Iran’s Nuclear Program & Western Sanctions

U.S. lifts sanctions; Iran comes in from the cold

  1. US removed a wide range of sanctions against Iran after International Atomic Energy Agency (IAEA) confirmed that Tehran has met its commitments to roll back its nuclear programme.
  2. The U.S has only removed secondary sanctions that restrict the dealings of other countries with Iran.
  3. The removal of restrictions on its oil, petrochemicals, banking, natural gas and port sectors will hugely benefit Iran and allow it to reenter the global market.
  4. This also help India’s plans in Iran, include the Chabahar port, an Indian Oil petrochemical plant and the proposed Iran–Pakistan–India (IPI) gas pipeline.

Primary sanctions that bar U.S citizens and companies from business with Iran will remain.

  1. US removed a wide range of sanctions against Iran after International Atomic Energy Agency (IAEA) confirmed that Tehran has met its commitments to roll back its nuclear programme.
  2. The U.S has only removed secondary sanctions that restrict the dealings of other countries with Iran.
  3. The removal of restrictions on its oil, petrochemicals, banking, natural gas and port sectors will hugely benefit Iran and allow it to reenter the global market.
  4. This also help India’s plans in Iran, include the Chabahar port, an Indian Oil petrochemical plant and the proposed Iran–Pakistan–India (IPI) gas pipeline.
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