UPDATE 10:50 PM EST: President Barack Obama says a nuclear deal with Iran is an “important first step” toward addressing the world’s concerns over the Islamic republic’s disputed nuclear program.
Obama says the deal includes “substantial limitations” on Iran and cuts off the Islamic republic’s most likely path to a bomb.
UPDATE 10:46 PM EST: Texas Senator John Cornyn suggests the late-night announcement from Geneva is a Wag The Dog moment, aimed at saving the President from the messy Obamacare rollout.
UPDATE 10:43 PM EST: Pres. Obama: “Israel and our Gulf partners have a good reason to be skeptical of Iran’s intentions.
“I have a profound responsibility to try to resolve our differences peacefully, rather than rush towards conflict.
[PRESIDENT OBAMA’S SPEECH BELOW]
UPDATE 10:13 PM EST: President Obama will address the nation shortly about the deal with Iran.
UPDATE: 10:03 EST: AP source: Nuclear deal does not include recognition of Iran’s right to enrich uranium.
UPDATE 9;48 PM EST: Early reports state that Iran received a break of $4 billion in sanctions relief. Iran will get access to $4.2 billion in foreign exchange as part of an agreement under which it will curb its nuclear program in exchange for limited sanctions relief, a Western diplomat said on Sunday.
UPDATE: 9:30 PM ESTThe French and Iranian foreign ministers said early Sunday that a deal between six world powers and Iran has been struck that calls on Tehran to limit its nuclear activities in return for sanctions relief.
Iranian Foreign Minister Mohammad Javad Zarif said, “Yes, we have a deal,” as he walked past reporters crowding the hotel lobby where marathon negotiations had taken place over the past five days.
Asked if there was a deal, French Foreign Minister Laurent Fabius said “Yes” and gave a thumbs up sign.
The goal had been to hammer out an agreement to freeze Iran’s nuclear program for six months, while offering the Iranians limited relief from crippling economic sanctions. If the interim deal holds, the parties will negotiate final-stage agreements to ensure Iran does not build nuclear weapons.
The deal came after the personal intervention by Secretary of State John Kerry and other foreign ministers whose presence had raised hopes for a breakthrough.
Diplomats refused to spell out details of the talks, which dragged on past midnight and into early Sunday.