find out what's really happening to the global economy cars report on our. breaking news here on r.t. a triumph of diplomacy a deal between six world powers and iran over its nuclear program is reached effectively putting in atlanta a decade long standoff of correspondence bring us reactions from across the globe but. iranian. enrichment program will continue this first step does not say that iran has a right to enrich but what exactly did the sides agree upon. this being the war has started three in geneva and it's going to be cooling for another six months we take a detailed look at what the new deal holds plus. israel warns against celebrating the agreement saying to iran is the only winner in the

deal and that a nuclear arms race could follow. his or to coming to live from moscow we begin with breaking news world powers and iran have reached an historic nuclear deal ending a decade long deadlock over tehran's nuclear ambitions the breaks were came after more than four days of intense talks in the atmosphere of unprecedented secrecy avenir media blackout boy boy who was in geneva with a delegation of russia's foreign minister to follow the discussions that momentous occasion first of all off to two sets of failed negotiations before this ten years of political wrangling over iran's nuclear issue five days of talks intense heated talks in geneva a night of several hundred g. . analysts sleeping in the media center waiting for a decision and we finally have

a breakthrough at that historical deal has been reached now it's hard to describe just how tense the atmosphere has been here throughout the night waiting for any sort of news from those negotiations to find out whether or not that deal has been made and up until the very last moment when we received the news about the deal being made there was no way of knowing which way it was going to go because sticking point still remains between the sides now the agreement that we have at the moment according to the russian foreign ministry coincides with what russia had been proposing from the offset in these nuclear negotiations now what are the details that we know so far well the agreement we have according to the russian foreign ministry coincides with what russia has been proposing from the offset in these nuclear negotiations if we can take

a listen to sergei lavrov talking about that right now in a bit more detail this due to go in the soup to this six negotiating. to recognize iran's right to peaceful nuclear energy including its right to nuclear enrichment on the condition that it's programs placed under strict control by the. hour you and us these sanctions against iran that's the introduced by the u.n. security council russia has never recognized the unilateral. easing bratcher on the run should start with lifting. now among the details that one mentioned by sergey lavrov is that this will be the six month freeze over iran's nuclear program no new centrifuges are going to be added and no new uranium enrichment facilities are going to be built and everyone has agreed to stop.

enriching uranium to over five percent now so the deal here has been made it may only be an interim deal for the moment which means that you have to start again in six months time but at the moment it feels like a historic breakthrough well despite hailing the deal with iran u.s. president obama says the majority of american sanctions against iran will stay in place or just got hitched again as more from washington president obama pledged quote unquote a modest relief of sanctions in return for iran scaling back its nuclear program now the relief will include freeing up a small portion of iran's overseas accounts as well as easing some other trade restrictions here's actually what the president said on our side the united states and our friends and allies have agreed to provide iran with modest relief while continuing to apply our toughest sanctions we will refrain from imposing new sanctions and we will allow the iranian government excess to

a portion of the revenue that they have been denied through sanctions. but the broader architecture of sanctions will remain in place and we will continue to enforce them vigorously and if iran does not fully meet its commitments during the six month phase we will turn off the relief and ratchet up the pressure while again this president obama said the u.s. would refrain from imposing new sanctions because it would undermine the breakthrough deal that they just reached with iran we know that the u.s. congress was just about to pass another round of sanctions and the president has urged congress not to do that now although the obama administration now says sanctions have worked in these negotiations others argue that sanctions have created this hostile environment which throughout all these years made it impossible to reach a deal but still even though there is a temporary agreement the parties have already come out with what seems to be different interpretations especially on the key issue of whether or not iran has

the right to in which we believe that the current agreement current time of action as we call it in this thing places. a very clear reference to the fact that iranian. enrichment program will continue and will be a part of any agreement now and in the future this first step let me be clear this first step does not say that iran has a right to enrich but no matter what interpretive comments are made. it is not in this document there is no right to enrich with before corners of the n.p.t. and this document does not do that president obama on his part said iran should

have access to peaceful nuclear energy but because of violations in the past he said he wanted to be strictly limited in his capacity to develop a nuclear program now we have to take into account that the obama administration is now under a lot of pressure from the u.s. congress which is hardly in favor of any deal was iran and its allies israel and some of the gulf states which don't want to see you ron sanctions sanctions relief to so president obama. he president obama as well as secretary kerry they had to work their statements very carefully and ultimately their message to both israel and their partners in the gulf was that this deal will eventually make everyone safer or it seems the deal has left room for a different interpretations times correspondent have escobar says this could be a disruptive tool for those against a compromise with iran. this spin war has started at three am in geneva and it's going to be going for another six months kerry had to see that so he could

