European Ministers to Trigger 'Snapback' Sanctions on Iran
Introduction
The Iran nuclear deal has been a contentious issue since its inception in 2015. Recently, European ministers have announced their intention to trigger "snapback" sanctions against Iran, a mechanism that automatically reimposes all UN Security Council sanctions that were lifted under the deal. This decision comes as a response to Iran's continued violation of the terms of the agreement.
Key Details
The "snapback" mechanism was included in the Iran nuclear deal to ensure that if any party failed to uphold their commitments, sanctions could be swiftly reinstated. Since the United States withdrew from the deal in 2018, European countries have been working to salvage the agreement and keep it alive. However, with Iran's repeated breaches of the deal, European ministers have been left with no choice but to trigger the "snapback" sanctions.
Impact
The re-imposition of sanctions will have a significant impact on Iran's economy, which has already been struggling due to previous sanctions. It will also put further strain on diplomatic relations between Iran and other countries, especially those involved in the nuclear deal. The move is likely to escalate tensions in the region and could potentially lead to further destabilization.
