1. Iran’s nuclear capabilities will be preserved in their present state. Tehran has already pocketed respect for its right to enrich uranium and keep back in the country all accumulated stocks, including the quantities enriched to the 20 percent level (a short hop to weaponised grade).
2. Tehran accepts a cap on the number of centrifuges enriching uranium at the Natanz facility. The exact number has not been decided.
The number of machines for enriching uranium to 5 percent is still at issue. There are no restrictions on centrifuges generating a lower level of purity.
Discussions on this point have not been finalized, since Washington wants to limit the number of advanced IR2 and IR1 centrifuges in operation and Tehran is holding out against this,
3. Iran will sign the Additional Protocol of the Nuclear Non-Proliferation Treaty-NPT, which allows International Atomic Energy Agency inspectors to make unannounced visits outside declared nuclear sites, when they are suspected of carrying out banned operations.
It will also allow the IAEA to install cameras in the chambers where the centrifuges are spinning and not just the areas where the enriched uranium is deposited.
Here too, it is not clear whether Tehran will also stipulated that Israel sign the same article and permit inspections of its reputed nuclear sites.
4. The US and European Union will gradually lift all sanctions.
The linkage President Obama made between the Iranian and Palestinian negotiating tracks is puzzling:
Does it imply that the more land Israel gives up on the West Bank for a Palestinian state, the more heavily he will lean on Iran to give up its nuclear weapons program?
Was the president suggesting that if Israel is ready to evacuate settlements and reach a land swap deal with the Palestinians, he will be all the more ready to use force to preempt a nuclear-armed Iran?
If that is the president’s thinking, he is giving the Palestinian leader Mahmoud Abbas, by accepting or rejecting the extent of Israeli concessions, the power to determine the endgame of US nuclear negotiations with Iran.
Does that make sense?