Earlier today, representatives of the P5+1 governments reported that negotiators have reached an understanding with Iran regarding the framework for an agreement addressing Iran’s nuclear program. A fact sheet outlining the parameters of this understanding is available online here. A comprehensive agreement remains to be written, but according to the agreed framework such an agreement will provide for the relaxation of certain US, EU, and UN sanctions targeting Iran if it is verified that Iran is abiding by its commitments. The framework also anticipates that sanctions will be put back in place if Iran fails to abide by these commitments. Finally, the agreed framework provides that US sanctions on Iran for terrorist activities, human rights abuses, and ballistic missile concerns will not be affected by the agreement and will remain in place.
Until a comprehensive agreement is finalized and sanctions relief is implemented by relevant government agencies, parties should continue to comply with all applicable sanctions targeting Iran that are currently in force.
