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World powers and Iran confirm nuclear accord

World powers and Iran have formally announced a comprehensive nuclear accord.

Federica Mogherini, the European Union's foreign policy chief, said: "Today is an historic day."

She added that it was a great honour "for us to announce that we have reached an agreement on the Iranian nuclear issue".

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What we know so far about the Iran deal

Credit: Reuters

The deal agreed between Iran and the P5+1 negotiating powers limits Iran's nuclear programme in return for the lifting of sanctions.

The Joint Comprehensive Plan of Action runs to more than 80 pages and full details are still emerging, but so far we know that as a result of the deal:

  • Iran has affirmed that under "no circumstance" will it seek to develop nuclear weapons
  • Tehran will place thousands of its nuclear centrifuges into monitored storage
  • UN inspectors will be allowed extensive access to Iranian military sites
  • An arms embargo against Iran is to remain in place for five years
  • Sanctions against Iran's ballistic missile programme will remain in place for eight years
  • Sanctions will 'snap-back' in place after 65 days if Iran does not comply with its obligations under the deal

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