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Current Affairs

Reviving Iran nuclear deal

Date: 05 February 2022 Tags: Miscellaneous

Issue

A deadline up to February end has been set by western diplomats for reviving the Iran Nuclear deal which was signed in 2015.

 

Background

The deal, which was signed during the tenure of former US President Barack Obama, was dismantled during tenure of President Donald Trump.

 

Details

  • Since abandoning the deal, officials of US are concerned about the nuclear escalations undertaken by Iran.

  • President Biden has said that US will rejoin if Iran agrees to comply with the terms of the original deal along with addressing other concerns.

 

Iran’s response

The US demands to give up ballistic missile technology and not support proxies in regional war have been rejected by hardline president Ebrahim Raisi.

 

The 2015 deal

  • Joint Comprehensive Plan of Action (JCPOA), also known as Iran Nuclear deal, was an accord signed between Iran and a coalition of world powers including the US, the UK, China, Russia, France, and Germany (collectively known as P5+1).

  • The Iranian regime agreed to give up nuclear programme and allow greater international monitoring. In return, many sanctions were lifted.

  • The main aim of the deal was to restrict Iran’s capabilities to such a point that it took the country at least a year to build a weapon, giving sufficient time for west to respond.

 

Aspects of deal

  • It aimed to eliminate Iran’s stockpiles of enriched uranium and plutonium, and limiting the number and type of centrifuges Iran could utilize.

  • The inspectors from the International Atomic Energy Agency (IAEA) would get access to nuclear sites to prevent secret developments of nuclear weapons.

 

Effects of deal

  • Iran’s economy stabilized significantly after sanctions were lifted. The recession and inflation slowed and exports boosted.

  • There were complaints from Israel and Saudi Arabia for not involving them in negotiations eventhough nuclear ambitions posed them a significant threat.

 

Post revoking of deal

  • Iran ramped up its nuclear programme significantly. US reimposed sanctions after temporarily giving exemptions.

  • The US was involved in assassinating top Iranian general Qasem Soleimani, after which a series of retaliatory attacks were carried out by Iran.

 

Way ahead

  • Any future actions would not be without implications. The US has to consider Russia and China before making any move.

  • Iran also has to know that middle-east politics has changed. Israel’s partnership with Arab world has changed the complexion.