₦airaland Forum

Israeli anger at Iran nuke deal

Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of on-off negotiations with an agreement that could potentially transform the Middle East.

Under the deal, sanctions imposed by the United States, European Union and United Nations would be lifted in return for Iran agreeing long-term curbs on a nuclear program that the West has suspected was aimed at creating a nuclear bomb.

Reaching a deal is a major policy victory for both U.S. President Barack Obama and Iran's President Hassan Rouhani, a pragmatist elected two years ago on a vow to reduce Iran's diplomatic isolation.

Both men face scepticism from powerful hardliners at home after decades of enmity between countries that referred to each other as "the Great Satan" and a member of the "axis of evil".

Final talks in Vienna involved nearly three weeks of intense round-the-clock negotiations between U.S. Secretary of State John Kerry and Iran's Foreign Minister Mohammad Javad Zarif.

Western diplomats said under the final agreement, Iran had accepted a "snapback" mechanism, under which some sanctions could be reinstated in 65 days if it violated the deal. A U.N. weapons embargo would remain in place for five years and a ban on buying missile technology would remain for eight years.

http://www.reuters.com/article/2015/07/14/us-iran-nuclear-idUSKCN0PM0CE20150714

http://www.theguardian.com/world/live/2015/jul/14/iran-nuclear-talks-deal-historic-vienna-live-updates

http://news.yahoo.com/iran-talks-hit-final-stage-announcement-expected-064307157--politics.html

not my biz...

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Nigeria...is in trouble

heheheheheh

Iran always in the news

Dharniel:
not my biz...

In such a scenario, the Iran nuclear deal could mean even more oil in the market, further widening the gap between the demand and supply. In terms of how much and how soon, based on the market reports regarding the country’s floating oil storage capacity, we believe that Iran could introduce as much as 30 million barrels of crude oil into the market almost immediately as soon as the sanctions are lifted.