Iran and world powers reach historic nuclear deal

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After almost two years of negotiations, Iran, the U.S., the UK, France, Germany, China and Russia on Tuesday signed a nuclear agreement in Vienna aimed at blocking Iran’s development of nuclear weapons in exchange for the lifting of economic sanctions.

According to the Wall Street Journal, the deal plans to cap Iran’s stockpile of nuclear fuel at 300 kilos and to reduce significantly the number of centrifuges used to enrich uranium, for 15 years. It also plans to reduce the amount of plutonium produced by an Iranian reactor.

At the same time, access for U.N. inspectors to Iran’s nuclear sites will be increased, also allowing them to visit military sites. According to CNN, increased inspections, including tracking of uranium mining and monitoring of the production and storage of centrifuges, will last for up to 20 years.

According to Reuters, the UN-imposed arms embargo against the country will remain in force for five years, while the restrictions on rocket technology exchange will be kept for eight years.

The economic sanctions to be lifted in accordance with the agreement could be restored within 65 days if Iran fails to comply with the terms of the deal, Reuters reported.

Both the U.S. and Iran are said to be satisfied with the agreement, but Republicans in the United States and Israel’s Prime Minister Benjamin Netanyahu have expressed fierce opposition.

Israel’s deputy foreign minister, Tzipi Hotovely, was quoted by Reuters referring to the agreement an “historic surrender” and saying that Israel would "act with all means to try and stop the agreement being ratified" by using its influence and blocking it in the U.S. Congress.

RUNDOWN SHOWS:
1. The blockage of Iran’s path to nuclear weapon ; the removal of of economic sactions
2. Capping Iran’s stockpile of nuclear fuel
3. Reduction of centrifuges machines
4. Reduction of plutonium amount produced by Iranian reactors
5. UN inspectors accessing military site
6. Embargo on weapons and rockets technology lifted after 5 and 8 years respectively

VOICEOVER (in English):
“The nuclear agreement reached by Iran and six world powers is aimed at blocking the country’s development of nuclear weapons in exchange for the lifting of economic sanctions.”

“The deal plans to cap Iran’s stockpile of nuclear fuel, [CUT 3] and to significantly reduce the number of centrifuges used to enrich uranium as well as [CUT 4] the amount of plutonium produced by an Iranian reactor.”

“At the same time, access to Iran’s nuclear sites for U.N. inspectors will be increased, also allowing them to visit military sites.”

“The UN-imposed arms embargo against the country will remain in force for five years, while the restrictions on rocket technology exchange will be kept for eight years.”

SOURCES: THE WALL STREET JOURNAL, CNN, REUTERS
http://www.wsj.com/articles/embargo-on-arms-clouds-iran-nuclear-deal-1436831280
http://edition.cnn.com/2015/07/14/politics/iran-nuclear-deal/
http://www.reuters.com/article/2015/07/14/us-iran-nuclear-idUSKCN0PM0CE20150714