Iranian officials quickly declared victory, arguing the deal would lift all international sanctions on the regime while allowing it to continue to develop nuclear power.
1. "All Security Council resolutions will be terminated,
2. all U.S. nuclear-related secondary sanctions as well as EU sanctions will be terminated" during the term of the agreement, Iranian Foreign Affairs Minister Mohammad Javad Zarif said in a press conference.
3. "None of those measures include closing our facilities. The proud people of Iran would never accept that. Our facilities will continue.
4. We will continue enriching, we will continue research and development, our heavy water reactor will be modernized and we will continue the Fordow facility," Zarif said.
5. European Union Foreign Affairs Minister Federica Mogherini said the EU will terminate economic and financial sanctions under the agreement, and
6. the U.S. will cease implementation of sanctions simultaneous with the International Atomic Energy Agency (IAEA) verifying Iran is abiding by its nuclear commitments.
7. United Nations Security Council resolutions imposing sanctions on Iran would also be lifted.
8. "When we implement our measures, there won't be no sanctions against the Islamic Republic of Iran," she said.
9. She also described new restrictions on Iran that would limit its enrichment capacity and its stockpile of uranium fuel.
10. Iran would commit to only having an enrichment facility in Natanz. Its Fordo site, which until recently had been hidden from the international community, would be converted to a nuclear physics and technology center, Mogherini said.
11. The Arak heavy water reactor also will be redesigned so that it can not produce weapons-grade plutonium, Mogherini said. Spent fuel will be exported, she said.
12. Iran is also agreeing to allow IAEA inspectors access to the nuclear sites to clarify "past and present issues"