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Key points of the six-month “interim” deal on Iran’s nuclear program between the P5+1 (France, Britain, China, Russia, the United States and Germany) and Iran.
--Iran will stop enriching uranium beyond 5%, and “neutralize” its stockpile of uranium enriched beyond this point.
--The entire stockpile of 20% enriched material is to be diluted or converted to a form not suitable for further enrichment. The 20% enriched uranium is the feedstock that Iran could use to “dash” towards weapons grade material. [“Breakout”]
--No more centrifuges are to be installed, and large numbers of the existing banks of centrifuges are to be left inoperable.
--Iran’s stockpile of 3.5% enriched uranium is to remain the same between now and the end of the six-month period. So any excess material will have to be converted to oxide form.
--Iran will give greater access to inspectors including daily access at the Natanz and Fordo nuclear sites.
--There will be no further development of the Arak plant which it is believed could produce plutonium.
--In return, there will be no new nuclear-related sanctions for six months if Iran sticks by the accord.
--Iran will also receive sanctions relief worth about $7 billion on sectors including precious metals and from Iranian oil sales that will be allowed to be transferred to Iran ($4.2 billion of the $7 billion).
Israeli Prime Minister Benjamin Netanyahu told his cabinet the deal is a “historic mistake.”
“We cannot and will not allow a regime that calls for the destruction of Israel to obtain the means to achieve this goal. Israel has many friends and allies, but when they’re mistaken, it’s my duty to speak out.”
I will have much more in my “Week in Review” columns.
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