Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

US DECISION TO EXIT FROM NUCLEAR DEAL WITH IRAN AND ITS IMPLICATIONS

On may 8 2018 US president Donald Trump withdrew from Iran Deal which is officially known as Joint Comprehensive Plan of Action (JCPOA), saying that he will reinstate sanctions.
His statement was as following:
” Deal should never have been made. It didn’t bring peace and it never will”
Reaction of Different Countries and organisations

With the exception of Saudi Arabia, Israel, UAE and bahrain most of the International community condemned the decision. All other countries That were signatories of the pact expressed dissapointment over the American Decision.
UN secretary general António Guterres said he is “deeply concerned by the announcement that the United States will be withdrawing from the Joint Comprehensive Plan of Action (JCPOA) and will begin reinstating US sanctions”
The top diplomat of the EU, Federica Mogherini, said the EU was “determined to preserve the deal”

Reaction from Iran
Iran’s President Hassan Rouhani condemned US decision and said that he would work with Europe, Russia, and China to keep the deal intact.
Many Leaders of Iran particularly Supreme Leader Hosseini Khamenei declaring their anger over the desicion.

IMPLICATIONS
President Hassan Rouhani, who is regarded as a moderate and reformist who agreed to curb Tehran’s Nuclear programme, his prestige will hit hard. It will particularly Iran’s Hardliners who were against entering any short of agreement with US.
If Iran’s talk with With other signatories of the deal i.e, European Union, England, China and Russia fails it could resume its Nuclear weapon programme which will further intensify tensions in Middle-East.
The dicision to clash nuclear deal had resulted in oil prices raising above $75 per barrel and some feel it could climb as high as $100 per barrel over the next few months. However the long effect will depend on How other countries reacts to US actions.
IMPLICATIONS ON INDIA

OIL IMPORTS
India Imports nearly 80% of crude oil it consumes also it exports about 17% of oil imports from Iran, thus any future may have and impact on it.

Chabahar Port and corriodor linking Afghanistan
India committed more than $ 500 Mn for the development of Chabahar port which will link India with Afghanistan bypassing Pakistan. Any future US sanctions will have effects on this project.
Further India will find it more difficult to balance its relations between US, Saudi Arabia and Israel on one hand and its relations with Iran on the other.

The post US DECISION TO EXIT FROM NUCLEAR DEAL WITH IRAN AND ITS IMPLICATIONS appeared first on Election Tamasha.



This post first appeared on Election Tamasha, please read the originial post: here

Share the post

US DECISION TO EXIT FROM NUCLEAR DEAL WITH IRAN AND ITS IMPLICATIONS

×

Subscribe to Election Tamasha

Get updates delivered right to your inbox!

Thank you for your subscription

×