Iran nuclear deal
- Western diplomats have set a deadline of later this month to revive the 2015 Iran nuclear deal.
- The deal was dismantled in 2018 by President Donald Trump.
- American officials are concerned about Iran’s rapid nuclear escalation after the US abandoned the deal. Iran has already said that it is enriching uranium fuel in the country.
- US has said that it will rejoin the agreement if Iran complies with the terms of the original deal, and if it addresses other issues related to alleged ballistic missile stockpiles and the proxy conflicts that it backs across the region.
- Also known as the Joint Comprehensive Plan of Action (JCPOA).
- The JCPOA was the result of prolonged negotiations from 2013 and 2015 between Iran and P5+1 (China, France, Germany, Russia, the United Kingdom, the United States, and the European Union, or the EU).
- Under the deal, Tehran agreed to significantly cut its stores of centrifuges, enriched uranium and heavy-water, all key components for nuclear weapons.
- Trump pulled the U.S. out of the accord in 2018. Besides, he opted for a “maximum pressure” campaign by imposing sanctions and other tough actions.
- Iran responded by intensifying its enrichment of uranium and building of centrifuges, while maintaining its insistence that its nuclear development was for civilian and not military purposes.
Significance of the deal for India:
- Removing sanctions may revive India’s interest in the Chabahar port, Bandar Abbas port, and other plans for regional connectivity.
- This would further help India to neutralize the Chinese presence in Gwadar port, Pakistan.
- Restoration of ties between the US and Iran will help India to procure cheap Iranian oil and aid in energy security.
Source: THE HINDU.