The long sought for Iranian nuclear deal has finally come to a feasible form, the Associated Press cited a Western diplomat who requested anonymity saying, adding that the final obstacles had been devoured, and the deal is inches away from completion.
Another senior diplomat said that the draft final deal includes a compromise between Washington and Tehran that would allow United Nations inspectors to visit Iranian military sites as part of their monitoring duties.
A "final plenary" meeting at 08:30 GMT took place in Vienna followed by a news conference, in which Iranian Foreign Minister Javad Zarif said the deal is a new chapter full of hope.
Iranian Supreme leader, Ayatollah Khamenei, cast aside his notorious mistrust of the United States and its allies and supported the completion of the nuclear deal in order to curb the decade long economic isolation of the Iranian nation.
The European Union's foreign policy chief Federica Mogherini said the deal sealed in Vienna after lengthy negotiations opened the way to a new phase in international relations.
"All the hard work has paid off and we sealed a deal. God bless our people," Reuters quoted one of the diplomats as saying.
The deal between Iran and the so called six world powers including Britain, China, France, Germany, Russia and the United States is aimed at monitoring Iran's most sensitive nuclear work for over 12 years in exchange for immediate relief for the country from economic sanctions that have long crippled its economy.
Iranian nuclear programme chief Ali Akbar Salehi, said the deal respected his country’s reservations and red lines.
According to Iranian news agency IRNA, Iranian nuclear enrichment will continue past the completion of the deal in coordination and cooperation with the six powers, and that working will be sustainable on key centrifuges.
Under the deal, Tehran would have the right to challenge the UN request for site inspection and an arbitration board composed of Iran and the six world powers that negotiated with it would have to decide on the issue.
Israel’s take on the deal
Israeli Prime Minister Benjamin Natenyahu described the completion of the nuclear deal a “historic mistake”.
Benjamin Netanyahu said on Tuesday that an accord with Iran will allow it "to continue to pursue its aggression and terror in the region."
Since Iran's acceptance in principle of granting access to military sites will give the IAEA extra authority in its attempts to go to the site and its demands — previously rejected by Tehran — the deal means economic prosperity for the country, with almost no chance of military aggression against any other country in particular.
The UN Security Council is expected to endorse the completed deal by the end of the month to start the mechanics of implementation.
However, French Foreign Minister Laurent Fabius said the world powers will be “extremely vigilant” in how Iran will be handling or spending the financial surplus resulting from the sanctions relief.
Iran also accepted a so-called "snapback" plan that will restore the pulled back sanctions in 65 days if the country violates the deal agreed with six world powers to curb the country's nuclear programme, diplomats told Reuters on Tuesday.
The diplomats said a UN arms embargo would remain in place for five years and UN missile sanctions would stay in place for eight years.