BREAKING NEWS

UN Security Council endorses Iran nuclear deal

By REUTERS

JULY 20, 2015 16:16

UNITED NATIONS - The United Nations Security Council on Monday endorsed a deal to curb Iran's nuclear program in return for sanctions relief, but it will be able to re-impose UN penalties during the next decade if Tehran breaches the historic agreement.

The 15-member body unanimously adopted a resolution that was negotiated as part of the agreement reached in Vienna last week between Iran and the world's major powers.

In return for lifting US, EU and UN sanctions, Iran will be subjected to long-term curbs on a nuclear program that the West suspected was aimed at creating an atomic bomb, but which Tehran says is peaceful.

Passage of the resolution triggers a complex set of coordinated steps agreed by Iran during nearly two years of talks with the United States, Russia, China, Britain, France, Germany and the European Union.

It says that no sanctions relief will be implemented until the International Atomic Energy Agency submits a report to the Security Council verifying that Iran has taken certain nuclear-related measures outlined in the agreement.

Under the deal, the major powers don't need to take any further action for 90 days. Then they are required to begin preparations so they are able to lift sanctions as soon as the IAEA verification report is submitted.

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