Dubai, United Arab Emirates (AP) – Iran’s rial currency fell to a low near record on Thursday as concerns rose that European countries would begin on Thursday The process of reimposing UN sanctions The Islamic Republic is further narrowing the country’s disease economy with the Islamic Republic surrounding its nuclear program.
The move, called the “snapback” mechanism by diplomats who negotiated it in Iran’s 2015 nuclear deal with the world power, is designed to maintain rejection in front of the world’s bodies and could be enacted after a 30-day window. If implemented, the measure will again freeze Iranian assets overseas, Halt Arms will deal with Tehran and punish the development of ballistic missile programs, among other measures.
In Tehran on Thursday, RIAL traded over a dollar, over a million. At the time of the 2015 agreement, it traded between 32,000 and a dollar, indicating a sudden collapse of the currency that followed. The Real reached $1 in April with a real of 1,043,000.
France, Germany and the UK warned on August 8th Iran It could cause snapback when Israel halts inspections by the International Atomic Energy Agency after attacks at the start of both countries. 12 Days of War in June. The Israeli attack then killed Tehran’s top military leader and saw the supreme leader Ayatollah Ali Khamenei in hiding.
Iran threatened to abandon all cooperation with the IAEA if “snapback” moves forward.
“If this happened, we told them that the pathways open to work with the IAEA would be completely affected and that the process would likely be halted,” Deputy Minister Kazem Galibabadi told state television. “If they choose to snap back, it makes no sense for Iran to continue working with them.”
In other words, attempting to use a “snapback” mechanism could raise even more tensions between Iran and the West in the Middle East, still burning in the Israeli-Hamas War in the Gaza Strip.
“The US and its European partners believe that the ‘snapback’ is strategically weak and that they will not be able to reconstruct the nuclear program that was damaged by the US-Israel strikes,” the New York-based Soo Fan Center think tank said Thursday.
“Iranian leaders are recognising the snapback of sanctions as a Western effort to indefinitely weaken Iran’s economy and stimulate general anxiety probably enough to break away from Iran’s regime.”
Iran appears to have resigned
Iran initially downplayed the threat of new sanctions and engaged in almost invisible diplomacy for weeks after European warnings. A short diplomatic push Recently, it highlights the chaos that holds that theocratic politics.
Speaking last week, Foreign Minister Abbas Aragut, spoke last week, gave Iran’s deadly views on diplomacy with the West, particularly when Israelis began the war, similar to the sixth round of negotiations with the United States.
“We weren’t meetings when the war broke out? So negotiations alone can’t prevent the war,” Araguchi told the state-run IRNA news agency. “Sometimes war is inevitable, and diplomacy alone cannot prevent it.”
The problem is Iran’s nuclear enrichment
Before the June war, Iran had enriched uranium at up to 60% purity. Also, if they chose to do so, they built a stockpile containing well-enriched uranium to build multiple atomic bombs.
Iran Long had an aggressive nuclear weapons programme for Western countries and IAEA assessments Tehran until 2003, claiming that the programme is peaceful.
It remains unknown how much Israel and the United States hit nuclear presence during the war disrupts Iran’s programmes.
Under the 2015 deal, Iran agreed to allow even greater access by the IAEA More to the nuclear program than what agents have in other member states. This includes permanent installation of cameras and sensors at nuclear sites. Another device known as online enrichment monitors measured uranium enrichment levels at the Natanz nuclear facility in Iran.
The IAEA also regularly dispatched inspectors to Iranian sites to conduct investigations and collected environmental samples with cotton garments and cotton swabs, sometimes tested at IAEA labs in Austria. Others monitor Iranian sites via satellite imagery.
However, since the US unilaterally withdrawal from Iran’s nuclear deal in 2018, IAEA inspectors have not yet accessed those sites, facing increased restrictions on their activities. Meanwhile, Iran says it moved uranium and other equipment before the strike. Perhaps it will be a new, undeclared site that increases the risk that monitors may track program status.
On Wednesday, IAEA inspectors were there to watch Fuel exchange at Iran’s Bushell reactorwill be carried out with technical assistance from Russia.
European countries have set deadlines
In a letter on August 8, three European countries warned Iran that they would proceed with a “snapback” by the end of August if Tehran fails to reach a “satisfactory solution” to the nuclear issue. There was little time when Iran was likely to reach an agreement with Europeans increasingly skeptical of Iran. Years of decisive negotiations on the nuclear program.
The snapback mechanism for this transaction expired on October 18th, putting the three European countries in a situation where it is likely that they now think it’s time to act. Under the snapback, parties to the transaction can discover that Iran is violating and raise new sanctions.
After it expires, sanctions efforts will face rejection from China and Russia of UN Security Council members who had previously provided some support to Iran but remained in the June war. China is also a major buyer of Iranian crude oil, and there are things that could be affected by “snapbacks.”
Russia has recently raised a proposal to extend the life expectancy of a UN resolution that recognizes the power of “snapback.” Russia is also planning to take the UN Security Council presidency in October, likely putting pressure on Europeans to act.
___
Associated Press writer Amir Vardatt and Medi Fattahi in Tehran, Iran contributed to the report.
___
The Associated Press is Carnegie Corporation in New York and Autorider Foundation. AP is solely responsible for all content.
___
Additional AP coverage for nuclear landscapes: https://apnews.com/projects/the-new-nucleul-landscape/
