United States President Donald Trump unilaterally withdrew US from historic 2015 Iran nuclear deal or Joint Comprehensive Plan of Action (JCPOA) deal signed between Iran and P5+1 countries. It also reimposed sanctions on Iran that were lifted by the JCPOA. Trump administration cited that it cannot prevent Iran nuclear bomb and nuclear deal is defective at its core as it does not target Iran’s ballistic missile programme, its nuclear activities beyond 2025, and its role in conflicts in Yemen and Syria. However other parties to the deal China, France, Russia, UK, Germany and European Union are still supporting it, thus avoiding entire collapse of JCPOA.
Joint Comprehensive Plan of Action (JCPOA)
It is informally called as ‘Iran nuclear deal’. It is multilateral nuclear deal signed between Iran and P5+1 (five permanent members of United Nations Security Council- US, China, France, Russia, and UK), plus Germany and European Union (EU), in Vienna in July 2015.
The JCPOA is aimed at preventing Iran from building nuclear weapon, involved lifting of international sanctions in return for Tehran curbing its nuclear programme. This plan ensured that Iran will drastically reduce its uranium enriching capacity and levels, enriched stockpiles and centrifuges and will allow for stringent inspection and monitoring by international agencies including International International Atomic Energy Agency (IAEA).
In exchange for Iran compliance to deal, economic sanctions that had kept Iran away from international banking and the global oil trade were lifted It allowed Iran to make business deals and also unfroze billions of dollars Iran had overseas before multilateral sanctions were imposed on Iran over its nuclear programme. read more..