U.S. takes steps to reinstate Iran nuclear deal

• US administration has said that it will participate in talks with Iran with a view to reinstate the Joint Comprehensive Plan of Action (JCPOA) or ‘Iran nuclear deal’.

About:

• In 2018, USA has pulled out of the deal, and initiated procedure called “snapback” at the United Nations Security Council to unilaterally reimpose sanctions on Iran.

• JCPOA allows any party to trigger a process that snaps U.N. sanctions on Iran back into place if Iran is not complying with the deal.

• Earlier in response to US sanctions, Iran has stepped up its nuclear work in violation of the JCPOA.

• JCPOA was signed in 2015, endorsed by UNSC Resolution to prevent Iran from developing nuclear weapons while granting it an internationally monitored civilian nuclear power programme.

• It was signed between Iran and the P5+1 (China, France, Russia, United Kingdom, United States and Germany).

The recent move offers opportunity to India as:

• Before sanctions, India was one of the largest buyers of crude oil from Iran.

• Also, India Iran are partners in projects like Chabahar port, International North-South Transport Corridor.

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Mains Paper 2: International Relations

Prelims level: Joint Comprehensive Plan of Action

Mains level: Read the newsfeed

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