Iran Nuclear Deal And Its Cancellation Effect on Indian Economy
Written By: Gauri Jaitely, Student of XII (Humanities) Issue Iran nuclear deal was signed in 2015 under Barak Obama, then US president and it has been called as the worst deal ever by Trump, incumbent US president. Trump has threatened to reintroduce sanctions on Iran on May 12 when it’s coming for renewal, unless Britain, France and Germany agree to renegotiate the Iran nuclear accord, if he walks away with this deal then many problems may arise globally. Overview: Four decades ago, the Iranian Islamic revolution took place in 1979 in Iran. As a result, Pahlavi dynasty was overthrown and it was replaced by Ali Khamenei and became the supreme leader of Iran. The Pahlavi Dynasty was backed by the United States of America while Iranian revolution was supported by Soviet Union (now Russia) during the Cold War. The geopolitics of middle east since Iranian revolution has entered into a very complex trap for the oil and trade routes. The recent instances a...