Breaking: Iran nuclear deal reached

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20131124-060420.jpgGeneva_ Six major powers and Iran have reached a nuclear agreement that will be signed here tonight, diplomats announced here tonight.

“We have reached agreement between E3+3 and Iran,” Michael Mann, spokesperson for European Union foreign policy chief Catherine Ashton announced on Twitter at 3AM.

“We have reached an agreement,” Iranian Foreign Ministef Mohammad Javad Zarif wrote on Twitter.

“Deal,” Iranian Deputy Foreign Minister Abbas Araghchi said by email.

Zarif and Ashton as well as US Secretary of State John Kerry and other P5+1 foreign ministers headed to the Palais des Nations to the sign the nuclear accord, at approximately 4AM.

20131124-041601.jpg President Obama was expected to give a statement from the White House on the Iran nuclear deal reached at 10:15PM ET. He was reportedly involved in the negotiations today via conference call, according to White House photographer Pete Souza (photo at right.)

The two phase agreement (see the State Department fact sheet on it, below the jump) would halt the expansion of Iran’s nuclear program for six months, during which time the parties aim to reach a comprehensive agreement.

“The fact is, if this first step leads to what is our ultimate goal, a comprehensive agreement, that will make the world safer,” Kerry said at a press conference in Geneva at 5am. “This first step actually rolls back the Iran nuclear program today, and enlarges its breakout time. It will make our partners safer, it will make our ally Israel safer.”

“The deal: halts progress of nuclear program including arak, neutralize 20 percent stockpile, intrusive inspections; has no recognition of right to enrich; sanctions still enforced,” a senior US administration official said.

It has already drawn fierce opposition from Israel and Saudi Arabia. Israel has objected to even minimal sanctions relief for concessions short of a full dismantling of Iran’s military nuclear program, including its domestic enrichment.

French Foreign Minister Laurent Fabius, who was thought to cause an upset at a previous round of nuclear talks here this month, gave journalists a thumbs up as he departed the Intercontinental Hotel tonight, where the past five days of talks have mostly taken place.

(Photo of US Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif after they and the P5+1 signed an Iran nuclear deal at the Palais des Nations In Geneva November 24, 2013. By Reuters/Denis Balibouse.)

State Department Fact Sheet: First Step Understandings Regarding the Islamic Republic of Iran’s Nuclear Program

The P5+1 (the United States, United Kingdom, Germany, France, Russia, and China, facilitated by the European Union) has been engaged in serious and substantive negotiations with Iran with the goal of reaching a verifiable diplomatic resolution that would prevent Iran from obtaining a nuclear weapon.

President Obama has been clear that achieving a peaceful resolution that prevents Iran from obtaining a nuclear weapon is in America’s national security interest. Today, the P5+1 and Iran reached a set of initial understandings that halts the progress of Iran’s nuclear program and rolls it back in key respects. These are the first meaningful limits that Iran has accepted on its nuclear program in close to a decade. The initial, six month step includes significant limits on Iran’s nuclear program and begins to address our most urgent concerns including Iran’s enrichment capabilities; its existing stockpiles of enriched uranium; the number and capabilities of its centrifuges; and its ability to produce weapons-grade plutonium using the Arak reactor. The concessions Iran has committed to make as part of this first step will also provide us with increased transparency and intrusive monitoring of its nuclear program. In the past, the concern has been expressed that Iran will use negotiations to buy time to advance their program. Taken together, these first step measures will help prevent Iran from using the cover of negotiations to continue advancing its nuclear program as we seek to negotiate a long-term, comprehensive solution that addresses all of the international community’s concerns.

In return, as part of this initial step, the P5+1 will provide limited, temporary, targeted, and reversible relief to Iran. This relief is structured so that the overwhelming majority of the sanctions regime, including the key oil, banking, and financial sanctions architecture, remains in place. The P5+1 will continue to enforce these sanctions vigorously. If Iran fails to meet its commitments, we will revoke the limited relief and impose additional sanctions on Iran.

The P5+1 and Iran also discussed the general parameters of a comprehensive solution that would constrain Iran’s nuclear program over the long term, provide verifiable assurances to the international community that Iran’s nuclear activities will be exclusively peaceful, and ensure that any attempt by Iran to pursue a nuclear weapon would be promptly detected. The set of understandings also includes an acknowledgment by Iran that it must address all United Nations Security Council resolutions – which Iran has long claimed are illegal – as well as past and present issues with Iran’s nuclear program that have been identified by the International Atomic Energy Agency (IAEA). This would include resolution of questions concerning the possible military dimension of Iran’s nuclear program, including Iran’s activities at Parchin. As part of a comprehensive solution, Iran must also come into full compliance with its obligations under the Non-Proliferation Treaty (NPT) and its obligations to the IAEA. With respect to the comprehensive solution, nothing is agreed until everything is agreed. Put simply, this first step expires in six months, and does not represent an acceptable end state to the United States or our P5+1 partners.

Halting the Progress of Iran’s Program and Rolling Back Key Elements

Iran has committed to halt enrichment above 5%:

· Halt all enrichment above 5% and dismantle the technical connections required to enrich above 5%.