Iran and us relationship

International

Iran and US Relationship

By Sandeep Nagyaan · 11 Sep 2018


Iran and US Relationship

Now Iran and US relation has been facing a big challenge for the world. This problem between Iran and US start to abolishment of economic sanctions from the US President Donald Trump. Background of this sanction:- In 1987 the United States imposed economic sanctions against Iran. The sanctions were expanded in 1995 to include firms dealing with the Iranian government. In 2006, the UN Security Council passed Resolution 1696 and imposed sanctions after Iran refused to suspend its uranium enrichment program. U.S. sanctions initially targeted investments in oil, gas, and petrochemicals, exports of refined petroleum products, and business dealings with the Islamic Revolutionary Guard Corps (IRGC). Again On 2 April 2015,during Obama time the P5+1and Iran, meeting in Lausanne, Switzerland, reached a provisional agreement on a framework that, once finalized and implemented, would lift most of the sanctions in exchange for limits on Iran's nuclear programs extending for at least ten years.

Impact of this sanction on Iran and trading Partners:- Many country against the sanctions of Iran from America. They said America abet the Iran from previous agreement between America and others members nations. (1) The sanctions will have an impact on other industries of the world. (2) Under the announcement, companies selling commercial aeroplanes to Iran will be particularly hit. (3) Tourism in Iran had also benefited from the nuclear deal, with visitor numbers increasing from 3.8 million visitors in 2012 to over 5 million in 2015, and this could also be affected by renewed sanctions. (4) Iran is one of the world's largest oil producers, and the export of oil and gas is worth billions of dollars each year. It will adverse impact on importers partners.