The disputed nuclear enrichment program, Iran had initiated, has long been a bone of discontent and escalating suspicion between Iran and US, over the past decade. The stalemate of distant talks brought economic sanctions on Iran. Many efforts were exercised, leading to congenial solution of lingering dispute, rendered futile., Iran got ill with lengthened sanction that worst affected its economy and has to pursue financial relieves.

Earlier the deal took effect as February 20 marked the point of beginning. The two-day exhaustive round of talks in Geneva between Iran and P5+1 (Britain, China, France, Russia and the United States plus Germany) decided to wind up the interim November deal, in which Iran contracted not to enrich uranium over five percent for six months while neutralizing its stockpile of uranium enriched to 20 percent in return for billions of dollars’ worth of sanctions relief.

Subsequent to the cut-off date Iran for the first time started eliminating its stockpile of higher levels of enriched uranium and dismantling some of the infrastructure that makes enrichment possible. According to the latest report released by the International Atomic Energy Agency (IAEA), Iran has ceased the uranium enrichment above 5 per cent at the two cascades at the Pilot Fuel Enrichment Plant and the four cascades at the Fordow Fuel Enrichment Plant, referring to Natanz and Fordow, the two of Iran's main nuclear enrichment plans. Iran also stopped the manufacturing activities at Arak reactor (IR-40), a heavy water reactor, which could produce plutonium, another kind of fuel for building a nuclear warhead. In the meanwhile Iran will abide by cooperation pact with IAEA allowing access to nuclear-related facilities and the provision of information.

Subsequent to sanction imposed on Iran over disputed nuclear program, large sum of Iranian assets, in US and European banks were frozen, exports were barred and currency devalued. It resulted in price hike, unemployment and inflation across the country –hence so the deal plays foundational role reviving the economic uplift of Islamic republic of Iran. The suspension of the uranium enrichment above 5 per cent is considered to be a vital step towards easing of the Western sanction imposed on Iran, which is agreed in the deal with the 5 permanent members of the UN Security Council plus Germany. According to reports in the preliminary progress of deal wins $550-million installment of $4.2 billion in frozen assets, released early next month. The report entails the installment schedule starts on Feb 1 and the payments are evenly distributed” across 180 days. Similar amounts will be unblocked roughly every month for six months, with the last payment due around July 20.

The incumbent president of Iran owns the credit for melting the decades long trust deficit lying between Iran and the West – it instead has installed a certain degree of confidence, more or less portrayed a pacifying image of Iran before the world. The deal has certainly wined a major achievement for President Hassan Rouhani, who vowed, brining the country out of battered relations with West and relieving tightened sanctions, during election campaign.