Nuclear Deal: Iran to have access to over $100 billion when deal implemented

Highlights:

  • Iran would get access to more than $100 billion in frozen assets when the Iran nuclear agreement is implemented.
  • It depends on if Tehran has curbed its nuclear program and the U.N. nuclear watchdog has certified.
  • U.N. Security Council sanctions could be reimposed on Iran within 65 days in the event of Iranian noncompliance with the deal.
  • The accord includes a provision under which Iran can be required to provide the International Atomic Energy Agency (IAEA) with access to suspected nuclear sites, including military sites.
  • The eight-member commission includes Britain, China, France, Germany, Russia, the United States, Iran and the European Union.
  • As a result the United States, the three European nations and the EU can oblige Iran to provide such access and Tehran, Beijing and Moscow could not veto this.
  • If Iran refused to comply, the major powers could then move to "snapback" or reinstate U.N. Security Council sanctions against Iran within 65 days.