VIENNA: Iran and six major powers have reached the historic nuclear deal, International media reported on Tuesday.
The agreement would likely see some approval on Tehran removed in exchange for restrictions to its nuclear program.
Oil prices came under pressure following the news, with Brent crude trading down 1.7 percent at $57.85 a barrel at 7:30 a.m. London time.
Iran and the major powers have been negotiating for more than two weeks in Vienna in an effort to strike a deal under which Tehran.
If #IranDeal, victory of diplomacy and mutual respect over outdated paradigm of exclusion and coercion. And this will be good beginning.
— Hassan Rouhani (@HassanRouhani) July 13, 2015
