An outline agreement on the future shape of Iran's nuclear programme has been reached after marathon talks with six major powers in Switzerland.
Under the deal, Iran will reduce its uranium enrichment capacity in exchange for phased sanctions relief.
US President Barack Obama said a "historic understanding" had been reached with Iran. The world powers and Iran now aim to draft a comprehensive nuclear accord by 30 June. The framework agreement was announced by the European Union and Iran after eight days of negotiations in Lausanne.
The talks between the so-called P5+1 - the US, UK, France, China and Russia plus Germany - and Iran at Lausanne's Beau-Rivage Palace hotel continued beyond the original self-imposed deadline of 31 March.]
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| After a missed deadline and two exhausting nights of negotiations Iran and the six world powers presented their framework as a major achievement. |
The EU's top diplomat, Federica Mogherini, read out a joint statement outlining the main points, including a reduction in the number of Iran's operating centrifuges, changes to its nuclear facilities, and a promise to lift sanctions if these steps are verified.
This is an unwritten understanding, not a formal agreement, and it lays the foundation for very tough negotiations on the details.
But for now its architects are celebrating a hard won, potentially historic, achievement.
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