By Staff Reporter — Tehran, September 28 (Staff Report) Sanctions Reimposed on Iran 10 Years After Nuclear Deal
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Intro
The international community has sanctioned Iran once again a decade after the historic nuclear deal was signed. The ruling has caused a lot of controversy in international relations, the energy market, and stability in the region. Some leaders refer to it as a necessary measure to check the nuclear ambitions of Iran; others say that it would lead to increased tension in the Middle East.
Iran signed the Joint Comprehensive Plan of Action (JC POA), a historic nuclear deal in 2015 that seeks to reduce its nuclear program in exchange for sanctions relief. The agreement was celebrated globally as a move in the right direction of peace and non-proliferation. Nonetheless, the trust in the agreement had been undermined over the years because of the alleged breaches, and the oscillating international politics.
The United States and a number of European allies declared this week the reinstatement of harsh economic sanctions on Iran. The sanctions will be applied to the oil exports, the banking sector and the major industries within Iran to make Tehran yield to the demands of the tougher nuclear limits. Authorities allege that Iran has overenriched uranium than what was agreed by the officials, and it has not allowed enough inspections.
The Iranian leaders were so outspoken about the move as it was unjust and politically inclined. They state that the Western forces have not fulfilled their obligations in the JC POA agreement and have resorted to sanctions as a patron in the armory. Tehran claims that its nuclear program is aimed at peaceful purposes e.g. energy production and medical research.
The sanctions will have a massive effect on the already weak Iranian economy. It is probable that inflation, unemployment, and currency devaluation will be aggravated, which will have a direct impact on millions of common people. Those who analyze the situation are concerned that the new restrictions may further frustrate the people and create unrest within the country.
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The decision has split world powers on the international scene. The sanctions are backed by the United States and their allies in Europe, whereas Russia and China have expressed great disapproval. Moscow charged the West with destabilizing the region, whereas Beijing requested everyone to go back to the table rather than increase the level of confrontation.
The response of the people in Iran has been divided. Others are afraid that they will endure more hardships going forward with the increasing prices and diminishing opportunities, whilst others are angry with their government and the foreign forces. Social media is also overwhelmed with hot discussions, expressing displeasure with the absence of long-term stability.
There is a tendency towards volatility in prices as world oil markets respond to the situation. As one of the largest oil producers in the world, Iran could be affected by the sanctions and cause the world to experience a decrease in supply and a rise in the price of energy. Analysts think that this trend will impact not only the Middle East but also on the global economies.
The resurgence of Iran sanctions ten years later following the nuclear agreement is a decisive milestone in foreign relations. Although the move is meant to bring about compliance, it may be seen as a threat to further divide Iran and outside the country as the world watches. The world is closely observing whether the new wave of pressure is going to result in negotiation or the next step conflict.
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