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Tuesday, April 21, 2015

Netanyahu's $50 billion Iran "prediction" comes belatedly true

On March 2, President Obama preemptively criticized Binyamin Netanyahu's upcoming speech to Congress:

He reiterated the administration's criticism of Netanyahu's address and said the Israeli leader had been wrong before with his opposition to a 2013 interim deal with Iran.

"Netanyahu made all sorts of claims. This was going to be a terrible deal. This was going to result in Iran getting 50 billion dollars worth of relief. Iran would not abide by the agreement. None of that has come true.

"It has turned out that in fact, during this period we’ve seen Iran not advance its program. In many ways, it’s rolled back elements of its program."
I cannot find anywhere that Netanyahu said that Iran would get $50 billion of relief under the JPOA. This graphic shows how much Iran has received since the interim agreement, though: over $10 billion.


But that $50 billion number is very interesting for another reason. From the WSJ:
The Obama administration estimates Iran has between $100 billion and $140 billion of its oil revenue frozen in offshore accounts as a result of sanctions. U.S. officials said they expect Tehran to gain access to these funds in phases as part of a final deal. Iran could receive somewhere between $30 billion and $50 billion upon signing the agreement, said congressional officials briefed by the administration.
Obama's seemingly fictional Bibi quote has become a self-fulfilling prophecy.

Will "snapback sanctions" somehow take those $50 billion away?

Now, about Obama's other assertion that Iran had not advanced its program since 2013.

March 2013:

Iran is about a year away from developing a nuclear weapon and the United States remains committed to doing everything in its power to prevent that from happening, President Barack Obama said in an exclusive interview aired Thursday on Israeli TV.

Just days before he is to arrive in Israel for his first presidential visit, Obama told Israel’s Channel 2 TV that while he still prefers diplomacy over force, but that a nuclear Iran is a “red line” and all options remain on the table to stop it.

Right now, we think it would take over a year or so for Iran to actually develop a nuclear weapon, but obviously we don’t want to cut it too close,” he said.

Obama press statement, April 2015:
Today, estimates indicate that Iran is only two or three months away from potentially acquiring the raw materials that could be used for a single nuclear bomb. Under this deal, Iran has agreed that it will not stockpile the materials needed to build a weapon. Even if it violated the deal, for the next decade at least, Iran would be a minimum of a year away from acquiring enough material for a bomb.
So somehow Iran went from a year away to 2-3 months away - without advancing its nuclear program!

(h/t Mike Anon)