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The Fact of the Iran Deal is More Important Than its Terms

On Sunday morning in Geneva, representatives of Iran and the P5+1 (US, UK, France, China, Russia and Germany) agreed an interim agreement tailored to ensure the peaceful application of Iran’s nuclear programme. The agreement, a first step towards a more comprehensive deal in six months, states that Iran will freeze certain enrichment programmes, dilute stocks of uranium, and submit to daily inspections by the International Atomic Energy Agency. In return they will receive access to certain frozen overseas accounts, and some sanctions will be relaxed – a deal worth about $7 billion to Iran.

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