BERLIN (AP) — A temporary agreement with Iran to allow United Nations inspectors continued access to the country's atomic facilities lays the groundwork for the return to full verification measures if and when Tehran allows it, the head of the International Atomic Energy Agency said Monday.
Iran began restricting international inspections last week, but under a last-minute deal worked out during a trip to Tehran by Rafael Grossi, the head of the Vienna-based U.N. atomic watchdog, some access was preserved.
Under the agreement, Iran will no longer share surveillance footage of its nuclear facilities with the IAEA but it has promised to preserve the tapes for three months. It will then hand them over to the IAEA if it is granted sanctions relief. Otherwise, Iran has vowed to erase the tapes, narrowing the window for a diplomatic breakthrough.
Inspections are a critical part of the landmark 2015 nuclear deal with world powers, known as the Joint Comprehensive Plan of Action, or JCPOA.
Since President Donald Trump pulled the U.S. unilaterally out of the deal in 2018, Iran has been slowly increasing its violation of the pact by enriching more uranium than allowed, and to a greater purity than allowed, among other things.
The violations have been intended to put pressure on the other signatories to the deal — Britain, France, Germany, Russia and China — to come up with ways to offset the economic devastation caused by American sanctions, but so far they have not been able to come up with a solution suitable to Iran.
U.S. President Joe Biden has said he is ready to join talks with Iran and world powers to discuss a return to the deal. The new restrictions on inspections complicate matters, and, in effect, set the clock ticking on coming up with some sort of a resolution.
Grossi told member nations that more than just allowing sufficient inspections to continue, the access agreed under the “temporary bilateral technical understanding” he reached with Iran provides his teams with the continuity necessary to resume full inspections later if there is a new agreement.
“I want to emphasize that it is a temporary technical understanding and that it is compatible with Iranian law,” Grossi said, according to prepared remarks provided by the IAEA, “It is to enable the Agency to resume its full verification and monitoring of Iran’s nuclear-related commitments under the JCPOA if and when Iran resumes its implementation of those commitments.”
Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?7 Infrastructure Stocks That May Help Rebuild America
Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.
With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.
Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.
Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.
However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.
View the "7 Infrastructure Stocks That May Help Rebuild America"