o.p.'s the israel lobby the us congress and the wahhabi petrodollar law of the us not to mention some neil cons and us as well still very boncelles and in iran it's different they are saying we still have our right to enrich. and it's correct we have to follow the letter of the agreement this means an enrichment of two percent ok no way in richmond to play person for the next six months no new centrifuges mon these i spect of which will be on iran practical into the bases from now on if you had the usual infiltrators who start spinning something else i'm sure iran won't bring their promises it's that in their own interest while some u.s. lawmakers have already lashed out of the obama administration for signing this deal the republicans comments ranged from accusations of giving millions and not getting

out and saying to approaches from alienating america's allies pepe escobar explains where else we can expect to find disappointment with a deal. for the moment we have a breakthrough it's going to last six months there will be all sorts of interest to try to boulevard this deal and i say specially wahabi petro dollar g.c.c. . interests and the israeli law the as well but for the moment we have diplomacy in action something that we haven't seen especially between us to run for thirty four years so this is the vision of great breakthrough at the moment but we have to be. also get some reaction from iran journalist and political analyst how mad reza mahdi joins me now live from the reigning capital tehran thank you so much mr money for joining us here on r t so first off to what extent does this deal correspond with what is ron was hoping to get out of these talks originally. what iran

wanted to have two things. on paper first was its right to enrich uranium and second was lifting of the sanctions so it appears like iran got both of them in the sense that the sanctions will be lifted partially and over the next six months the process will continue until the sanctions are totally lifted the illegal sanctions. which russia china the united states the european union have been part and they have imposed illegal sanctions against iran a nation which has caused a lot of problems for the ordinary iranians but on the part of the enrichment says we have. managed to get the recognition of five percent uranium enrichment it's right to enrich uranium up to five percent and here is what the white house says iran has agreed to halt all uranium enrichment of five percent so

the white house itself is saying that iran can enrich uranium up to five percent you don't have the right to do so you know i would like to see the only speak more of a. lying mr marty says you don't has no right to enrich uranium well exactly i was just wanted to talk more about this specific provision a point there because you know at this point there seems to be different interpretations of this as you said john kerry says that the deal doesn't mean that iran is entitled meant but then again iran says that it has us right so why do you think is such a diversity of opinion there. well it's not it's not only iran i just said. that the white house this is what the white house says not just repeat what the white house says the white house says iran has to halt all uranium enrichment of ball of five percent is what the white house is i don't know where mr kerry got his own

interpretation from but the white house and it's very interesting that there is this huge gap on this do screw this group and see between what john kerry says and what the white house says so the americans themselves are saying that iran has the right to enrich uranium to five percent so iran got that and the israelis are understandably angry they are not very much willing to see it on is dealing with the whole world on equal footing and here is benjamin netanyahu who actually says this is a bad deal it grants it on exactly what it want to do with a significant easing of sanctions and preservation of the most significant parts of its nuclear program so even benjamin netanyahu is saying that iran has the right to enrich uranium on that this deal because this deal gives it on the right and which we've heard some really strong response humming out of israel on this issue and of course you know there will be more reaction in the days and we weeks to come but

let's not focus on this deal and what we can expect six months down the road i mean the deal obliges the sides as we know to different concessions for six months only but what happens next i mean do you believe that it will turn into a long term agreement eventually very briefly if you can answer. absolutely if the western side keeps its promises keeps its words definitely things will move forward in the right direction iranians do not trust the west and that's because the us and its allies have more than once broken their promises just ten years ago on suspend its uranium enrichment program for six months and what it got in return was nothing so iranians have lost the trust in the americans so iran gives america and its allies six months they don't want. to see whether they are genuinely trying to put an end to this unnecessary crisis misses that he puts it and the six month period you know we'll see how the other party will react and it on its own really

wants to put an end to this crisis is serious about the talks he wants to be more transparent iran is showing more cooperation getting inspections of its nuclear facilities to see israel has hundreds of nuclear warheads it doesn't even run x. inspection of its nuclear facilities it doesn't join the new cannot proliferation treaty what does that tell you because israel is not it is not willing to see the whole world trying to find out what exactly is doing in terms of its nuclear weapons program but iran does not have a nuclear weapons program iran has a civilian nuclear program and iran is a long daily inspections that's very much telling all right that was homemade reza mahdi journalist and political analyst thank you so much for bringing us the news and reaction from iran thank you for having me. well you're watching r t coming to you live from moscow in case you're just joining us like to remind you that this is our breaking news story a world power is an iran have reached an historic nuclear deal and in a decade long deadlock over to iran's nuclear ambitions according to russia's

