CARPING is easy. The interim deal between Iran and six 
world powers hammered out in the small hours of November 24th to curb 
the former’s nuclear programme is a long way from perfect, but it meets 
two key tests. The first is that it will extend Iran’s so-called 
“critical capability”—the time needed for it to produce one or several 
nuclear devices following a decision to weaponise—by many months 
compared with the trajectory it was on before the agreement. Secondly, 
it forms the basis for a more permanent solution to the decades-long 
problem of Iran’s nuclear activities to be reached over the next six 
months. Moreover it has done so without giving too much away, either in 
the form of premature relaxation of the sanctions regime that has 
brought Iran to the negotiating table or by conceding its claim to an 
“inalienable right” to enrich uranium.
Under the 
terms of the deal, Iran has agreed to halt all enrichment above 5%, the 
level consistent with producing fuel for civil purposes, and to 
neutralise its entire stockpile of 20%-enriched uranium, which is just a
 few short steps from potential conversion to weapons-grade uranium. To 
that end its 20% stockpile will either be diluted back down to 5% or 
converted into fuel rods from which re-conversion is impossible. 
Presumably, this will be done under supervision by inspectors of the 
International Atomic Energy Agency (IAEA), the UN’s nuclear watchdog. 
The
 second part of the agreement essentially freezes Iran’s fast-growing 
uranium-enrichment capability at its current levels, just before it was 
about to take a substantial leap forward. It will not install additional
 centrifuges of any type, nor install or use any of its more advanced 
next-generation centrifuges, which can enrich up to five times faster 
than the existing type. It will also leave inoperable roughly half of 
the installed centrifuges at Natanz, its main enrichment facility, and 
three-quarters of the installed centrifuges at Fordow, a smaller site 
buried deep under a mountain. That means Iran can only use about half of
 the 18,000 centrifuges it currently possesses. Furthermore, Iran will 
alter the configuration of some its centrifuges that enable them to spin
 up to higher levels of enrichment. By the end of the six-month period, 
Iran has agreed that its stockpile (currently about 9,000kg) of 
low-enriched 3.5% uranium will be no higher than it is now. Any newly 
enriched uranium will be converted to oxide.
Much of 
this had already been agreed at an earlier meeting two weeks ago. But 
this deal goes quite a bit further in restraining Iran’s possible 
plutonium route to a bomb—the heavy-water reactor that is under 
construction at Arak. Under the previous agreement, Iran merely 
committed not to begin fuelling the reactor up. It was the inadequacy of
 this that led to the French démarche that scuppered the last 
bid for a deal. The French (rightly) believe that all work on Arak 
should cease because once it is commissioned it cannot be attacked 
militarily due to the spread of radiation that would result. The new 
agreement goes significantly further than the previous one, although not
 quite as far as the French would like: production of fuel for the 
reactor is to be halted; there will be no additional testing of fuel; 
there will be no transfer of fuel and heavy water to the reactor site 
and no construction of a reprocessing facility without which plutonium 
cannot be separated from spent fuel. Under the terms of an eventual 
deal, Iran will almost certainly have to agree to convert Arak into a 
light-water reactor which would not pose the same threat.
The
 final aspect of Iran’s undertakings includes allowing much more 
intrusive inspections by the IAEA, including daily monitoring of the 
main enrichment facilities (with 24-hour camera surveillance) and access
 to Iranian scientists with the aim of establishing that there is no 
further (clandestine) facility. It also looks as if inspectors may at 
long last get some access to the Parchin military base near Tehran where
 Iran has long been suspected of having conducted tests for detonating a
 nuclear weapon. 
In return for taking these steps, 
Iran will get what is being called “limited, temporary, reversible” 
relief from sanctions. The value of the relief package is estimated to 
be about $7 billion over the six months of the interim agreement. It 
includes giving Iran access to about $3.6 billion of its foreign 
currency holdings that are frozen in overseas bank accounts and some 
easing of restrictions on Iran’s trade in petrochemical products, 
precious metals and parts for aircraft and cars. The main sanctions on 
oil and banking that are crippling Iran’s economy remain firmly in place
 pending a final agreement that imposes more sweeping and permanent 
curbs on its nuclear programme.
Inevitably, Israel’s prime 
minister, Binyamin Netanyahu, has condemned this as a “bad deal”, while 
his unlikely ally, Saudi Arabia, talks darkly of a “plan B” (acquiring 
nuclear weapons of its own) if America fails to roll back the Iranian 
nuclear programme. There are also predictable rumblings of scepticism 
from American Congressional leaders who are still contemplating (much 
against the wishes of the White House) a further tightening of 
sanctions. On Barack Obama’s side, however, is recent polling evidence 
that the proportion of Americans who would support a deal with Iran is 
around twice the number who back military action against its nuclear 
facilities. 
The deal struck this weekend is not yet even 
the beginning of the end of the danger to the world posed by the 
possible (actually probable) military dimensions of Iran’s nuclear 
activities. It is a modest first step and there is still an awful lot 
that could go wrong: in particular, there are irreconcilables on all 
sides who might prefer that it did. Nor can Iran ever be fully defanged 
unless and until its leaders believe that it is in their best interests 
for that to happen—and that is still a long way off. But compared with 
the situation just a few months ago, what happened in Geneva is 
extraordinary and does properly deserve to be described as “historic”. 
 
 
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