Iran's Nuclear Deal

In July 2015, Iran made headlines globally by agreeing to a nuclear programme with several world powers named the P5+1, including the United States of America, the United Kingdom, France, Germany, China, and Russia.

Under the Iran nuclear agreement, a decision was made to dismantle much of its nuclear program, and a plan was made to curb Iran's ability to produce nuclear weapons in exchange for a billion dollars.

However, in 2018, the former President of the United States of America, Donald Trump, announced that he would be pulling out the USA from this deal and all the issuing sanctions on Iran.

In December 2020, The Guardian Council of Iran passed new legislation that mandated Iran to increase its nuclear activities. But, President Joe Biden said his party might be interested in reviewing the Joint Comprehensive Plan of Action (JCPOA).

According to the North Atlantic Treaty Organisation (NATO), this deal was a historic breakthrough that will serve as a great source for strengthening global security. NATO urged Tehran (the capital of Iran) to comply with all the terms and conditions of the accord.

Strong Iran Nuclear Deal Provisions

Take a look at a few provisions of the Iran Nuclear deal of 2015

  • Constant monitoring of Iran’s nuclear supply chain,
  • Stringent physical prohibitions on the potential supply of Iran’s nuclear weapons,
  • Iran agreed that it would only use the plants at Fordow, Natanz, and Arzak for medical, industrial power generation, and civilian work,
  • Iran stated that its nuclear programme was for peaceful purposes only.

Given the recent developments in the nuclear program of Iran, it seems the nuclear deal of 2015 is effectively dead. This deal was formally known as the JCPOA and was a great combination of monitoring provisions and restrictions applied to Iran's nuclear program. Moreover, this deal was considered US President Barack Obama's second term signature foreign policy achievement. Now that you have understood the Iran Nuclear Deal, #Tradeonthatthought.