US Exits Nuclear Deal, Imposes Sanctions
| Political | Global Trade |
Updated By: History Editorial Network (HEN)
Published:
4 min read
In 2018, the United States withdrew from the Iran nuclear deal that aimed to limit Iran's nuclear capabilities. The deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), was signed in 2015 by Iran, the US, the UK, Russia, China, France, and Germany. It allowed for sanctions relief on Iran in exchange for strict limits on its nuclear program.
The US withdrawal, announced by then-President Donald Trump, was met with strong opposition from the other signatories who affirmed their commitment to the agreement. Following the withdrawal, the US reimposed sanctions on Iran, targeting its energy, shipping, and financial sectors. This move heightened tensions between the two countries and raised concerns about the stability of the region.
Iran responded by gradually scaling back its compliance with the JCPOA, citing the failure of the remaining parties to uphold their end of the deal. The International Atomic Energy Agency confirmed Iran's increased uranium enrichment levels, moving away from the limits set by the agreement.
The reimposition of sanctions had a significant impact on Iran's economy, leading to a sharp decline in oil exports and a depreciation of the national currency. The Iranian government faced increased pressure both domestically and internationally, as the economic hardships deepened.
The US withdrawal from the Iran nuclear deal and the subsequent reimposition of sanctions exacerbated the longstanding tensions between the two countries. The move also raised concerns about the proliferation of nuclear weapons in the region and the potential for further conflict.
#IranDeal #USIranTensions #NuclearSanctions
Primary Reference: Trump Abandons Iran Nuclear Deal He Long Scorned - The New ...

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