REUTERS/Kevin Lamarque
U.S. President Barack Obama gestures for guests to take their seats upon his arrival to speak during the 2015 White House Conference on Aging (WHCOA) at the White House in Washington July 13, 2015.
US President Barack Obama is set to speak around 7 AM ET after world powers and Iran clinched a historic nuclear accord in Vienna overnight.
The deal the most significant foreign policy achievement for Obama, who will seek to persuade Congress to approve the deal in the next 60 days.
Geopolitical expert Ian Bremmer tweeted the basic pros and cons of any deal:
Why prefer an Iran deal?Cheaper oilNew investment oppsDiplomatic winJ Curve (more open Iran)& Failure leads to sanction erosion
- ian bremmer (@ianbremmer) July 14, 2015Why oppose Iran deal?Bad for allies: Israel, SaudiAssad/Hezbollah supportMore $ in regional proxy warsWhen Iran cheats, P5+1 fragments
- ian bremmer (@ianbremmer) July 14, 2015World powers and Iran struck a landmark deal Tuesday to curb Iran's nuclear program in exchange for billions of dollars in relief from international sanctions - an agreement designed to avert the threat of a nuclear-armed Iran and another US military intervention in the Muslim world.
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 US and Iran, countries that alternatively call each other the "leading state sponsor of terrorism" and the "the Great Satan."
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