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VIENNA (CBS News/CBSDC/AP) — After 18 days of intense negotiations, the U.S. and five other world powers have reached a deal to freeze Iran’s nuclear program for the next decade in exchange for gradual sanctions relief that rolls out as Iran complies with a multi-step process…

The accord will keep Iran from producing enough material for a nuclear weapon for at least 10 years and impose new provisions for inspections of Iranian facilities, including military sites.

And it marks a dramatic break from decades of animosity between the United States and Iran, countries that alternatively call each other the “leading state sponsor of terrorism” and the “the Great Satan.”

Touting the deal in an early morning news conference from the White House, President Barack Obama said one of the greatest dangers facing the U.S. today was the “risk is that nuclear weapons swill spread to more and more countries, particularly in the Middle East, the most volatile region in our world.”

Obama said Iran’s path to a nuclear weapon has been “cut off.”

“I have no doubt 10 or 15 years from now the person who holds this office will be in a far stronger position with Iran further away from a weapon and with the inspections and transparancy that allow us to monitor the Iranian program. For this reason I believe it would be irresponsible to walk away from this deal,” Obama said.

The president stated that “no deal  means a greater chance of more war in the Middle East”…

Moreover, we give nothing up by testing whether or not this problem can be solved peacefully.”

In a message to Congress, Obama said that he will “veto any legislation that prevents the successful implementation of this deal.”

“I welcome a robust debate in Congress on this issue, and I welcome scrutiny of the details of this agreement,” Obama said. “But I will remind Congress that you don’t make deals like this with your friends”…

“This is a historic moment,” Iranian Foreign Minister Mohammad Javad Zarif said as he attended a final session alongside his counterparts from the so-called P5+1; the United States, Britain, China, France, Germany and Russia, in Vienna on Tuesday morning.

“We are reaching an agreement that is not perfect for anybody, but it is what we could accomplish, and it is an important achievement for all of us. Today could have been the end of hope on this issue. But now we are starting a new chapter of hope.”

Israeli Prime Minister Benjamin Netanyahu called it a “historic mistake for the world”…

The economic and financial sanctions — including a U.S. and European Union oil embargo — will be lifted as Iran complies with the terms of the deal and as U.N. weapons inspectors verify their compliance…

Iran will remain locked out of the U.S. financial system, and an existing U.S. ban on arms sales will continue. A separate U.N. ban on arms sales will be peeled back over time as Iran verifiably complies with the terms of the agreement…

The U.S. Congress will have 60 days to review the terms agreed to in Vienna, after which they will vote on the pact. There has been fierce opposition to the deal, even before the details were known, from many Republicans and some Democrats in Washington, and they may try to block implimentation of the measures with their votes. Congress does not have the power, however, to completely obstruct the agreement reached by the executive branch with other nations.

Opposition to the deal has also been fierce from Israel, the most entrenched U.S. ally in the Middle East.

Under the deal, Tehran would have the right to challenge the U.N request and an arbitration board composed of Iran and the six world powers that negotiated with it would have to decide on the issue.

The accord will “grant Tehran sanctions relief in exchange for curbs on its nuclear program,” the Reuters news agency quotes an Iranian diplomat as saying Tuesday.

Source: Obama On Iran Nuclear Deal: It ‘Is Not Built On Trust’ « CBS DC