The Washington Post reports that:
Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.
The agreement, sealed at a 3 a.m. signing ceremony in Geneva’s Palace of Nations, requires Iran to halt or scale back parts of its nuclear infrastructure, the first such pause in more than a decade...
The deal, intended as a first step toward a more comprehensive nuclear pact to be completed in six months, freezes or reverses progress at all of Iran’s major nuclear facilities, according to Western officials familiar with the details. It halts the installation of new centrifuges used to enrich uranium and caps the amount and type of enriched uranium that Iran is allowed to produce.
Iran also agreed to halt work on key components of a heavy-water reactor that could someday provide Iran with a source of plutonium. In addition, Iran accepted a dramatic increase in oversight, including daily monitoring by international nuclear inspectors, the officials said.
The concessions not only halt Iran’s nuclear advances but also make it virtually impossible for Tehran to build a nuclear weapon without being detected, the officials said. In return, Iran will receive modest relief of trade sanctions and access to some of its frozen currency accounts overseas, concessions said to be valued at less than $7 billion over the six-month term of the deal. The sanctions would be reinstated if Iran violates the agreement’s terms.
This is a tremendous and historic accomplishment. I commend President Obama and his Administration for reaching a nuclear deal with Iran. Earlier this year, Obama managed to avoid war with Syria. Syria agreed to dismantle its chemical weapons program. The brother also eliminated terrorist Osama bin Laden. On the world stage, Obama is the man right now. We might as well play the theme from Shaft.