
In 2015 under the Obama administrator, the United States, United Kingdom, France, Russia, China, and Germany worked with Iran to create the Iran nuclear deal or Joint Comprehensive Plan of Action (JCPOA) to limit Iran's nuclear power activities. In this deal, Iran promised to reduce its stockpiles of uranium by 98% for the next 15 years. In return, most of the sanctions that were imposed from the United Nations (UN), United States (US), and European Union (EU) were lifted to help bring economic stability. If Iran did not violate the deal, the sanctions would stay removed (BBC News, 2015), which led Iran to gain access to more than $100bn in frozen assets, resuming to sell oil, and using the global financial system for trade (BBC News, 2019).
One of the benefits of lifting sanctions and allowing Iran to gain access to their assets was regional cooperation and the capability to conduct full transparent inspections. Without the ability to conduct inspections, the United States would not gather as much intelligence on Iran’s program. By forcing Iran to allow inspections to keep sanctions off them. It allows inspectors to have full access to the supply chain for monitoring materials and prevents the use of a secret program. Inspectors will have access to mines and continuous surveillance of uranium mills for 25 years. Iran has agreed to implement additional protocols and provide access and information to International Atomic Energy Agency (IAEA). The IAEA will also have regular access to all of Iran’s nuclear facilities (Samore, 2015).
Another benefit of sanctions being lifted could benefit the US economy, a study from 1995 to 2012 found that the US lost up to $175 billion in potential export revenue to Iran. Even with sanctions in place, Iran has the second-largest economy in the Middle East, with gas reserves and crude-oil reserves and a potential consumer market of close to seventy-seven million (Hassibi, 2014). Lifting sanctions can benefit the United States by bringing in more revenue sources, fostering a climate where intelligence can be gathered easier to prevent an unknown attack and see the capabilities of our potential adversaries and foster a relationship that could lead to peace.
One of the downsides of removing sanctions and allowing the cash revenue back into Iran is the money being funneled to aid terrorism. Lieutenant-General Gadi Eizenkot, Israel’s Chief of Staff, stated that Iran invests between seven hundred million to 1 billion each year to the terrorist group Hezbollah and about seventy million to Hamas (Williams, 2018). Iran was given about 150 billion in sanction relief, and after all its debts were settled, the end cost would be around fifty-five billion. Secretary of State John Kerry stated in 2016 that some of the relief funds would go to groups that some may see as terrorists (Labott, 2016). Iran has also pushed the boundaries of the deal by continuing to violate ballistic missile testing. In 2016, Iran was able to show off a new missile depot, which violated United Nations, and limited sanctions were put in place (Rubin, 2016).
Lifting sanctions, giving relief funds, and allowing Iran to enter the international market for revenue allowed Iran a chance to have an economic boom while making it exceedingly difficult for Iran to obtain nuclear weapons without military action (The White House, 2016). The IAEA will also be able to conduct inspections within nuclear facilities and see the progress being made and any suspicion of secret nuclear testing, which will be a better intelligence gathering than not being able to view the facilities. Though some of the funding may have gone to support terrorism, the amount of control of the Iran nuclear deal and the ability to prevent nuclear weapons manufacturing without causing a war outweighs the possible cons.
References
BBC News. (2015, July 14). Iran nuclear crisis: Six key points. Retrieved from BBC News: https://www.bbc.com/news/world-middle-east-32114862
BBC News. (2019, June 11). Iran nuclear deal: Key details. Retrieved from BBC News: https://www.bbc.com/news/world-middle-east-33521655
Hassibi, N. (2014, November 20). The Top 5 Reasons to Sign a Nuclear Deal with Iran. Retrieved from The National Interest: https://nationalinterest.org/feature/the-top-5-reasons-sign-nuclear-deal-iran-11705
Labott, E. (2016, January 21). John Kerry: Some sanctions relief money for Iran will go to terrorism. Retrieved from CNN Politics: https://www.cnn.com/2016/01/21/politics/john-kerry-money-iran-sanctions-terrorism/index.html
Rubin, J. (2016, January 18). Iran Sanctions lifted: Now what? Retrieved from The Washington Post: https://search-proquest-com.ezproxy1.apus.edu/blogs,-podcasts,-websites/iran-sanctions-lifted-now-what/docview/1757858336/se-2?accountid=8289
Samore, G. (2015). Decoding the Iran Nuclear Deal: Key Questions, Points of Divergence, Pros and Cons, Pending Legislation, and Essential Facts. Retrieved from Harvard Library: https://dash.harvard.edu/bitstream/handle/1/27029096/Decoding_the_Iran_Nuclear_Deal.pdf?sequence=1
The White House. (2016, January 16). The Historic Deal that Will Prevent Iran from Acquiring a nuclear weapon. Retrieved from The White House President Barack Obama: https://obamawhitehouse.archives.gov/issues/foreign-policy/iran-deal
Williams, D. (2018, January 2). Top Israeli general sees increased Iran spending on foreign wars. Retrieved from Reuters: https://www.reuters.com/article/us-iran-rallies-israel/top-israeli-general-sees-increased-iran-spending-on-foreign-wars-idUSKBN1ER0Q9
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