foreign minister in the deal the world powers recognize and ron's peaceful atom and uranium enrichment under strict control of the i.a.e.a. the u.n. atomic watchdog well let's now take a more detailed look at some of the key points of the deal that have already emerged first iran will reduce its uranium enrichment from twenty to a maximum of five percent of you just heard and this level ensures the peaceful use of atomic material so iran is also supposed to stop adding new centrifuges sticking to data the quitman and keep the heavy water reactor near the town of iraq non-operational the u.n. and should have around the clock ability to check and control any activity in richmond plans in return sanctions will be lifted a wiling to iran during control of some of its assets said to be worth up to four billion dollars for a period of up to six months. well iran's new president

is now addressing the media on this groundbreaking deal let's now take a listen. they should know that iran never seeks nuclear iran never sees nuclear weapons and if any party seeks to hamper iran's development that's going to be not possible. you know on the nuclear technology has been localized. as this for iran's development the nuclear technology the extreme one what a lot of it has been a change and acquired with the efforts made by the iranian young people and with scholars and professor. university professors and such a trend has continued as before fruits and it's got such a trance going to continue in the future and we are. going yob prepared to cooperate with the world and the i.a.e.a. in this regard in order to assure the shot it or to calm it fully

eliminate ambiguity said i've been created you donna. i demit necessary to mention that the hardship for the success that the band has attained so far in the mood are your mum on why that happened. to to to guidelines for by the leader of the islamic revolution are you and also militant will get you to full support extended by the way in your nation and also the efforts made by. it was like your diplomats. who shoulder so you did that the negotiations and also other be sure organizations. such as the supreme national security council and the parliament. and all the organs who helped the government and hopefully their assistance will continue.

i also wish to comment more aid to the lady in mom. and to. following his path. our nation. the path of resistance and independence. and they learn that i'm changing how to tread this path and. we sure appreciate the guidelines are for by the leader of the leader of the islamic revolution and. his guidelines have been a source of enlightenment for all of us and allow me to come memory are to. pay tribute to their families and also pay tribute to. nuclear martyrs. through their efforts.

they have been dedicated their lives talking. and the of just listening to hasan rouhani their running you know president and assessing a story you can still reach today in geneva between iran and then we can go shading powers over iran's nuclear program the moment it had for a year our correspondent reports live on israel's reaction to story stay with us. the. economic down in the final. days that sank night and the rest because i think. if we.

see good laboratory curbeam was easy to believe most sophisticated robots which one fortunately doesn't give a darn about anything to change mission to teach religion why it should care about you and. this is why you should care what you only argy dot com. welcome back this is our t. and reminder of the breaking news story deal on iran's nuclear program has been reached and to get a decade long standoff between tehran and world powers all six negotiating nations

hailed the agreement those issues are apparently interpreted differently. one country not happy about the deal with iran is israel the country's foreign minister has even said you greenman signals the beginning of a nuclear arms race artie's policy or joins us now from tel aviv was more reaction on this well paula as we just heard now an earlier a very very strong response coming out of the country do tell us more. so many of the response of the criticism coming out of tel aviv is hashmi indeed comments such as this is a deal based on deception this is a deal that is reminiscent of the bad deal that was made with north korea and that this is also a deal that brings the world back to the nuclear arms race now that was a comment made by the country's foreign minister avigdor lieberman he has said that iran has been wounded by this deal he's actually called it the greatest diplomatic

victory that tehran has had in years but by comparison he says it's a diplomatic failure for the international community at the same time the prime minister's office has stated that this deal is a bad deal that he ran got exactly what it wanted we've also heard criticisms from various ministers in the israeli government saying that there is no reason for the world to celebrate that this deal is based on a rainy and deception they've also warned that israel is not bound by it and that israel will not outsource its security that was a comment that was made by the country's economics minister enough to be bennett he went on to say that if in five years a nuclear suitcase detonates in either new york or madrid that will be as a direct result of the deal that was signed today in geneva again economics minister astray saying that israel will not be committed by a deal that threatens its existence we've also heard from the former head of the

mossad tom he says that if a final deal is anything like this deal then we are in trouble and that is a quote to later today we are expecting the american president barack obama to telephone the israeli prime minister benjamin netanyahu to try and some of netanyahu is concerns we also understand that there will be delegations of high ranking diplomats making their way to israel to try and explain what went on behind the scenes and outline the way forward but certainly the criticism. we've been hearing coming from israeli quarters is indeed fists it was also criticism internally being leveled at the israeli prime minister netanyahu there was an entire ranking government official who has accused netanyahu of learning israel's relationship with the americans while at the same time not doing anything to prevent this deal from going forward or changing any of its causes israel certainly has shown that it is true that isolated and sidelined by the international

