The world powers and Iran has signed today a landmark accord to significantly limit Iran’s nuclear ability after marathon negotiations.

The accord will undermine Iran’s ability to make atomic weapons for at least a decade and allow the inspection of Iranian facilities, including military sites. In exchange, the world powers will lift the crippling international sanctions imposed earlier due to the alleged Iran’s nuclear program to produce a bomb.

Iran has long claimed that its nuclear program is designed to serve peaceful purposes like producing electric energy.

The accord also force Tehran to scale back its current stockpile of low enriched Uranium (the nuclear fuel needed to produce atomic weapons) by 98%, mostly by shipping most of it to Russia.

Minutes after the announcement of the Joint Comprehensive Plan of Action, US President spoke from the white house saying “the agreement is not built on trust, it is built on verification”.

In his speech, which was broadcasted live in Iran, Obama also vowed to fight to preserve the deal in its entirely. “I will veto any legislation that prevents the successful implementation of this deal”, he said.

His Iranian counterpart, Hassan Rouhani, said “a new chapter” has begun in his nation’s relations with the world”.

But obviously not everybody was celebrating the deal. Israeli Prime Minister, Benjamin Netanyahu criticized the deal calling it “a historic mistake” that would provide Iran with “hundreds of Billions of dollars with which it can fuel its terror machine”, and ultimately create a “terrorist nuclear superpower”.

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