Political Risk

Iran, world powers agree on nuclear deal

“World powers Sunday agreed a landmark deal with Iran halting parts of its nuclear programme in what US President Barack Obama called ‘an important first step’. According to details of the accord agreed in Geneva provided by the White House, Iran has committed to halt uranium enrichment above purities of five percent. In exchange the deal will afford the Islamic republic some $7 billion (5.2 billion euros) in sanctions relief and the powers promised to impose no new sanctions for six months if it sticks by the accord.”

Source: Iran, world powers agree on nuclear deal | GulfNews.com

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