Story highlights Netanyahu says a deal would pave the way for Iran to get a nuclear bomb Iran's enrichment capacity and stockpile will be limited, diplomats say Talks were tough, intense and "sometimes emotional and confrontational," Kerry says
After a marathon stretch of late-night negotiations in Lausanne, Switzerland, diplomats announced they'd come up with the framework for an agreement that's been months in the making.
Iran would reduce its stockpile of low-enriched uranium by 98% and significantly scale back its number of installed centrifuges, according to the plan. In exchange, the United States and the European Union would lift sanctions that have crippled the country's economy.
"It is a good deal, a deal that meets our core objectives," U.S. President Barack Obama said in a speech from the White House Rose Garden. "This framework would cut off every pathway that Iran could take to develop a nuclear weapon."
The deal would include strict verification measures to make sure Iran complies, he said.
"If Iran cheats," Obama said, "the world will know it."
Key points of the deal
The world powers involved in the talks with Iran were the United States, Russia, China, France, the United Kingdom and Germany.
For the United States and Iran, two countries with a long history of strained relations, the negotiations took on an added significance.
Just two years ago, they hadn't talked with each other officially in nearly four decades.
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Iran nuclear talks inching closer to 'finishing line ...