Reaching a nuclear deal will benefit Iran’s economy, region

Chris

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Reaching a nuclear deal will benefit Iran’s economy, region
The Biden administration believes the time is running out for negotiations on reining in Iran's nuclear program.
By MOHAMMAD AL-KASSIM/THE MEDIA LINE
Published: FEBRUARY 11, 2022

The Biden administration believes time is running out for negotiations on reining in Iran's nuclear program. The White House believes it has until the end of February to rescue the 2015 Iran nuclear agreement, known as the Joint Comprehensive Plan of Action, but if that doesn't happen the US will have to shift its approach and resort to more aggressive efforts to prevent Tehran from obtaining a nuclear weapon, CNN reported, citing multiple administration officials.

At the same time, Iran’s new conservative administration is hoping to repair ties with its regional neighbors and the international community. Muhammad Sahimi, professor of Chemical Engineering and Materials Science at the University of Southern California, told The Media Line that reaching a deal on Iran's nuclear program for a second time will help Iran's oil sector. "It will benefit the region as a whole. It will also enable Iran to resume, or expand, its oil exports, and other products, such as petrochemicals. With Iran's oil returning to the international market, the oil price will go down," he said.

more............ https://www.jpost.com/middle-east/article-696195
 
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