Sunday, January 12, 2014

New Terms in Iran Nuclear Deal; Go into Effect on 1/20/2014.

This morning it was announced that the State of Iran and six world powers, including the United States, agreed to the terms on the nuclear deal recently struck. Because of this agreement, the new deal will come into effect on January 20th. While the prospect of a deal is welcomed, new efforts at home have caused unrest and could jeopardize the historic agreement- currently the Obama administration continues to battle a bipartisan effort in the Senate for new and more severe U.S. sanctions, which it claims could jeopardize the pact. President Obama issued a statement in regards to the efforts to further punish Iran:

"Unprecedented sanctions and tough diplomacy helped to bring Iran to the negotiating table, and I'm grateful to our partners in Congress who share our goal of preventing Iran from acquiring a nuclear weapon," he said. "Imposing additional sanctions now will only risk derailing our efforts to resolve this issue peacefully, and I will veto any legislation enacting new sanctions during the negotiation."

Under the terms of the six-month agreement, Iran will begin to rein in its nuclear program, while the United States and other signatories will ease restrictions. The new deal also grants inspectors access to Iran's two largest nuclear facilities. Because of this agreement, Iran will be allowed to access frozen funds. On or around February 1st, Iran will receive $550 million from blocked overseas funds.

William B. Robinson (PSC 222)

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