World leaders meet in Vienna to salvage Iran nuclear deal

1

Published -

World leaders meet in Vienna

An emergency meeting was held in Vienna in an effort to save the Iran nuclear deal as Iran continues to provoke the west with aggressive actions in the Gulf.

What is the special purpose vehicle and how does it relate to the Iran nuclear deal?

On Friday, July 6th, world leaders met in Vienna to discuss the future of the Iran nuclear deal. The United States pulled out of the agreement earlier this year, which has caused concern amongst other countries involved in the pact.

The Joint Comprehensive Plan of Action (JCPOA) was signed in 2015 by Iran, the US, the UK, France, Germany, China, and Russia. The agreement aimed to limit Iran’s nuclear activity in exchange for the lifting of economic sanctions. Iran has warned that without the US’s involvement, it may be forced to restart its nuclear program.

The meeting in Vienna was led by European Union foreign policy chief Federica Mogherini, who has pledged to save the agreement. Speaking to reporters on Friday, Mogherini said, “We are here to make sure that the SPV – the special purpose vehicle – which we are in the process of setting up, for Iran to benefit from staying in the agreement despite the withdrawal of the United States, will be fully operational and workable, as well as to make sure that the Iranian oil and gas exports remain, in fact, in place.”

The special purpose vehicle is designed to allow countries to trade with Iran without violating US sanctions. The European Union hopes that the SPV will be fully operational by November 4th, the date when US sanctions against Iran are set to go into effect.

In addition to the EU, Russia and China also support keeping the deal intact. Iranian officials have expressed concerns that the remaining countries in the pact may not be able to protect Iran’s economic interests from the US’s economic clout.

Despite these concerns, Mogherini remains optimistic about the future of the JCPOA. “As of today, I can say with certainty that we continue to fully and to respect the agreement. We are determined to continue to full implementation of the JCPOA,” she said at the meeting.

The future of the Iran nuclear deal may be uncertain, given the uncertainty of US foreign policy. But with the backing of the EU, Russia, and China, and the continued commitment of Iran, the agreement may yet survive. The Vienna meeting was a critical step in saving the deal, and the coming months will be vital in determining whether the agreement will continue to hold.

8 Total Score

User Rating: 4 (1 vote)
Read More
Filter by
Post Page
Headlines Breaking News Economics World News
Sort by

McEnany calls on Dem leaders to take action against rising violence

McEnany calls on Dem leaders. Trump offers federal

10

Sanders and Warren slammed over “fairy tale” proposals in 2020 debate

Democrats clashed during Tuesday night’s debate in Detroit, as progressive Senators Bernie Sanders and

1

Apple Q3 2019 results: iPhone revenue hits 7-year low

Apple Inc iPhone sales have dropped to less than half of quarterly revenue for the first time in seven

1

Baltimore battle overshadows positive economic news for Trump

Battle overshadows positive economic news for

1

Elizabeth Warren’s trade plan is economic fantasy: Varney

An economic fantasy. FBN’s Stuart Varney on

1

Trump continues to put pressure on the Fed to lower rates

Pressure on the Fed to lower rates. Belpointe

1

Elizabeth Warren: We won’t win this moment with spinelessness

Elizabeth Warren Democratic presidential candidate

1

Highlights from Night 1 of the Democratic debate in Detroit

 Democratic debate in Detroit. There were

1

What’s going on with China’s economy? – BBC News

China’s economic growth is slowing down. But what’s really going on in the world’s second largest

1

Brexit: UK’s new PM accused of pursuing ‘no-deal’ – BBC News

Britain’s new Prime Minister Boris Johnson says he’s ‘very confident’ a new Brexit deal can be reached with th

1

Dubai: Expectation vs reality – BBC News

Dubai – perhaps the best known city of the United Arab Emirates, with a reputation for attracting the glamorous and

1

India’s campaigning Miss World – BBC News

Miss World Current Miss World, India’s

1

Why the Global Chip Shortage Is Hard to Overcome | WSJ

Why the Global Chip Shortage Is Hard to Overcome

A global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. WSJ visits a

1

From $0 to $600K per month Selling Tea at 22 Years Old | Gretta Van Riel

Within just 6 months of starting her first ecommerce business, it was generating $600,000 USD per month (without

1

How To Run A Profitable Business & Make Money

What are clients really asking when say, “How much does this cost?” What I wished I knew when

1

Sneaky Ways Trader Joe’s Gets You To Spend Money

Trader Joe’s has developed a cult-like following over the years. Trader Joe’s made $13.3 Billion

1

Smart Online Shopping

If you’re like millions of other Internet users and myself, you are doing more online shopping these

1

6 Proven Ways to Earn Money Online!

The internet is a wealth-creating

1

Kyle Caldwell – Nonprofits and the Hybrid Business Model

Nonprofits and the Hybrid Business Mr. Kyle

1

Blockchain Explained

Blockchain Explained Most people know it has

1

How To Work Less & Be More Productive – Tim Ferriss

Tim Ferriss has been listed as one of Fast Company‘s “Most Innovative Business People” and one of Fortune‘s “40 unde

1

If You Want To Escape Poverty, DO THIS NOW!

“MAKING MONEY IS EASY” Special thanks to Tom Bilyeu for this amazing interview.

1

Tips and hints for finding deals and saving money on Amazon

Need a book? The old way to buy it would be to go to a brick-and-mortar shop. But the new and improved way

1

InfoSearched | News Research & Information
Logo