CHARLES KRAUTHAMMER: It's really hard to watch the President and the Secretary of State and not think how they cannot be embarrassed by this deal. Think about this. Half a dozen times, the Security Council has passed resolutions which said Iran has to stop all enrichment otherwise there will be no change in sanctions, no relief. Which means six times China and Russia -- not exactly hardliners on Iran -- have signed on to this.
And what is the result of this agreement? Iran retains the right to enrich. It continues to enrich during the six months. It is promised a final deal in which weâ€™re going to work out the details of its enrichment. And remember, enrichment is the dam against all proliferation. Once a country anywhere can start to enrich there is no containing its nuclear capacity. So it undermines the entire idea of nonproliferation and it grants Iran a right itâ€™s been lusting for for a decade. That's why there was so much jubilation in Tehran over this.
Second, there's a relaxation of sanctions which have really caused the Iranians to hurt, to worry about the stability of the regime, and to come and negotiate. What happens on sanctions? There's going to be a huge infusion of cash which can reduce the inflation, can alleviate the shortages. Already the rial, the currency, jumped three percent instantly as a result of this agreement. This is a huge relief for the Iranians, and it can only increase over time. What do we get in return? I just heard the Secretary of State say we're going to get a destruction of the 20 percent uranium. That is simply untrue.
What's going to happen is the 20-percent enriched uranium is going to be turned into an oxide so itâ€™s inoperative. That process is completely chemically reversible, which means Iran holds on to its 20 percent uranium and can turn it into active stuff any time it wants. This is a sham from beginning to end. It's the worst deal since Munich.