Catherine Ashton, European Union’s foreign policy chief, was the first to announce on her Twitter account, followed by the Iranian foreign minister Javad Zarif, as well on his Twitter account that Iran has reached and agreement with the major world powers (United States, United Kingdom, France, Germany, China and Russia) this morning in Geneva regarding Iran’s Nuclear Program.

Iran agreed to roll back its plan in exchange of limited sanctions.

This is an Interim Deal with a term of 6 months. During this period $4.2 billion of Iranian funds shall be released and $1.5 billion worth sanctions being suspended, yet the embargoes against Iranian oil, banking institutions, and other financial sanctions shall not be lifted.



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