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(1) Under the terms of the July 18th extension, the United States and its negotiating partners will further relieve sanctions and give Iran access to an additional $2.8 billion in blocked assets.  In return, Iran’s main obligations will be to keep observing the interim agreement and to convert 25 kilograms of 20-percent high enriched uranium from an oxidized form into fuel directly usable in a research nuclear reactor by November 24th.

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