Breakthrough deal at Iran and P5+1 nuclear talks
A key breakthrough deal has been clinched at Iran and P5+1 group of nations negotiations aimed to curb Iran’s nuclear programme in exchange for limited sanctions relief. The Chief Negotiator for the P5+1 nations, Catherine Marie Ashton and Iranian Foreign Minister Mohammad Jawad Zarief inked the deal to this effect at UN Headquarters in Geneva. The interim agreement for 6 months is intended to provide time and space to the international community to work out a comprehensive agreement.
What are the key features of the deal?
- Iran will stop enriching uranium beyond 5%, the level at which it can be used for weapons research, and cut its stockpile of uranium enriched beyond this point.
- Iran will provide greater access to inspectors including daily access at Natanz and Fordo nuclear sites.
- In return, there will be no new nuclear-related sanctions for 6 months.
- Sanctions relief worth about $7 billion on sectors including precious metals.