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Iran, major powers strike historic nuclear deal

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Iran and six world powers P5+1 (United States, Russia, China, Britain, France and Germany) have signed a historic nuclear deal.

Key points are:

  • The aim of the deal is to ensure that Iran does not develop nuclear weapons, in return for relief from crippling sanctions.
  • This deal would assure Iran’s right to enrich nuclear fuel for civilian purposes under the third pillar of the Treaty on the Non-Proliferation of Nuclear Weapons.
  • The agreement was concluded on the 18th day of marathon talks in Vienna between Iran and P5+1.
  • The head of the UN atomic watchdog had signed a “roadmap” with Iran for probing suspected efforts to develop nuclear weapons, a key part of an overall accord.
  • This deal would allow U.N. inspectors to press for visits to Iranian military sites as part of their monitoring duties
  • Iran would have the right to challenge the U.N request.

What happens now?

  • This agreement is expected to sharply curb Iran’s nuclear programme and impose strict UN inspections in order to make any drive to make nuclear weapons impossible and easily detectable.
  • This deal would impose restrictions on Tehran’s nuclear programme for at least a decade and some longer.
  • In return, UN and Western restrictions on Iranian oil exports and the economy of the country of 78 million people would be progressively lifted.