“The agreement will open a new path towards Iran,” Khamoushi told IRNA, after Iran and the six world powers signed a breakthrough agreement to restraint Tehran’s nuclear program in exchange for limited sanctions relief.
Iran’s deal with the P5+1 group: Britain, China, France, Russia and the U.S. plus Germany included Tehran halting its most sensitive enrichment of uranium and stopping other aspects of its nuclear activities from expanding.
Resolving Iran’s nuclear dispute with the Western powers will “gradually help promote Iran’s trade relations with the European countries and even with the United States,” Khamoushi said.
He added: “If the confidence-building measures by both the sides properly progress, then it would also help promote Iran’s ties with the United States.”
Meanwhile, UK Foreign Secretary William Hague told reporters after the deal was signed that Iran would gain sanctions relief under the accord, The Wall Street Journal reported him as saying.
- Unfreezing Iran’s assets would affect its gold and precious metals trade, its petrochemicals sector.
- However, Washington said the nuclear deal signed will not allow any more Iranian oil into the market, or let western energy investors into the country, but it does freeze U.S. plans for deeper cuts to Iranian crude exports, Reuters reported.
It added: “Under this first step, the EU crude oil ban will remain in effect and Iran will be held to approximately 1 million bpd in sales, resulting in continuing lost sales worth an additional $4 billion per month, every month, going forward.”
Western pressure on Iran’s mainly Asian oil customers to find other suppliers has supported global oil prices over the last two years. Rising U.S. and Saudi production has helped dampen the impact of around 1.5 million barrels per day of Iranian oil being shut out.
U.S. and EU sanctions on Iran’s energy sector have prevented western energy companies from dealing with Tehran. It has slashed Iran’s oil exports from 2.5 million barrels per day (bpd) to around 1 million bpd.
Washington estimates that Iran has around $100 billion in foreign exchange earnings trapped in such accounts.
Under the terms of the deal, Iran will be allowed access to $4.2 billion of oil export revenues. But nearly $15 billion will still flow into accounts overseas over the next six months, according to the U.S. government.
“We expect the balance of Iran's money in restricted accounts overseas will actually increase, not decrease, under the terms of this deal,” the White House fact sheet said.
The U.S. government has also suspended some restrictions on gold and precious metals trade and lifted sanctions on Iran’s petrochemical exports that were imposed earlier this year.
U.S. lawmakers had planned further cuts in Iran’s oil exports but Washington has pledged not to impose new nuclear-related sanctions over the next six months, so long as Iran sticks to its side of the deal.
Less crude from Iran would increase pressure on regional rival Saudi Arabia to squeeze more out of oilfields that have already been pumping at record levels this year.
(With Reuters)
Last Update: Sunday, 24 November 2013 KSA 17:50 - GMT 14:50
.alarabiya.net
24/11/13
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Related:
Iran nuclear: Geneva talks 'reach deal'...
«Ιστορικό λάθος» χαρακτηρίζει την συμφωνία το Ισραήλ. -Μπένιαμιν Νετανιάχου.
A top Israeli Cabinet minister has criticized the international deal over Iran's nuclear program, saying it’s based on "deception."....
Οι ΗΠΑ εξετάζουν κυρώσεις αν αθετηθεί η συμφωνία για τα πυρηνικά...
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EU
US intends to seek Iran’s help in solving Syrian civil war’....
ReplyDeleteTV reports after Geneva deal include assessment Israel’s military option ‘off the table’; US official: ‘Bibi will hold his nose, but he’ll let us have 6 months’; White House still dissembling on secret talks.....http://www.timesofisrael.com/us-intends-to-seek-irans-help-in-solving-syrian-civil-war/
24/11/13
Iran hails Zarif as hero after nuclear deal ....
ReplyDeleteIran’s foreign minister and top nuclear negotiator, Mohammed Javad Zarif, received a hero’s welcome Sunday upon return to his homeland, after clinching a landmark deal with world powers on its nuclear programme. ......http://www.france24.com/en/20131125-iran-zarif-nuclear-deal-diplomacy?ns_campaign=editorial&ns_source=RSS_public&ns_mchannel=RSS&ns_fee=0&ns_linkname=20131125_iran_zarif_nuclear_deal_diplomacy
25/11/13
EU will likely lift some Iran sanctions in December: France...
ReplyDeleteFrance's foreign minister said Monday the European Union would likely lift some sanctions on Iran in December, as part of a hard-won deal that curbs Tehran's nuclear programme.
Laurent Fabius also said Israel -- which blasted Sunday's agreement as a "historic mistake" -- was not likely to launch any preventative strikes on arch-foe Iran, "because no one would understand" such a move "at this stage." World powers sealed the agreement with Iran after four days of intense negotiations in Geneva, promising to ease some crippling US and EU sanctions on the Islamic state in return for limits on an enrichment programme the West suspects was aimed at developing an atomic bomb.
Speaking on Europe 1 radio, Fabius said that EU foreign ministers would gather together in "a few weeks" to put forward a proposal to partially lift some sanctions, which the 28-member body will have to approve.
"This lifting of sanctions is limited, targeted and reversible," he said, adding that it would take place "in December".
The deal, which lasts for six months only while a more long-lasting solution is negotiated, also gives UN atomic inspectors more access to key nuclear facilities in Iran.
Tehran has agreed that it will not enrich uranium over five percent for the six-month period and will neutralise its entire stockpile of uranium enriched to 20 percent, which is close to weapons-grade and therefore an area of top concern.
In return, the EU and United States will suspend sanctions on Iran's petrochemical exports and gold and precious metals sector.
US trade restrictions on the country's auto industry will also be suspended.
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But the raft of international sanctions that have hobbled the Iranian economy remain untouched.........http://www.hurriyetdailynews.com/eu-will-likely-lift-some-iran-sanctions-in-december-france.aspx?pageID=238&nID=58477&NewsCatID=359
25/11/13
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ReplyDeleteAccording to a company representative, earlier it would have been a problem to import oil from Iran due to the strict sanctions imposed by the West. But now since the negotiations between Tehran and "six" of international mediators was a success, India can once again think of resuming oil imports from Iran, said the HPCL official.
Read more: http://indian.ruvr.ru/news/2013_11_25/India-s-HPCL-may-resume-buying-oil-from-Iran-as-sanctions-have-been-softened-5913/
25/11/13
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21/10/14