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Israel and its regional rival Iran have agreed to a historic nuclear deal in which Tehran would agree to curtail its nuclear program in exchange for billions of dollars in relief from crippling sanctions.
Israel and the U.S. are to provide the relief as part of a framework deal.
The two countries have also agreed to refrain from deploying advanced military hardware, including nuclear-capable bombers.
Israel has vowed to continue its settlement activity in the occupied West Bank and East Jerusalem, including East Jerusalem’s Old City, despite President Donald Trump’s decision to recognize the city as Israel’s capital.
The agreement was negotiated by Israeli Prime Minister Benjamin Netanyahu and his Iranian counterpart Hassan Rouhani, in exchange, they said, for an easing of U.N. Security Council resolutions that impose economic sanctions on Israel.
The U.K.-based Jewish Agency for Israel (JTA) welcomed the deal, saying it would bring “the two nations closer together and strengthen our shared efforts against terrorism.”
Israel and Tehran had been negotiating a deal on an Iran nuclear weapon for over a decade, but the U,S.
and its allies have been stalling in the face of Iranian hardliners, including President Hassan Rouhani.
“It is good news that the U-turn by the U [Trump] has been reversed,” said a statement by JTA.
“The agreement has been reached in a spirit of transparency and is a step forward for peace and security in the Middle East.”
The U, U.KS and EU have imposed sanctions on Iran, including restrictions on oil exports, but Iran has continued to expand its enrichment program.
Iran says it is not seeking a nuclear weapon and insists it is pursuing peaceful energy projects.
But the agreement would bring the world closer together to prevent Iran from obtaining a nuclear bomb, which could then be used to produce weapons of mass destruction.
The deal is a historic moment for Israel and has sparked outrage from Iran.
“This agreement is an historic step towards peace and reconciliation between our two countries,” said Iranian Foreign Minister Mohammad Javad Zarif in a statement.
The agreement also provides $500 million in humanitarian aid to the Palestinians and $250 million in relief for the Jewish state. “
We urge the international community to take concrete steps in this regard and to support Israel in this effort.”
The agreement also provides $500 million in humanitarian aid to the Palestinians and $250 million in relief for the Jewish state.
The Jewish Agency said the money would be given in the form of a loan and would be used for food and medical aid to help millions of Palestinians in need.