Iranian President Hassan Rouhani said in a speech broadcast live on state television on Monday: "We are hopeful that the sanctions against Iran would be lifted in the next few days". Yet he must have known that such a promise carried a risk, since the island is an operational base for naval units of the hardline Iranian Revolutionary Guards. It will cap its level of uranium enrichment at 3.67 percent, well below the 90 percent level needed for bomb-grade material.

The core itself would be kept as a symbol of Iran's nuclear achievements, he added.

No only Asian, European and Russian firms are lining up, but also American giant corporations including Apple (NASDAQ:AAPL), Dutch Shell (NYSE:RDSA), General Electric (NYSE:GE), Boeing (NYSE:BA), and Schlumberger (NYSE:SLB) are waiting behind the door to reap significant economic and financial benefits from the nuclear deal.

In an account that aligns with that from Iranian officials, the senior State Department official said Kerry spoke with Zarif by phone at 1 p.m., 2 p.m., 3:15 p.m. and 10:30 p.m. Washington time.

USA version: Boats experienced some sort of mechanical failure between Kuwait and Bahrain and ended up by mistake in Iranian waters.

"The core's holes will be filled with concrete..."

The vote came as the potentially volatile incident in Iran's territorial waters was swiftly resolved.

"As we speak, Iran has rolled back its nuclear program, shipped out its uranium stockpile, and the world has avoided another war", Obama said Tuesday night.

In exchange, Iran agreed modest restraints on its nuclear program.

The IAEA declined to comment. Iran denies ever having considered developing atomic weapons.

Although there appears to be a more prosperous image of Iran's economy in 2016, corruption, inefficient banking systems, and lack of protection for worker's rights will continue to hinder the country's full potential. In Washington, the deal has come under sustained attack from majority Republicans in Congress who have accused Obama of weakness and say the Iranians are not to be trusted.

The Iran nuclear talks saw for the first time Iran and the United States engaging in serious negotiations at the highest levels after over 35 years of hostility.

United Nations restrictions on the transfer to Iran of nuclear technology for peaceful purposes will remain in place for a decade.

White House spokesman Josh Earnest told reporters en route Wednesday to Nebraska the actual implementation date of the joint nuclear agreement reached past year is up to the Iranians.

Still, it's important not to overstate any warmth between the US and Iran.

But the US has a lot at stake in calming tensions.

The removal of sanctions and unfreezing of Iranian assets is expected to give the country a much-needed injection, estimated at over $100bn. Please see our terms of service for more information.

"Everything is ready for the lifting of sanctions". Should the deal fail, sanctions could be reimposed just as Iran's nuclear work could return to unchecked development. That "will supersede the limited sanctions relief extended today", the bloc said.

If the council fails to vote on a resolution, the sanctions would be automatically re-imposed.