Tag Archives: Iran Nuclear Agreement

Trump and the Nuclear Agreement With Iran, by Muhammad Sahimi and Katariina Simonen

There would be a myriad of ramifications if the US was to back out of the Iranian Nuclear Agreement. From Muhammad Sahimi and Katariina Simonen at antiwar.com:

During his campaign for presidency, Donald Trump referred repeatedly to the nuclear accord with Iran, officially known as the Joint Comprehensive Plan of Action (JCPOA), as a “horrible agreement,” one that would lead to “a nuclear Holocaust,” and so bad that “it is suspicious.” He repeatedly and falsely claimed that the United States has given Iran $150 billion, whereas in reality Iran will receive only about $55 billion. Regardless of the amount, however, what Iran will eventually receive is its own money that had been held up in frozen accounts with European and Asian Banks as a result of the U.S. sanctions imposed on Iran.

Trump also promised repeatedly that, if elected, he will tear up the JCPOA. He told the American Israel Public Affairs Committee’s conference earlier year that his first priority after he is elected would be to “dismantle” the agreement.

So, the question is, now that Trump President-Elect, will he tear up the nuclear deal with Iran? More importantly, can he actually do that if he wants to stay within the international norms and laws? And, assuming that he will deliver on his promise, what will be the consequences for the United States, its European allies, the Middle East, and especially Iran? Before addressing these important questions, it is important to discuss an important aspect of the JCPOA that has not been discussed previously.

To continue reading: Trump and the Nuclear Agreement With Iran

 

Iran Furious After Obama Said To Extend Iran Sanctions; Oil Jumps To 2016 Highs, by Tyler Durden

The US and Iran have different takes on what a ten-year extension of the Iran Sanction Act would mean for the Iranian nuclear agreement. From Tyler Durden at zerohedge.com:

A furious Iran threatened to retaliate early Friday against a U.S. Senate vote to extend the Iran Sanctions Act (ISA) for 10 years, saying it violated last year’s deal with six major powers that curbed its nuclear program. The ISA was first adopted in 1996 to punish investments in Iran’s energy industry and deter its alleged pursuit of nuclear weapons; it was due to expire on Dec. 31. Lawmakers said the extension would make it easier for sanctions to be reimposed if Iran violated the nuclear settlement. The extension was passed unanimously on Thursday.

While US officials said the ISA’s renewal would not infringe on Obama’s landmark nuclear agreement (which may or may not be voided by Trump), and under which Iran agreed to limit its sensitive atomic activity in return for the lifting of international financial sanctions that harmed its oil-based economy, senior Iranian officials took odds with that view. Iran’s nuclear energy chief, Ali Akbar Salehi, who played a central role in reaching the nuclear deal, described the extension as a “clear violation” if implemented.

“We are closely monitoring developments,” state TV quoted Salehi as saying. “If they implement the ISA, Iran will take action accordingly.”

Iran’s most powerful authority, the Supreme Leader Ayatollah Ali Khamenei, warned in November that an extension of U.S. sanction would be viewed in Tehran as a violation of the nuclear accord.

“Iran has shown its commitment to its international agreements, but we are also prepared for any possible scenario. We are ready to firmly protect the nation’s rights under any circumstances,” Foreign Ministry spokesman Bahram Ghasemi said in comments reported by state news agency IRNA.

To continue reading: Iran Furious After Obama Said To Extend Iran Sanctions; Oil Jumps To 2016 Highs