Breakthrough deal could breathe new life into Iran’s economy
By Mostafa Shirmohammadi
Editor-in-chief
The first round of talks between Iran and the United States wrapped up in Muscat, Oman, in what Tehran described as a “constructive atmosphere based on mutual respect.” The two sides agreed to pick up negotiations again next week. The Iranian economy was quick to respond as the rial gained significantly against the US dollar.
Iran’s economic recovery seems partly tied to lifting the US cruel sanctions that were reimposed after President Donald Trump walked away from the 2015 nuclear deal, known as the JCPOA, in 2018 and have since been retched up. Tehran’s number-one priority in the ongoing negotiations is to break the nuclear stalemate and, eventually, get sanctions lifted. Trump, in justifying his withdrawal, once said at the time that the US was not benefiting economically from the JCPOA, unlike other signatories such as France that secured major deals with Iran including in its auto industry. Now doubt, economic gain for the US could now shore up a new agreement.
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