A proposition from Europe to revive the nuclear deal between the world powers and Tehran seems to be gathering support. The information about the potential deal was leaked to the media by anonymous sources, showing that all parties are in general agreement.
The nuclear deal might be resurrected shortly, as observed in moderate confidence from Iranian and American authorities. Not confronted by the other parties, Washington unilaterally renounced the agreement four years earlier.
It follows months of occasionally difficult talks that repeatedly failed to secure an outcome. Both domestic and international media sources in Iran reported information on a prospective deal. It seems that the information was gleaned from a leaked audio recording of a conversation with Iranian lead negotiator Ali Bagheri Kani.
According to the details of the deal that is yet to be officially confirmed, Iran will gain financial benefits and sanctions relief. In return Tehran restores the restrictions and inspections on its nuclear activities.
Nuclear Deal; Gifts for Iran
The nuclear deal will be reactivated in four stages over two 60-day intervals if a deal is achieved. Unverified sources state that 17 banks and over 150 Iranian institutions active in financial sector would be taken off the sanctions list the day the deal is approved. Iran will begin pulling back its nuclear advancements right away but in a step by step process.
Furthermore, South Korea will unfreeze $7 billion worth of Iranian assets. Additionally, Iran will benefit from a commitment of 30-month US sanctions removal. Regardless of whether a Republican becomes president in 2024, this translates to a sum of five and a half years’ relief for Iran. That indicates that, in response to Iran’s insistence, US President has pledged to remain in a revived agreement.
Iran has reportedly given up on its request for the Islamic Revolutionary Guard Corps, according to western media sources. The removal of the IRGC from the US “terror” list will be a topic for discussion between the two parties later.
According to unofficial sources, the nuclear deal may possibly include a provision stating that if Iran collaborates with the IAEA, parties would work to halt an ongoing investigation into evidence of man-made nuclear material discovered at numerous Iranian locations. Iran has made it clear that it wants the investigation to end.
Nuclear Deal; Restrictions
In exchange for the easing of international sanctions, the nuclear agreement places severe restrictions on Iran ‘s nuclear activity. Iran is anticipated to severely slow down its nuclear development if an agreement is achieved, moving it away from to a nuclear weapon.
Many Iranian people believe that the nation’s economic prospects will better if these sanctions are eliminated because they have seriously affected the Iranian industry. The Iranian population had high hopes for Iran’s integration into the world economy following the original signing of the nuclear deal in seven years ago.
Even if the agreement is reinstated, some of its limitations, such as those on uranium enrichment, are slated to sunset in three years. So the ambiguity may reappear.
Iran had read the final text submitted by the western parties for a week and communicated its assessment. Tehran claimed that while its expectations had not been entirely realized, if the Washington responded favorably, a deal might materialize soon.
Although Washington claims to still be in communication with the other parties, sources indicate that a response is shortly to be anticipated. It seems that signals are still being sent between Iran and the US through Qatar and Oman.
Tehran has achieved much of its requirements while the White House is under pressure for making much concessions to Iran. A unilateral withdrawal from the nuclear deal by the US backfired in less than four years.