A White House fact sheet detailed the benefits to Iran in return for abiding by the steps agreed in today's deal:
- Potential access to $1.5 billion in revenue from trade in gold and precious metals
- Suspension of some sanctions on auto sector and its petrochemical exports
- Purchases of Iranian oil to remain at their currently significantly reduced levels
- Safety-related repairs and inspections to be licensed inside Iran for certain Iranian airlines
- No new nuclear-related sanctions to be imposed for six months
- Allow $400 million in governmental tuition assistance to be transferred from restricted Iranian funds to educational institutions in third countries to defray tuition costs of Iranian students.
When you consider the diplomatic mountain the US and Iran have already scaled, you get a daunting sense of the challenge ahead.
The deal between Iran and world powers looks like a breakthrough, but with six months of wrangling over details ahead, it could still fail.
The nuclear agreement between Western powers and Iran was broadly welcomed by politicians, former world leaders and Middle East experts.