community and this is a comment that was recently by the country's finance minister who said that israel had a very bad choice here it was a choice between the plague and the cholera with yellow paint saying that israel was miffed all alone that having to explain the truth and all of its options were indeed bad and want to make the point though that at this point israeli officials have stopped short of threatening unilateral military action they say that more time is needed to assess the situation but we have heard in the past from the israeli prime minister benjamin netanyahu threatening that if such a deal is reached in geneva this will put military action back on the table. or a pause i guess so much for bringing us their reaction and opinions from israel our correspondent policy reporting live from tel aviv. well israel as we just heard is angered by the deal in iran but the u.s. will pay up as usual to pacify them and that's the idea of ryan doss a rider and co-author of why. israel has its own nuclear program they

say built in secret from technology that they stole from the united states probably the u.s. will pay them off they already gave them a half billion dollars when france next round of talks couple weeks ago so israel will get its money from the united states as they always do they'll be pacified like that the u.s. is not going to give up on this peace deal we've got a basic old war with iran says nine hundred seventy nine and this is a major step forward and we have everybody on board yes the they're not enriching to twenty percent of that is not going to do with the scare of a nuclear weapon here that was probably more of the french you don't want to compete with the market for medical isotopes but there's been a lot of negotiation and a lot of time put in this and they're not going to throw it all away because the israelis are having a fit. well if not take a look at the long and winding road to the historic deal iran's nuclear program

started in the nine hundred fifty s. with the help of the u.s. but it is in the late twentieth century that tensions started really to heat up around its atomic ambitions back in nineteen ninety six the u.s. firmly moved down the track of sanctions lambaste into iran after alleging its nuclear program was for military purposes well that's also when talks started but they reached deadlock in two thousand and five and iran's president at the time of the job resume uranium enrichment the u.n. were quick to respond he data mislead green on their own set of sanctions a year later this though failed to convince iran to drop its nuclear program on the contrary in two thousand and ten it increased the level of uranium enrichment to twenty percent and that was widely seen as a significant step towards arms production of the movie legibly trigger the assassinations of four or a nuclear scientist with israel's mossad suspected of involvement and finally in june this year iran elected hassan rouhani as its new president something many see

as a game changer in iran's relation with the west. well you know what you are going to live from moscow more and live in l.a. and interviews with our correspondents will be coming your way at the top of the hour up next though katie pilbeam takes on the top business headlines in venture capital dissing with us. there's now an all new form of humanitarian aid for the twenty first century created by members of the occupy movement this is nothing to do with hunger or homelessness what a different key problem in the so-called first world debt the rolling jubilee project has already bought around fifteen million dollars in personal debt for americans around the country most of the financial obligations that they bought

were for medical bills and now the people who had to pay these bills are free from their burdens the group claims that the secondary debt market is very cheap and that they were able to buy the nearly fifteen million dollars in debt for only four hundred thousand dollars the secondary market exists because banks try to sell consistently unpaid debt to third parties for less than a nickel on the dollar right now i would be begging the rolling jubilee project to get rid of my college loans but alas this is always purchased anonymously so it's all pure luck who gets their debt purchased the important thing about this project is that they're actually doing something against an evil system instead of just blogging about it and although fifteen million dollars is a time a need to drop in the bucket it may have really saved the financial lives of many americans but that's just my opinion.

thank you cut out there was no trace of her this week the but the current thanks to the reality state also got this thanks to the fact of the. year. the southeast is making its way to the south they are hoping these to come to j.p. morgan by the summer thank you but going to reached an all time high this week of a nine hundred dollars now that is paid if you have invested one thousand dollars a year ago and cashed in on that day you would have made over seventy six thousand dollars and the reason behind the huge gains were largely put down to us lawmakers hearing that virtual cars is all a legitimate financial service job especially showing in congress with the same benefits and risks as our online payment systems another reason behind it quite as

late as gains as it's growing popularity in china now about a third of the world's big corn transactions now flow through the china exchange bt say so are now joined by the really here's the heads of the exchange ok bobby what i want to know is why is the big corn so popular inside because it has been quite popular in china over the past few months due to come in you should know where miss china because it is a nation of savers people tend to see for the rainy day and we want to you know when they see the heart where they are when they see their hard earned income they want to put the money to good use of the need to buy real estate either buy gold to buy stocks put in long term deposits in the bank and the big corners come up as i know that yet another way for them to to invest that money why is the bit coy so volatile because this way.