Tuesday, November 12, 2024
Tuesday, November 12, 2024
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How Will the Iran Deal Work? – Explainer

Lahav Harkov

Jerusalem Post, Aug. 28, 2022

“In 2030, the Iran deal expires entirely, without limits on uranium enrichment, on stockpiling, heavy water reactors, or plutonium.”

After months of hibernation, Iran nuclear talks woke up again last month, when the European Union presented what it said was the final draft of the deal on July 21. Since then, Iran submitted its response, continuing to make demands on the sanctions relief and guarantees front, which American diplomats and Israeli sources say Washington did not accept.

However, the sides agree on most of the overall deal based on the July 21 draft.

The EU text describes the implementation in four steps.

The four steps

On “day zero,” the day on which the deal would be signed, the Joint Commission founded when the Joint Comprehensive Plan of Action, as the Iran nuclear deal is known, was formed in 2015, would convene without the US, which would only be able to join the commission 165 days later.

By that time, Iran and the West are supposed to reach an additional deal to free Western prisoners in exchange for freeing Iranian funds.

That day, US President Joe Biden would rescind three executive orders pertaining to Iran, as well as secondary sanctions on 17 banks, which would free over $7 billion belonging to Iran from South Korean banks. ... source

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