By JAY SOLOMON & LAURENCE NORMAN,
Nov. 24, 2013
The U.S. and five other world powers struck a historic agreement with Iran, agreeing to ease part of an economic stranglehold in exchange for steps aimed at capping Tehran’s nuclear program and ensuring the country’s Islamist government doesn’t rush to develop atomic weapons.
The agreement calls for Iran to stop its production of near-weapons grade nuclear fuel–which is uranium enriched to 20% purity–and for the removal of Tehran’s stockpile of the fissile material, which is estimated to be nearly enough to produce one nuclear bomb.
Iran, in return, will gain relief from Western economic sanctions that U.S. officials believe will provide between $6 billion and $7 billion in badly needed foreign exchange for Tehran over the next half-year.