Iran snapback sanctions: Iranians face more economic uncertainty

1 month ago
172

A decade after Iran's nuclear deal promised economic relief, the same agreement now threatens to revive UN sanctions through its 'snapback' clause.
The 2015 Joint Comprehensive Plan of Action (JCPOA) capped Iran's nuclear programme in exchange for sanctions relief, but the US withdrawal in 2018 led Tehran to gradually roll back its commitments.
As the deal nears expiration, France, Germany and the UK have triggered the snapback mechanism, potentially reimposing previous UN sanctions including arms embargoes and financial restrictions.
For ordinary Iranians, the impact is already being felt in markets and currency exchanges.
While some experts believe Iran's oil-based economy can weather the storm, many citizens express growing uncertainty about their economic future.
The foreign exchange rate has become a barometer of hardship for many, as gold prices surge and the national currency slides further. As optimism fades, Iranians brace for more pressure and await their government's response to this latest challenge.

Al Jazeera's Tohid Asadi reports from Tehran, Iran.

Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on X: https://twitter.com/AJEnglish
Find us on Facebook: https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile

#Iran #IranEconomicCrisis #IranNuclearTalks #UnitedStates #IranSanctions #IranSnapbackSanctions #JCPOA #2015IranNuclearDeal #IranNuclearProgramme

Loading comments...