Historic Iran deal: What it means for India and the world

The first thing to understand about the 109- page long document, known as Joint Comprehensive Plan of Action(JCPA), signed in Vienna on July 14, 2015 is that it marks the end of a long spell of hostility and suspicion between the US and Iran. Though it was Federica Mogherini, the foreign policy chief of European Commission, who stood next to Iranian Foreign Minister Javad Zarif at the centre in the official photo, the real negotiation was between Zarif and US Secretary of State John Kerry who was standing almost at the edge.
It will be useful to understand how the US and Iran, close allies for decades till Mohammed Reza Shah was toppled by Ayatollah Khomeini in 1979, got estranged.
In short, despite referring to the US as Satan in public, Iranians love and admire the US. Their reconciliation is a good development for themselves and the rest of the world. Israel lacks the military capability to carry out strikes against Iran though empty threats might not stop.
For India, this is indeed a positive development. The UPA government had unwisely assessed that the US might not agree to the 123 nuclear agreement then under negotiation, and voted against Iran. Now is the time to rectify the mistake. The Modi government is going ahead with the stalled Chabahar Port project. A visit by Prime Minister Modi to Iran is indicated.

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Post nuclear-deal Iran: The next emerging market?

This day, 35 years ago, saw a failed top-secret attempt by the United States to free American hostages held in Iran’s capital, Tehran.

Leaving behind those war-mongering days, the United States and Iran have now reached an extremely interesting phase in their otherwise tempestuous relationship.

With the landmark nuclear deal expected to fructify on June 30, geo-political dynamics in the region are never going to be the same again. This will in turn have a ripple effect on the geo-economics of the region and the world. With gradual lifting of sanctions on Iran, the reopening of Middle East’s second largest economy will provide a market that has been out of reach to varying extents since the 1979 Islamic revolution, with sanctions becoming broader since 1995 and expanded further since 2005.

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