Summary of Iran on a knife edge – as nuclear deal goes up in smoke

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Iran on a knife edge – as nuclear deal goes up in smoke summary
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US president Donald Trump’s plan to withdraw America from the Iran nuclear deal may fulfill one of his crucial campaign promises, but the broader implications of this decision remain open. The agreement’s other signatories – France, Germany, the United Kingdom, China and Russia – staunchly oppose the move, warning that the demise of the Joint Comprehensive Plan of Action (JCPOA) would lead to increased destabilization and economic upheaval in the Middle East. getAbstract recommends this report by the Economist Intelligence Unit to shed light on the main terms of the JCPOA and explore the likely consequences of a US withdrawal.

In this summary, you will learn

  • What the terms of the Iran nuclear deal require of its signatories, 
  • Why the Trump administration wants to withdraw from the deal, and
  • How Iran and the other signatories would likely react to the United States’ withdrawal.
 

About the Author

The Economist Intelligence Unit provides forecasting and advisory services as part of the Economist Group. 

 

Summary

The Joint Comprehensive Plan of Action (JCPOA), established in 2016 and commonly referred to as the Iran nuclear deal, is an agreement among Iran, the United States, the United Kingdom, France, Germany, Russia and China. Under its terms, Iran pledges to limit its nuclear program and allows international monitors to verify that it is enriching uranium exclusively for civilian purposes. In return, the other signatories pledge to lift international sanctions on Iran, enabling the country to sell its crude oil on the international market, rejoin the international financial system and regain access to its foreign-exchange reserves abroad.


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