YEREVAN. – First we need to see precisely where the agreement that was reached between Iran and the six powers in Vienna leads, Co-Chair of the OSCE Minsk Group James Warlick said commenting on the possible impact of Iran deal on the Karabakh settlement.

“We would like to see the entire region be at peace, democratic and prosperous. That applies to all of Armenia's neighbors,” James Warlick said in Yerevan on Monday.

In line with the agreement reached in Vienna on July 14, Iran is supposed to drastically reduce the stock of low-enriched uranium, as well as dismantle some key nuclear facilities, such as heavy water reactor in Arak and Fordow underground enrichment plant.

In return, the EU and the U.S. will lift oil embargo and other trading limitations, as well as will allow Iran to access to Swift electronic banking system.