when I first came into office. Iran had gone from having less than 200 centrifuges to having thousands of centrifuges, in some cases more advanced centrifuges. There was a program that had advanced to the point where their breakout capacity had accelerated in ways that we had been concerned about for quite some time and, as a consequence, what I said to my team and what I said to our international partners was that we are going to have to be much more serious about how we change the cost-benefit analysis for Iran.
We put in place an unprecedented regime of sanctions that has crippled Iran’s economy, cut their oil revenues by more than half, have put enormous pressure on their currency — their economy contracted by more than 5 percent last year. And it is precisely because of the international sanctions and the coalition that we were able to build internationally that the Iranian people responded by saying, we need a new direction in how we interact with the international community and how we deal with this sanctions regime. And that’s what brought President Rouhani to power. He was not necessarily the first choice of the hardliners inside of Iran.
Now, that doesn’t mean that we should trust him or anybody else inside of Iran. This is a regime that came to power swearing opposition to the United States, to Israel, and to many of the values that we hold dear. But what I’ve consistently said is even as I don’t take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically. And that is the deal that, at the first stages, we have been able to get done in Geneva, thanks to some extraordinary work by John Kerry and his counterparts in the P5-plus-1.
So let’s look at exactly what we’ve done. For the first time in over a decade, we have halted advances in the Iranian nuclear program. We have not only made sure that in Fordor and Natanz that they have to stop adding additional centrifuges, we’ve also said that they’ve got to roll back their 20 percent advanced enrichment…20 percent enrichment, which the concern was if you get too much of that, you now have sufficient capacity to go ahead and create a nuclear weapon. We’re taking that down to zero. We are stopping the advancement of the Arak facility, which would provide an additional pathway, a plutonium pathway for the development of nuclear weapons.
We are going to have daily inspectors in Fordor and Natanz. We’re going to have additional inspections in Arak. And as a consequence, during this six-month period, Iran cannot and will not advance its program or add additional stockpiles of advanced uranium — enriched uranium.
Now, what we’ve done in exchange is kept all these sanctions in place — the architecture remains with respect to oil, with respect to finance, with respect to banking. What we’ve done is we’ve turned the spigot slightly and we’ve said, here’s maximum $7 billion out of the over $100 billion of revenue of theirs that is frozen as a consequence of our sanctions, to give us the time and the space to test whether they can move in a direction, a comprehensive, permanent agreement
“Comprehensive.” “Permanent.” Danger words. Blather from the faculty lounge. All from the same guy who said nice things about the “Supreme Leader” when the US should have been backing the people. As or more important, look at the oh-so glib lying about enrichment — “we’re taking that down to zero” — which is not at all what is happening.
In all our years we have never seen the likes of this guy. We’ve been saying this for years, but still we are amazed. He says the most obviously ridiculous and untrue things but appears to believe them when he is saying them. It should have its own entry in DSM-5.