European Union officials say their sanctions could be eased as soon as December. Those restrictions affect numerous areas including trade in petrochemicals, gold and other precious metals, financial transfers to purchase food and medicine, and the ability of third countries to use EU-based firms to insure shipments of Iranian oil again.
The groundwork for the accord was laid during four clandestine meetings between U.S. and Iranian officials throughout the summer and fall. An earlier meeting took place in March, before Iranians elected President Hassan Rouhani, a cleric who has taken more moderate public stances than his predecessor. Details of the secret talks were confirmed to The Associated Press by three senior administration officials.
The U.S. and its allies contend Iran is seeking to produce a nuclear bomb — of particular concern to Israel, which fears an attack — while Tehran insists it is merely pursuing a peaceful nuclear program for energy and medical purposes.
Even with the criticism, for Obama the sudden shift to foreign policy presents an opportunity to steady his flailing second term and take some attention off the domestic troubles that have plagued the White House in recent weeks, especially the rollout of his signature health care law. Perhaps with his presidential standing — and the strength of the rest of his term — in mind, he made sure on Monday to draw a connection between the nuclear pact and his long-declared willingness to negotiate directly with Iran.
“When I first ran for president, I said it was time for a new era of American leadership in the world, one that turned the page on a decade of war and began a new era of engagement with the world,” he said. “As president and as commander in chief, I’ve done what I’ve said.”
The temporary accord is historic in its own right, marking the most substantial agreement between Iran and the West in more than three decades. The consequences of a permanent deal could be far more significant, lowering the prospects of a nuclear arms race in the volatile Middle East and perhaps opening the door to wider relations between the U.S. and Iran, which broke off diplomatic ties following the 1979 Islamic revolution.