Business

Iran nukes monitoring could cost $10.5M per year

International monitoring of Iran’s nuclear program could cost $10.5 million per year, according to The Associated Press.

Under the nuclear agreement reached last month, the International Atomic Energy Agency (IAEA), which is affiliated with the United Nations, will be responsible for monitoring Iran’s compliance with certain requirements of the deal.

On Monday, the AP reported it had obtained a document from the IAEA detailing the cost estimates of that effort. The document will be presented at a special IAEA meeting on Tuesday, according to the report.

{mosads}The costs are calculated from the time the deal is implemented, which will be sometime after it’s officially adopted on Oct. 18, the AP said.

AP reports that the deal’s monitoring effort, which would apply to the next 15 years, could total $157 million.

The IAEA has also developed side deals with Iran that are related to the main Iran nuclear agreement. The agency has not publicly released these documents. Last week, however, the AP reported that one document it had obtained showed that the IAEA had agreed to allow Iranian experts and equipment to inspect a military site.

Meanwhile, on Capitol Hill, lawmakers have demanded access to these documents. Sen. Lindsey Graham (R-S.C.), a key appropriator and GOP presidential contender, has threatened to withhold funding for the IAEA until those documents are provided to Congress.

Both chambers are expected to vote on a resolution in mid-September disapproving of the Iran nuclear deal.