Iran and world powers reach a framework agreement to curb Iran's nuclear program for at least a decade after eight days of marathon talks in Switzerland. Mana Rabiee reports.
Foreign ministers stood before an eager press on Thursday in Lausanne, Switzerland to make the announcement many wanted to hear. That a framework nuclear agreement had been reached with Iran and six world powers, after marathon talks that never looked like a sure thing. Iranian Foreign Minister Mohamad Javad Zarif and European Union Foreign Policy Chief Federica Mogherini made the announcement in a joint statement. SOUNDBITE: IRANIAN FOREIGN MINISTER MOHAMAD JAVAD ZARIF SAYING: "Today, we have taken a decisive step, we have reached solutions on key parameters of a joint, comprehensive plan of action." According to U.S officials, Iran agrees under the deal to cut by two-thirds the number of its installed uranium enrichment centrifuges -- which the West said could be used one day for nuclear weapons technology. In exchange, U.S. and European Union sanctions against Tehran will gradually be lifted -- although failure to comply with terms of the deal will cause those sanctions to "snap back into place". Thursday's progress caps a 12-year-long stand off between the West and Iran over curbing Tehran's nuclear program. U.S. President Barack Obama called the news "historic," comparing it to nuclear arms control deals with the Soviet Union during the Cold War. SOUNDBITE: U.S. PRESIDENT BARACK OBAMA SAYING: "As President and Commander in Chief, I have no greater responsibility than the security of the American people. And I am convinced that, if this framework leads to a final comprehensive deal, it will make our country, our allies and our world safer." The tentative agreement clears the way for talks on a future comprehensive settlement. All sides go back to the negotiating table to hash out those final details by June 30.