Road to Iran Nuclear Deal
Iran and P5+1 countries have been putting in more effort to fructify the interim Nuclear deal reached between them in November 2013.The major highlights of the interim deal are as follows:
- Iran must stop producing enriched Uranium up to 20%
- It shall dilute all the present stockpile to the same level
- It shall put Arak nuclear facility open for inspection by IAEA
- Shall not commission or fuel the Arak heavy water reactor
- Shall limit the production of centrifuges to repair purpose only.
- US and associated countries shall not impose nuclear related restrictions if Iran meets its commitments of the deal.
- P5+1 will transfer $4.2 billion of oil revenues to Iran which was withheld by P5+1
- P5+1 will allow Iran for importing goods and services for automobile manufacturing plants.
- West shall allow Iran to acquire spare parts and services for it’s airlines
Till now 3 rounds of talks took place between Iran and P5+1 to hammer out a permanent deal in the coming months. The next rounds of talks are scheduled in the month of March. As the recent meeting between Iran and P5+1 ended on a positive note, it seems there could be a final deal on the issue.
Although Iran has been open about the deal, geopolitical players such as Israel and Saudi Arabia are sceptical about the deal as both countries see Iran as a threat to their peaceful existence.
It is interesting to know that US helped Iran to start the Nuclear programme way back in 1967 and imposed sanctions in 1980s because of animosity between US and Khomeini regime. It is in the interest of all stakeholders in particular and world in general, the final deal should be reached as early as possible.
- Iran Nuclear Deal
- P5+1 Grouping