"After two years of negotiations, the United States, together with our international partners, has achieved something that decades of animosity has not a comprehensive long-term deal with Iran that will prevent it from obtaining a nuclear weapon," Obama told reporters at the White House.

Led by the United States P5+1 countries – the US, Britain, France, Russia, China and Germany – reached the landmark agreement with Iran after more than 20 months of intense negotiations, mostly held in Vienna or Geneva.

Obama, in a rare early morning statement, asserted that this deal has achieved what the US and the international community wanted from day one -- to prevent Iran from acquiring nuclear weapons. For the next 15 years, Iran will not build any nuclear weapons, Obama said at the White House with Vice President Joe Biden standing by his side.

Because of this deal, Obama said Iran will remove two thirds of its installed centrifuges, the machines necessary to produce highly enriched uranium for a bomb and store them under constant international supervision. Iran will not use its advanced centrifuges to produce enriched uranium for the next decade. Iran will also get rid of 98 percent of its stockpile of enriched uranium, he said. Obama said because of this deal the international community will for the first time be in a position to verify all of Iranian commitments.

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