The Washington Post reports:
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.
This is a very good thing. A failure to get a deal would have probably meant that sooner or later either the US or Israel would strike against Iranian nuclear facilities, and that would cause even greater regional instability.
This isn’t a deal to solve all issues between the US and Iran, or even the nuclear issue. But it is a good step in the right direction.
It is also a victory for the sanctions. They hurt Iran enough, that they were willing to do a deal.
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 last part may be the most important.
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.
Again, this is a good deal and a win-win. The new Iranian President gets sanctions relaxed and makes it harder for the hardliners to undermine him. And Obama gets a foreign policy victory when he really needs some good news.