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The deal reduces the number of Iranian centrifuges by two-thirds.

Oil prices remained weak in Asian trade Thursday after sharp losses in the previous session that drove Nymex oil futures below the $50 a barrel mark-the first time it has settled below that level since April 2.

He warned of the consequences of rejecting the deal between Tehran and world powers including the United States.

Oil futures fell on Wednesday, with U.S. prices settling below a barrel for the first time since early April.

“They (Iran) already have what they want”.

“What I think you’ve actually done in these negotiations is codify a perfectly aligned pathway for Iran to get a nuclear weapon just by abiding by this agreement“, Corker said.

But Kerry, peering wearily over a pair of wire-rim glasses, encountered a tsunami of skepticism from Republicans on the Senate Foreign Relations Committee, during a marathon four-and-a-half-hour hearing. It remains unclear whether GOP critics could surmount that obstacle, but if...

Iran reportedly hoards 30 million barrels of oil in its reserves ready for export and many believe that as soon as the sanctions are lifted, crude prices could witness a huge plunge on the back of the underlying over-supply situation. The market continued to react to the...

The administration keep claiming it wasn’t trying to dismantle Iran’s nuclear program.

A trio of Obama administration officials will stand stalwart behind the Iranian nuclear deal despite deep concern on Capitol Hill that Iran will try to evade nuclear inspectors and use billions from sanctions relief to further destabilize the Middle East.

LONDON, July 21 Britain will on Friday brief businesses on how to capitalise on commercial opportunities in Iran thrown up by the lifting of sanctions and unfreezing of assets following a landmark deal with world powers over Tehran’s nuclear programme.

President Barack Obama says the deal, which swaps sanctions relief for restrictions on Iran’s nuclear program, is the best way to keep Iran from acquiring a nuclear weapon.

Zarif and his entourage returned to Tehran on Wednesday morning, a day after Iran and the West reached a historic nuclear deal.

The majority of Americans support the new agreement between major world powers and Iran regarding its controversial nuclear program.

— REIMPOSING U.N. SANCTIONS: If one of the parties to the nuclear deal, like the United States, determines that Iran is not fulfilling its commitments, it can ask for a Security Council vote on a new resolution to continue the lifting of all U.N sanctions resolutions on Iran.