- August 22, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
President Donald Trump said US will pursue the “snapback” option in nuclear deal, after the U.S. lost a bid at the UN Security Council to extend the arms embargo on Iran.
- In July 2015, Iran and six countries reached a historic agreement called the Joint Comprehensive Plan of Action (JCPOA), popularly known as the Iran nuclear deal.
- The six major powers involved in these negotiations with Iran were known as the P5+1, which stands for the United Nations Security Council’s five permanent members (the US, France, the UK, China, and Russia) and Germany.
- The deal came together after two years of intense discussions and aimed to restrict Iran’s ability to develop nuclear weapons in exchange for lifting economic sanctions against Tehran.
- As part of the deal, Iran agreed to reduce its number of centrifuges – tube-shaped machines that help enrich uranium – by two-thirds. It also agreed to reduce its stockpile of enriched uranium by 98% and limit uranium enrichment to 3.67%.
- Iran agreed to give access to inspectors from the International Atomic Energy Agency (IAEA) to its nuclear facilities, among other facilities. The IAEA has repeatedly found Iran to be complying with the terms of the pact