Months of intense negotiations have resulted in an historic agreement with Iran that signals a “game-changing rapprochement that would reduce the risk of a wider Middle East war“. Iran has agreed to place strict limits on their nuclear activities and submit to increased inspections. In return, the US — along with France, Germany, Britain, China, and Russia — have agreed to reduce sanctions on Iran that have isolated the country.
It is interesting to see the response to this agreement, which seems to be largely published on twitter of all places.
So, did Obama finally earn his Nobel Peace Prize?
UPDATE: Whatever you may think of this agreement, it has caused oil prices to fall. And the market likes it — companies dependent on fuel prices (airlines and other travel firms) saw their stock prices rise as a result.