Iran and the P5+1 Group have come to a final agreement on Tehran’s nuclear program after over two weeks of strenuous talks, an Iranian diplomatic source told Sputnik on Tuesday.

Iranian Foreign Minister Mohammad Javad Zarif waving from the balcony of Palais Coburg in Vienna

“In general, that’s it,” the diplomatic source close to the negotiations said responding to whether a deal has been reached. “I congratulate all Iranians. Iran and the P5+1 will announce a comprehensive agreement by 13:00 Tuesday.” The source added the final formal checks are continuing.

 Terms of agreement

The agreement envisages that the UN arms embargo against Iran will remain for another five years. US missile sanctions will stay intact for another eight years. The EU will lift economic and financial sanctions simultaneously with the IAEA verification of Iran fulfilling all agreed steps.

The new resolution will be presented to the UN Security Council for approval immediately after negotiations end. Tehran agreed not to enrich uranium over 3.67 percent for 15 years. Fordo has to be turned into a technological center and its centrifuges will be used for the production of isotopes. In compliance with a ‘snapback’ plan, sanctions may be renewed within 65 days if Iran violates the agreement.

“Based on its long-term plan, for 15 years, Iran will carry out its uranium enrichment-related activities, including safeguarded R&D exclusively in the Natanz Enrichment facility, keep its level of uranium enrichment at up to 3.67%, and, at Fordo, refrain from any uranium enrichment and uranium enrichment R&D and from keeping any nuclear material,” the document said.

A nuclear agreement with Iran will become effective 90 days after it is confirmed by the UN Security Council.

Iran and the P5+1 will hold meetings at the ministerial level no less than twice a year to assess the fulfilment of the deal. The new agreement replaces previous decisions on the issue. Seven UN Security Council resolutions will be annulled when the agreement comes into force.

“The UN Security Council resolution endorsing this JCPOA will terminate all provisions of previous UN Security Council resolutions on the Iranian nuclear issue… simultaneously with the IAEA-verified implementation of agreed nuclear-related measures by Iran and will establish specific restrictions, as specified in Annex,” the document said.

The new UN Security Council resolution on Iran will be in force for 10 years.

A joint commission comprising the P5+1 group, Iran and the European Union will oversee the fulfilment of the Iran nuclear agreement.

The nuclear agreement provides for lifting EU sanctions in banking operations, insurance, and SWIFT payment system.

Iran is obliged to have no more than 300 kg of enriched uranium up to 3.67 percent for 15 years.

“During the 15-year period, as Iran gradually moves to meet international qualification standards for nuclear fuel produced in Iran, it will keep its uranium stockpile under 300 kg of up to 3.67% enriched uranium hexafluoride (UF6) or the equivalent in other chemical forms,” the document said.

Tehran will have to provide conditions for IAEA presence at its nuclear facilities, including workplaces.

“Iran will make the necessary arrangements to allow for a long-term IAEA presence, including issuing long-term visas, as well as providing proper working space at nuclear sites and, with best efforts, at locations near nuclear sites in Iran for the designated IAEA inspectors for working and keeping necessary equipment,” the document said.

Iran will allow the IAEA to conduct monitoring for 25 years and will present all necessary information for that time frame.

“Iran will permit the IAEA to monitor, through agreed measures that will include containment and surveillance measures, for 25 years, that all uranium ore concentrate produced in Iran or obtained from any other source, is transferred to the uranium conversion facility (UCF) in Esfahan or to any other future uranium conversion facility which Iran might decide to build in Iran within this period. Iran will provide the IAEA with all necessary information such that the IAEA will be able to verify the production of the uranium ore concentrate and the inventory of uranium ore concentrate produced in Iran or obtained from any other source for 25 years,” the document said.

Iran will increase the number of International Atomic Energy Agency (IAEA) inspectors in the country to 130-150 within nine months after a joint action plan comes into force.

The EU limits on imports of Iranian oil, gas and exports of EU extraction equipment to Iran will be lifted.

Tehran is obliged to use spent nuclear fuel in medicine and production of industrial radioisotopes for 15 years.

Iran is obliged not to produce weapons grade plutonium at its Arak facility, while spent fuel should be removed by international mediators.

New heavy water nuclear reactors must not be built in Iran for 15 years, with the surplus of heavy water to be accessible for sale.

The renewal of sanctions imposed on Iran for its controversial nuclear program will serve as a basis for Tehran to cease the implementation of its commitments under the nuclear deal.

‘Historic surrender’

Israeli Prime Minister Benjamin Netanyahu described the news that an agreement had been reached on Tehran’s nuclear programme as “a historic mistake” and said he would do everything he could to block the deal, Irish Independent said quoting Reuters.

“Iran is going to receive a sure path to nuclear weapons. Many of the restrictions that were supposed to prevent it from getting there will be lifted,” Netanyahu said at the start of a meeting with Dutch Foreign Minister Bert Koenders in Jerusalem.

“Iran will get a jackpot, a cash bonanza of hundreds of billions of dollars, which will enable it to continue to pursue its aggression and terror in the region and in the world. This is a bad mistake of historic proportions.”

Israeli Deputy Foreign Minister Tzipi Hotovely called the news an “historic surrender”.

She said on Twitter that Israel would “act with all means to try and stop the agreement being ratified,” a clear threat to try and use its influence to block it in the Republican-controlled US Congress.

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