This is an entry from: LIVE BLOG: Iran nuclear deal
Details of Iran deal revealed
14 July 2015 12:40 BST
The last ministerial meeting has ended, meaning that Iran’s nuclear deal is formally concluded.
Some of the highlights of the deal include:
- Billions of US dollars in frozen assets would be released
- According to IRNA, Iran would no longer be barred from purchasing certain ‘duel-use’ machinery
- Sanctions on Iran’s central bank, a national oil company, shipping lines, and the national air carrier would be lifted
- UN inspectors given access to military sites for monitoring, but Iran could challenge requests for access
- Restoration of sanctions within 65 days if Iran were to breach the agreement
- A UN arms embargo is expected to remain in place for five years. Missile sanctions would remain in place for eight years