My take on the Iran Nuclear Deal
Many of you must be aware of the fact that the
US withdrew from the Iran Nuclear deal last May, but are you aware of the
possible grave consequences this would bring to threatening world peace?
American withdrawal from the Nuclear deal is the most pernicious foreign policy decision yet and a huge blow for trans-atlantic ties. Today, I am going to discuss whether this was for the good of the world or was this just a bad decision.
American withdrawal from the Nuclear deal is the most pernicious foreign policy decision yet and a huge blow for trans-atlantic ties. Today, I am going to discuss whether this was for the good of the world or was this just a bad decision.
Many proponents to the argument feel that the
Iran deal was a shot in the head for America and more due diligence had to be
done into the scale of nuclear ability that Iran had surfaced to, before coming
up with a much stricter deal. American officials demanded greater transparency
of the Iranian government. They wanted to be allowed into every nuclear site.
They wanted to be allowed into every military base. They wanted free access
into Iranian homes. Whether their new requirements were justified or not,
should America have just cancelled the deal? Could they have possibly built on
to the current one? I feel so because one things for sure, the Iran Nuclear
deal did make the world safer.
It was certainly not perfect, no compromise
ever is, but the decade long tedious negotiations did manage to large scale
down Iran Nuclear Programme for the short and medium term. Moreover, Iran had
so far complied with the terms of the accord. The fact that, by the laws, Iran
could not get a nuclear weapon for more than a decade, made the region, the
world and the US safer. Now, on the contrary, by crippling them with sanctions,
Iran would feel sort of a provocation to re-nuclearize and might threaten world
peace to a larger extent. None of the EU leaders were in consensus with Trump
with regards to leaving the agreement. In fact, French President Emmanuel
Macron, even visited the white house in a last ditch effort to convince the
president to remain in the agreement.
What I feel is that Trump’s move to pull out of
the deal wasn’t more of making the world safer or to advance the country’s
interest. Instead, it had much more to do with raw sentiment and domestic
politics. Trump and many of his followers despise Barrack Obama and have made
it sort of their goal to eradicate his legacy. We could see this from his decision
to leave the Paris Climate deal, cancelling NAFTA and launching separate trade
talks, but this was just ego getting involved in politics that would define the
state of world peace.
He did
however mention that he is open for talks with Iran regarding a new deal.
However, his requirements as well as his continuous provocation may lead to a
rebound effect that we may never be able to reverse. Let’s just be honest,
complete de-nuclearization is a myth and nothing else. In my opinion this was a
bad move, possibly detrimental. Trump has to get the world out of this mess and
he has to do it fast. The sanctions are crippling and it is taking a toll on
the entire world economy. Oil prices are on the rise, emerging markets are
facing major currency problems as well as are on the verge of financial crises.
If his goal was to prop up US markets and the dollar well, he has succeeded as
investors are finding the US as a safe haven in the murky emerging market
waters. However, how long can this last? The emerging market contagion will
lead into the developed markets. The saying goes, whatever goes up has to come
down, and if the situation isn’t resolved we could be heading towards a crisis
no one could ever imagine.
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