President Obama’s vowed to veto any attempt to overturn it.
After weeks of frantic negotiations and brinkmanship, the delegates in Vienna agreed on a historic deal to curb the Iranian nuclear programme.
The Gulf states, led by Saudi Arabia, the world’s top oil exporter, have concerns that Iran could still be able to develop a weapon under the agreement between Tehran and six major powers.
“They have clear differences about this deal, there’s no question about that”, an administration official said of Obama and Netanyahu, whose testy relationship was further strained earlier this year when the Israeli leader addressed Congress about Iran.
The agreement, which capped more than a decade of on-off talks, was hailed by US President Barack Obama as an opportunity worth seizing while Iranian President Hassan Rouhani said it marked a new phase in global relations.
Parliamentary secretary for foreign affairs Steve Ciobo says the landmark deal thrashed out with Tehran to ensure Iran does not obtain a nuclear bomb was a positive outcome built on the work of past two years.
“I estimate 300,000 – 500,000 new barrels of oil on the market within 6-12 months after a deal begins to be implemented”, he said.
Aware that his outreach to Iran is not universally popular, Obama has put all of his weight – and his legacy – on the line.
The deal could again make Iran an attractive place for foreign investment by worldwide oil and gas giants like Royal Dutch Shell and France’s Total, who were previously barred under sanctions. “I will be reviewing whether it is enforceable – both through effective worldwide monitoring and the ability to re-impose sanctions if violations occur while assuring that sanctions relief is not given unless and until Iran meets its commitments – and whether the agreement prevents Iran from developing a nuclear weapon capability”. In exchange, economic sanctions will be lifted.
Israeli Prime Minister Benjamin Netanyahu, a staunch opponent of Iran, says the agreement is a “historic mistake”, taking to Twitter to voice his displeasure.
Kennedy said a nuclear Iran would pose a grave threat and it’s “absolutely critical this agreement contain the necessary level of protection, verification, inspection and effect to prevent that scenario”. Iran has often balked at this, saying the military installations are not part of its nuclear facilities. The Americans have said they don’t want a confession”, Rauf told the Guardian Tuesday He added, “Amano has said he will give an assessment report, not a conclusion, which is not what the IAEA normally does.
“Iran could play a (significant) role in the region if it revises its policy and stops interfering in the internal affairs of countries like Iraq, Syria, Lebanon and Yemen”, a UAE official said.
Russian President Vladimir Putin hailed the deal reached on Iran’s nuclear drive as a “firm choice for stability and cooperation”.
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