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Iran, world powers strike nuclear deal

World leaders hail historic 'first step'; Israel says it's a 'historic mistake'

Agencies
Iran has struck a historic agreement with the LIS and five other world powers, accepting strict constraints on its nuclear programme for the first time in a decade in exchange for partial relief from sanctions.
The deal, signed at 4.30am yesterday morning, marks arguably the most significant foreign policy achievement of Barack Obama's presidency, amounting to the most significant agreement between Washington and Tehran since the 1979 Iranian revolution.
The move is intended as the first step in a six-month process aimed at a permanent resolution to the decade-old global impasse over Iran's nuclear programme, and heading off the threat of a new war in the Middle East.
Tehran boasted that the agreement, which offers Iran limited sanctions relief, recognised its right to enrich uranium -which it says is for peaceful purposes - but Washington denied the deal made any such reference.
Israel slammed the deal as a "historic mistake".
"What was achieved... in Geneva is not a historic agreement but rather a historic mistake," The Guardian quoted Prime Minister Benjamin Netanyahu telling his cabinet.
Iran's Gulf Arab adversaries, nervous of the rehabilitation of their long-standing regional rival, were tight-lipped about the agreement.
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The six world powers- Britain, China, France, Russia and the United States plus Germany -involved in the marathon talks however hailed the preliminary agreement.
"While today's announcement is just a first step, it achieves a great deal," President Obama said in an address from the White House. "For the first time in nearly a decade, we have halted the progress of the Iranian nuclear programme, and key parts of the programme will be rolled back."
Under the deal, Tehran will limit uranium enrichment - the area that raises most suspicions over Iran's alleged nuclear weapons drive - to low levels.
It will neutralise its entire stockpile of uranium enriched to medium 20-percent purities -- close to weapons-grade - within six months, US Secretary of State John Kerry said in Geneva, where he and other foreign ministers helped nail down the deal.
Iran will also not add to its stockpile of low-enriched uranium, nor install more centrifuges or commission the Arak reactor.
UN atomic inspectors will also have additional, "unprecedented" access, AFP quoted Kerry as saying.
In exchange, the deal will afford the Islamic republic some $7 billion in sanctions relief and the powers promised to impose no new embargo measures for six months if Tehran sticks by the accord.
If they do, it would lead to the lifting of the
main sanctions on oil and banking that have all but crippled the Iranian economy, and the eventual normalisation of relations between Iran and the US for the first time since the 1979 Islamic revolution.
The Geneva deal also releases just over $4bn in Iranian oil sales revenue from frozen accounts, and suspends restrictions on the country's trade in gold, petrochemicals, car and plane parts.
Iran's supreme leader Ali Ayatollah Khamenei, who last week described Israel as a doomed "rabid dog", hailed the deal as an "achievement".
Hassan Rohani, whose election as Iran's president in June raised hopes of a thaw with the West, insisted "Iran's right to uranium enrichment on its soil was accepted in this nuclear deal by world powers."
But Kerry was adamant: "This first step does not say that Iran has the right of enrichment, no matter what interpretative comments are made." Iranian Foreign Minister Javad Zarif suggested that the recognition was implicit.
Russia said there were only winners and no losers in the deal, while Iran's other ally Ghina said the Geneva document will support stability in the Middle East.
France, the member of the so-called P5+1 group that had expressed the most reservations over Iran's commitment in a previous round of talks, called the deal "a step in the right direction."
The deal was reached at the third meeting of
the P5+1 and Iran since Rohani replaced the more hawkish Mahmoud Ahmadinejad in August.
However, the key overnight sessions that clinched the deal involved Kerry, Zarif and Ell foreign policy chief Catherine Ashton, who presided the meeting, alone.
News of the deal united Iranians from across the political spectrum in celebration, reflecting widespread hope that it would reduce the threat of war and ease punishing sanctions. Hundreds of thousands of people stayed up through the night to follow the minute-by-minute coverage of negotiations on satellite television, Facebook and Twitter.
The first announcement that a deal had been reached, by Ashton's spokesman Michael Mann, and the confirmation by Zarif, were both made on Twitter - a first for a major global accord.
"Day five, 3:00am, it's white smoke," tweeted the deputy Iranian foreign minister, Seyyed Abbas Araghchi, referring to the terminology used in Vatican for the announcement of a new pope.
However, Joel Rubin, director of policy for the foundation Ploughshares Fund, warned that the hardest work may still lie ahead.
"This is going to challenge all of the feelings, and conceptions and ideologies and emotions that have been pent up in the LIS, in the West and in Israel and elsewhere for decades. It's going to be a very, very hard task," he said.