After long and painful talks Iran and world powers have reached a milestone agreement that will curb Tehran's nuclear program. The pact is designed to prevent a nuclear-armed Iran. Under the deal, Iran will be prevented from producing enough nuclear material for a weapon for at least 10 years and must submit its nuclear facilities to a new round of inspections. After the agreement was announced, Obama said that if Iran "doesn't uphold its end" of the deal, the U.S. won't hesitate to renew sanctions and get even tougher with the rogue nation. On the other hand, Iranian Foreign Minister Javad Zarif called the deal "historic" in his own press conference. Iran agreed to the continuation of a U.N. arms embargo for up to five more years. But in return, the U.S. and other world powers will lift crippling sanctions on Iran, which could provide more than $100 billion in relief for the nation.