Courtesy: U.S. Department of State/ Flickr
Scrapping the JCPOA will badly bruise Iran’s economy, citizens and foreign relations; it will have an impact on the U.S.’ allies too
Courtesy: Gateway House
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
Courtesy: Wikipedia
A journey which began in Istanbul in 2012 ended in triumph in Vienna in July 2014, as the P5+1 countries and Iran announced a Joint Plan of Comprehensive action that would see Iran free of all economic sanctions while upholding the right to a civil nuclear programme. While this journey, fraught with challenges, technically is over, the ratification battle in the U.S. congress commences now
Courtesy:
Amit Bhandari, energy and environment fellow, speaks to Dev Lewis, Gateway House, on the impact of the Iran deal on global energy markets. He also outlines why this is a window of opportunity for Indian business
Courtesy: U.S. Senate/Wikimedia Commons
Hardliners in the U.S. argue that the Obama administration’s eagerness to declare success has given Iran an advantage in the negotiations on its nuclear programme. Even if the agreement between the U.S., its partners, and Iran is finalised in the coming days, Obama has the tough task of convincing the U.S. Congress to lift sanctions
As the UN, U.S. and EU sanctions against Iran begin to be lifted, synchronised with Iran fulfilling its obligations on the nuclear issue, there will be a much greater interaction between India and Iran which will certainly benefit both countries.
