"Iran is once again facing crippling international sanctions on its weapons trade, oil exports, international banking, and much more under the snapback mechanism of the 2015 nuclear deal. The accord, concluded between Iran on one side and the US, France, Germany, the UK, Russia and China, as well as the European Union on the other, provided Tehran economic relief in exchange for curbing Iran's nuclear program."
"It is not just another round of sanctions; it is the return of a full, suffocating embargo that Iran has not faced in years."
"This means banking channels are blocked, oil exports are strangled, and even basic trade becomes tangled in a web of restrictions. For ordinary Iranians, this translates directly into daily hardship."
Automatic reinstatement of JCPOA snapback sanctions has returned extensive restrictions on Iran's weapons trade, oil exports, international banking, and other sectors. The 2015 accord exchanged economic relief for limits on Iran's nuclear program, but the US withdrew in 2018 while other participants sought to preserve the deal. The UK, France and Germany triggered the snapback this year citing excessive uranium enrichment, limited inspector access, and refusal to negotiate directly with the US. China and Russia attempted to delay the process, but the 30-day grace period expired and previously lifted sanctions were reinstated. Analysts warn of embargo-like effects, currency collapse, rising import costs, job losses, and inflation-driven wage erosion.
Read at www.dw.com
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