A Deal Is Reached

As seen below, this is just breaking, so the details haven't been made public yet so there is a lot of speculation. 

Iran And World Powers Reach A Nuclear Deal In Geneva

Representatives of Iran and Western powers reached an interim deal on Iran’s controversial nuclear program early Sunday morning, after a weekend of intensive talks in Geneva.

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 Iranian Fars news agency reported that under the deal, Iran would freeze all uranium enrichment to 20 percent for six months, while retaining its current stockpiles of nuclear fuel. Under the deal, Iran has also committed to halt the expansion of the Natanz and Fordo uranium enrichment facilities, as well as the Arak heavy water reactor, the report said.

According to a Western diplomat quoted by Reuters, the deal would grant Iran access to $4.2 billion in foreign exchange.

No details on relief offered have been made public. And the US administration has not commented on reports from congressional officials that Obama’s team estimates Iran could get $6-10 billion in benefits over six months for rolling back its nuclear program.

Several US senators — both Democrat and Republican — have voiced displeasure with the parameters of the potential agreement, arguing that the US and its partners are offering too much for something short of a full freeze on uranium enrichment.

'1st Step' In Nuclear Deal Between Iran And Six World Powers Reached In Geneva

"We have reached an agreement," Iranian Foreign Minister Mohammad Javad Zarif announced on his Twitter feed. French Foreign Minister Laurent Fabius also confirmed the deal.

Germany and the five permanent members of the United Nations Security Council — the United States, United Kingdom, France, Russia and China — announced the interim agreement after the chief diplomat of each nation descended on Geneva, where talks were in their third round since October, in order to secure the deal.

The agreement will be in effect for six months, during which time the P5+1 powers will attempt to forge a conclusive, final-status agreement that will end the nuclear impasse.