Main points in the Iran nuclear deal, according to US

Main points in the Iran nuclear deal, according to US
EU foreign policy chief Catherine Ashton (L) and Iranian Foreign Minister Mohammad Javad Zarif arrive for a statement on early November 24, 2013 in Geneva.

WASHINGTON - These are the main points in the nuclear deal signed Saturday between the P5+1 world powers - Britain, China, France, Germany, Russia and the United States - and Iran, according to the White House.

The allies have imposed economic sanctions to pressure Iran into halting what Washington fears is a plan to develop a nuclear arsenal and tip the balance of power in the Middle East.

Saturday's deal loosens some of these sanctions in return for Iran scaling back its nuclear programme and opening it up to more outside scrutiny for six months, while a "comprehensive solution" is negotiated.

"With respect to the comprehensive solution, nothing is agreed until everything is agreed," the White House said.

"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."

Main points

* Iran has agreed to halt all uranium "enrichment above five per cent and dismantle the technical connections required to enrich above five per cent." * Iran has committed to neutralize its stockpile of uranium enriched to near 20 per cent by diluting it.

* Iran will build no new enrichment centrifuges for uranium, and halt progress towards commissioning a reactor at its Arak plant that would produce plutonium.

* Iran will "not construct a facility capable of reprocessing. Without reprocessing, Iran cannot separate plutonium from spent fuel." * Iran will allow daily site inspections by experts from the UN nuclear watchdog IAEA and hand over information about the design of its Arak reactor.

* The P5+1 powers will establish a "joint commission" to work with the IAEA and monitor implementation of the agreement, "including the possible military dimension of Iran's nuclear programme and Iran's activities at Parchin."

* In return, the P5+1 will "provide limited, temporary, targeted, and reversible" sanctions relief totalling around $7 billion.

* The world powers will not impose any new nuclear-related sanctions for six months if Iran holds up its end of the deal.

* They will suspend "certain sanctions on gold and precious metals, Iran's auto sector, and Iran's petrochemical exports, potentially providing Iran approximately $1.5 billion in revenue," and "license safety-related repairs and inspections inside Iran for certain Iranian airlines."

* Some $4.2 billion dollars from sanctioned Iranian oil sales will be transferred over the six months.

* Most US trade and financial sanctions will remain in effect, as will all UN Security Council sanctions.

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