U.S. led negotiations between Iran and six world powers have concluded with a final, historic agreement that will temporarily cut off Iran’s pathway to making a nuclear bomb in exchange for the relief of crippling economic sanctions levied by the U.S. and United Nations.
Iran has agreed to significantly reduce its stockpile of enriched nuclear material and cease further enrichment, effectively extending the time it would take Iran to build a bomb from a few months to one year, over to 10 years. Upon verification that Iran is keeping its commitments to dismantle much of its nuclear program, major economic sanctions will be lifted, effectively releasing more than $100 billion in frozen Iranian assets. That undetermined point in time is now known as “implementation day.”
Negotiators also agreed that a long-standing arms embargo on Iran would be lifted over time, one of the major sticking points in the talks and a decision that will be seen as a major concession by the United States. The nuclear accord states that five years from now Iran will be able to buy and sell conventional arms on the international market, and in eight years it will be allowed to do the same with ballistic missiles.
CLICK HERE to read story