BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
World

Iran: The hard-won 2015 nuclear deal

Published November 29, 2021 Updated November 29, 2021 10:14am
By

VIENNA: Iran agreed with major world powers in 2015 to restrict its nuclear programme in return for the lifting of punishing sanctions.

But in 2018, then president Donald Trump pulled the United States out of the agreement and reimposed sanctions, prompting Iran to roll back its commitments.

The US and Israel continue to accuse Iran of seeking to build nuclear weapons, a claim it denies.

With talks on restoring the deal set to start in Vienna on Monday, we look back its troubled history.

Tough talks

Negotiations start in June 2013 between Iran and the five permanent members of the UN Security Council -- Britain, China, France, Russia and the US -- plus Germany.

US options when Iran nuclear deal talks resume

The final deal is reached in July 2015, seemingly ending a 12-year dispute over the Iran nuclear issue.

Stopping the bomb

The accord's goal is to make it practically impossible for Iran to build an atomic bomb, while allowing it to pursue a civilian nuclear programme.

Tehran pledges to reduce its nuclear capacities for several years, capping its enrichment of uranium at 3.67 percent -- sufficient for power generation, but far below the more than 90 percent required for a nuclear weapon.

Iran agrees to slash the number of its enrichment centrifuges from more than 19,000 to 5,060 for a decade.

It also agrees to modify its heavy water reactor in Arak to prevent it from using plutonium for military use.

The deal comes into effect in January 2016.

Inspectors, sanctions relief

The International Atomic Energy Agency is charged with carrying out inspections to ensure Iran is meeting its commitments.

The accord paves the way for a partial lifting of international sanctions on Tehran, opening the door to foreign investors.

However, UN embargoes on the sale of conventional arms and on ballistic missiles to Iran are maintained up to October 2020 and 2023 respectively.

The three European signatories, Britain, France and Germany, have -- like the US -- opposed lifting the embargo on conventional arms.

But the powers insisted they remained committed to the 2015 nuclear deal, and said UN sanctions should not be reimposed.

US exit

Investment starts to flow into Iran after the nuclear deal. But in May 2018, Trump pulls the US out of the agreement, calling it "rotten".

Sanctions follow with Washington particularly targeting Iran's oil and finance sectors.

In May 2019, Tehran starts stepping back from the accord, prompting fears it might unravel.

Comments

Comments are closed for this article.