The text of the interim agreement among Iran and its negotiating partners in Geneva is posted here, I think, via the Iranian Alalam news network. It is weirdly denominated “Joint Plan of Action.” John Bolton seems actually to have taken a look at it and offers this assessment:
Iran retains its full capacity to enrich uranium, thus abandoning a decade of Western insistence and Security Council resolutions that Iran stop all uranium-enrichment activities. Allowing Iran to continue enriching, and despite modest (indeed, utterly inadequate) measures to prevent it from increasing its enriched-uranium stockpiles and its overall nuclear infrastructure, lays the predicate for Iran fully enjoying its “right” to enrichment in any “final” agreement. Indeed, the interim agreement itself acknowledges that a “comprehensive solution” will “involve a mutually defined enrichment program.” This is not, as the Obama administration leaked before the deal became public, a “compromise” on Iran’s claimed “right” to enrichment. This is abject surrender by the United States.
In exchange for superficial concessions, Iran achieved three critical breakthroughs. First, it bought time to continue all aspects of its nuclear-weapons program the agreement does not cover (centrifuge manufacturing and testing; weaponization research and fabrication; and its entire ballistic missile program). Indeed, given that the interim agreement contemplates periodic renewals, Iran may have gained all of the time it needs to achieve weaponization not of simply a handful of nuclear weapons, but of dozens or more.
Second, Iran has gained legitimacy. This central banker of international terrorism and flagrant nuclear proliferator is once again part of the international club. Much as the Syria chemical-weapons agreement buttressed Bashar al-Assad, the mullahs have escaped the political deep freezer.
Third, Iran has broken the psychological momentum and effect of the international economic sanctions. While estimates differ on Iran’s precise gain, it is considerable ($7 billion is the lowest estimate), and presages much more. Tehran correctly assessed that a mere six-months’ easing of sanctions will make it extraordinarily hard for the West to reverse direction, even faced with systematic violations of Iran’s nuclear pledges. Major oil-importing countries (China, India, South Korea, and others) were already chafing under U.S. sanctions, sensing President Obama had no stomach either to impose sanctions on them, or pay the domestic political price of granting further waivers.
Whole thing here, and all of it is very much worth reading.
STEVE adds: Methinks we should call this for what it is: centrifugal farce.