Summary
The United Nations has re-imposed sanctions on Iran after European countries triggered a process from the 2015 nuclear deal, despite objections from Russia and China. These sanctions will affect Iran's economy by imposing restrictions like arms embargoes and financial barriers. Many in Iran are worried about worsening economic conditions and possible military actions from countries like Israel and the United States.
Key Facts
- United Nations sanctions on Iran were reinstated automatically after European signatories of the 2015 nuclear deal used a "snapback" mechanism.
- The sanctions include an arms embargo, asset freezes, travel bans, and various other restrictions affecting Iran's economy.
- The sanctions are imposed by all member states using nonmilitary measures.
- Iran's currency, the rial, reached a record low, trading at over 1.3 million per US dollar.
- Economic activities in Iran saw market fluctuations and increased prices, affecting consumer purchasing power.
- Some Iranian officials and newspapers expressed different views on the situation, with some opposing the original nuclear deal.
- Iran, along with China and Russia, claims that the snapback process has been abused.
- The "snapback" is part of the Joint Comprehensive Plan of Action (JCPOA), which sets limits on Iran's nuclear program in exchange for lifting sanctions.
