On 24 November 2013, negotiators reached an interim deal after intensive talks in Geneva. It marked the biggest breakthrough in about a decade of on-off meetings.
Iran agreed to curb its enrichment activities in return for an easing of some sanctions. This "first step" agreement will apply for six months, giving time for a "comprehensive solution" to the crisis to be found.
Under the interim deal, Iran agreed to halt uranium enrichment above the level of 5% purity, reduce its existing stockpile of medium-enriched uranium, not increase the number of centrifuges (used to purify uranium), suspend work at its reactor at Arak (currently under construction), and give UN inspectors more information and greater access to enrichment facilities.
In return, the world powers agreed to "limited, temporary... reversible" sanctions relief. This includes allowing Iran to trade in gold and precious metals, suspending some sanctions on its motor industry, permitting petrochemical exports and giving Iran access to $4.2bn from oil sales. The US says the measures could be worth $7bn in revenue to Iran. They also agreed not to impose any new nuclear-related sanctions for six months.
Critically for Iran, its chief negotiator Foreign Minister Mohammad Javad Zarif said Iran had not given up its right to enrich uranium - one of the sticking points which had held up a deal. The US however denied any such right had been conceded.
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