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WASHINGTON – Iran has agreed to terms of an initial bargain set by world powers in the hopes of pausing a standoff with the United States and Europe over its nuclear program.
Iran will get access to $4.2 billion in foreign exchange as part of the agreement, a Western diplomat said on Sunday. The diplomat provided no further details of the agreement
Iran’s decision on Sunday to comply with the deal — characterized in recent days by the Israeli government as “very, very bad” — was hailed in Geneva, Switzerland, as the “first step” toward a peaceful solution to the decade-old crisis.
“We have reached an agreement,” Iranian Foreign Minister Mohammad Javad Zarif announced on his Twitter feed. French Foreign Minister Laurent Fabius also confirmed the deal.
Germany and the five permanent members of the United Nations Security Council — the United States, United Kingdom, France, Russia and China — announced the interim agreement after the chief diplomat of each nation descended on Geneva, where talks were in their third round since October, in order to secure the deal.
If previous reports of the proposal are any indication, the “first step ” imposes a limit on Iran’s enrichment capabilities and on existing stockpiles of uranium, effectively halting parts of the program that are most worrisome to the international community. The deal specifically addresses the enrichment of uranium to weapons-grade quality, spun in centrifuges to such a degree that the material has no practical civilian purpose
In exchange for these concessions from Tehran, world powers have said they would provide the Islamic Republic with sanctions relief valued up to $10 billion. The sanctions adjustments would also be “limited and reversible,” said the US government.
The agreement will be in effect for six months, during which time the P5+1 powers will attempt to forge a conclusive, final-status agreement that will end the nuclear impasse.
French Foreign Minister Laurent Fabius and US Secretary of State John Kerry were keen on establishing clear enforcement and verification procedures in the language of the deal.
Those procedures and mechanisms, according to US sources, were key in delineating between a “good deal” and a “bad” one to Western negotiators.
The US government has said its goal is to “put time on the clock” in order to stave off military conflict between itself, and its allies, and the Iranian government.
US officials have characterized an alternative strategy popular on Capitol Hill — not to strike an interim deal with Iran, but rather to sanction its government even further — as equivalent to ordering a march to war.
Return of the 12th Imam • ©2011 Iran by 1tommypeters1
GENEVA — Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.
The agreement, sealed at a 3 a.m. signing ceremony in Geneva’s Palace of Nations, requires Iran to halt or scale back parts of its nuclear infrastructure, the first such pause in more than a decade.
Iranian Foreign Minister Mohammad Javad Zarif hailed the deal, which was reached after four days of hard bargaining, including an eleventh-hour intervention by Secretary of State John F. Kerry and foreign ministers from Europe, Russia and China.
“It is important that we all of us see the opportunity to end an unnecessary crisis and open new horizons based on respect, based on the rights of the Iranian people and removing any doubts about the exclusively peaceful nature of Iran’s nuclear program,” Zarif told reporters in English. “This is a process of attempting to restore confidence.”
The deal, intended as a first step toward a more comprehensive nuclear pact to be completed in six months, freezes or reverses progress at all of Iran’s major nuclear facilities, according to Western officials familiar with the details. It halts the installation of new centrifuges used to enrich uranium and caps the amount and type of enriched uranium that Iran is allowed to produce.
Iran also agreed to halt work on key components of a heavy-water reactor that could someday provide Iran with a source of plutonium. In addition, Iran accepted a dramatic increase in oversight, including daily monitoring by international nuclear inspectors, the officials said.
The concessions not only halt Iran’s nuclear advances but also make it virtually impossible for Tehran to build a nuclear weapon without being detected, the officials said. In return, Iran will receive modest relief of trade sanctions and access to some of its frozen currency accounts overseas, concessions said to be valued at less than $7 billion over the six-month term of the deal. The sanctions would be reinstated if Iran violates the agreement’s terms.
The Associated Press reported that hours after the accord was reached, Iran’s President Hassan Rouhani said the deal recognizes Tehran’s “rights” to maintain an atomic program.
Rouhani on Sunday repeated Iran’s claim that it would “never” seek atomic weapons.
His reference to “nuclear rights” in a nationally broadcast speech touches on the country’s demand to keep its uranium enrichment program.
In an address from the White House after the deal was announced, President Obama praised the negotiators’ work. “Today, that diplomacy opened up a new path toward a world that is more secure — a future in which we can verify that Iran’s nuclear program is peaceful and that it cannot build a nuclear weapon,” he said. “While today’s announcement is just a first step, it achieves a great deal. For the first time in nearly a decade, we have halted the progress of the Iranian nuclear program, and key parts of the program will be rolled back.”
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