Iran and world powers reached a framework agreement on Thursday on curbing Iran’s nuclear programme for at least a decade, a step towards a final pact that could end 12 years of brinkmanship, threats and confrontation.
The tentative agreement, after eight days of marathon talks in Switzerland, clears the way for negotiations on a settlement aimed at allaying Western fears that Iran was seeking to build an atomic bomb and in return lift economic sanctions on the Islamic Republic.
Here are the 5 things Iran promised US to give up according to the initial agreement:
1. Tehran will go from having 19,000 centrifuges installed today to 6,104 installed under future accord.
2. Iran has agreed to not enrich uranium over 3.67 per cent for at least 15 years.
3. Iran agrees to reduce current stockpile of some 10,000 kg of low-enriched uranium to 300 kg of 3.67 per cent low-enriched uranium for 15 years.
4. Iran agrees that all excess centrifuges and enrichment infrastructure to be placed in IAEA-monitored storage, will used only as replacements.
5. Iran has agreed to not build any new facilities for the purpose of enriching uranium for 15 years Robust inspections of Iran’s uranium supply chain will last for 25 years.
6. Only 5,060 of Iran’s permitted installed centrifuges will be enriching uranium for 10 years.
** Source: US fact sheet