“Let me start with the basic premise that I’ve said repeatedly. It is in America’s national security interests, not just Israel’s national interests or the region’s national security interests, to prevent Iran from getting a nuclear weapon.
And let’s remember where we were 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. So we’re —
MR. SABAN: To how much?
THE PRESIDENT: Down to zero. So you remember when Prime Minister Netanyahu made his presentation before the United Nations last year —
MR. SABAN: The cartoon with the red line?
THE PRESIDENT: The picture of a bomb — he was referring to 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 that would give us all assurances that they’re not producing nuclear weapons.
MR. SABAN: I understand. A quick question as it relates to the $7 billion, if I may.
THE PRESIDENT: Please.
MR. SABAN: How do we prevent those who work with us in Geneva, who have already descended on Tehran looking for deals, to cause the seven to become 70? Because we can control what we do, but what is the extent that we can control the others?
THE PRESIDENT: Well, Haim, this is precisely why the timing of this was right. One of the things we were always concerned about was that if we did not show good faith in trying to resolve this issue diplomatically, then the sanctions regime would begin to fray.
Keep in mind that this was two years of extraordinary diplomatic work on behalf of our team to actually get the sanctions in place. They’re not just the unilateral sanctions that are created by the United States. These are sanctions that are also participated in by Russia, by China, and some allies of ours like South Korea and Japan that find these sanctions very costly. But that’s precisely why they’ve become so effective.
And so what we’ve said is that we do not loosen any of the core sanctions; we provide a small window through which they can access some revenue, but we can control it and it is reversible. And during the course of these six months, if and when Iran shows itself not to be abiding by this agreement, not to be negotiating in good faith, we can reverse them and tighten them even further.
But here is the bottom line. Ultimately, my goal as President of the United States — something that I’ve said publicly and privately and shared everywhere I’ve gone — is to prevent Iran from getting a nuclear weapon. But what I’ve also said is the best way for us to prevent Iran from getting a nuclear weapons is for a comprehensive, verifiable, diplomatic resolution, without taking any other options off the table if we fail to achieve that.
It is important for us to test that proposition during the next six months, understanding that while we’re talking, they’re not secretly improving their position or changing circumstances on the ground inside of Iran. And if at the end of six months it turns out that we can’t make a deal, we’re no worse off, and in fact we have greater leverage with the international community to continue to apply sanctions and even strengthen them.
If, on the other hand, we’re able to get this deal done, then what we can achieve through a diplomatic resolution of this situation is, frankly, greater than what we could achieve with the other options that are available to us.”
Full text: http://1.usa.gov/1aOx7J3