look news india
News India Live, Digital Desk: Amidst the worldwide nuclear war and Israel-Hamas war, Iran has given a statement which can create a big stir in international politics. Iran has clearly indicated that if America completely removes all the economic sanctions imposed on it, then it can consider diluting its stock of ‘Enriched Uranium’.
Iran’s new diplomacy: will the dispute be resolved?
This statement from Iran’s Foreign Ministry and Atomic Energy Agency is being considered a big step towards ‘reconciliation’. This stance of Iran is important for the following reasons:
Extent of Uranium Enrichment: Iran is currently enriching uranium to 60% purity, which is very close to making a nuclear weapon. Now he is talking about reducing it back.
Economy needs oxygen: Iran’s economy is in bad shape due to American sanctions. Removing restrictions related to oil export and international banking is Iran’s first priority.
Cooperation with IAEA: Iran has also indicated that it might be willing to grant more access to International Atomic Energy Agency (IAEA) inspectors provided it received concrete concessions in return.
What will be the impact on America and the world?
Amidst the changing regime in America and increasing tensions with Israel, the world is keeping an eye on the approach of President Joe Biden and Trump.
Control on nuclear arms race: If this deal happens, the nuclear arms race in the Middle East may stop.
Oil prices in global market: The lifting of sanctions on Iran means more crude oil supply in the global market, which could lower oil prices.
main cause of dispute
Remember that Donald Trump had pulled America out of the 2015 ‘Iran Nuclear Deal’ (JCPOA) in 2018, after which Iran gradually started increasing the limit of uranium enrichment. Now Iran is again placing the condition of returning to the old situation.
