The Trump administration has unveiled a new framework with Iran, granting immediate oil sanctions waivers while postponing the most consequential nuclear questions for future negotiations. This move is seen as a gamble, as officials acknowledge that Iran may not comply with the terms of the agreement.

Details of the Agreement

The agreement establishes a 60-day negotiating period, during which the US and Iran will work out the details of a final nuclear deal. The Treasury Department will immediately issue waivers allowing Iran to export crude oil, petroleum products, and derivatives, as well as access associated banking, insurance, and transportation services.

However, the agreement does not immediately require Iran to dismantle its nuclear program, surrender its enriched uranium stockpile, or end enrichment. Instead, the deal says the US and Iran will negotiate the disposition of Iran’s enriched uranium stockpile, with down-blending on site under International Atomic Energy Agency supervision identified as the minimum methodology.

Reactions to the Deal

Supporters of the deal, including Senator Lindsey Graham, argue that it is a necessary step towards avoiding a prolonged conflict and promoting diplomacy. However, critics argue that the deal gives up too much leverage and that Iran may not comply with its terms.

Some experts have expressed concerns that the deal could lead to a weaker nuclear agreement than the previous Joint Comprehensive Plan of Action (JCPOA). Under the JCPOA, Iran was required to sharply reduce its uranium stockpile, including by removing excess material from the country.

Original reporting: Fox News (HLL/CB) — read the source article.