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Significance
Although the extension is not a formal violation, it reflects rising tensions over the July 2015 deal. The US presidential election victory of Donald Trump has raised questions over its future. Trump dislikes the agreement, as do hardliners in Iran, and it is no longer likely to be implemented as originally planned.
Impacts
Aggressive US sanctions would deter European investment, creating opportunities for Asian investors.
In the absence of a strong conservative candidate, a May 2017 election victory for President Hassan Rouhani is still probable.
Washington’s likely scuppering of the sale of commercial aircraft could be a powerful political symbol for Iranian hardliners.
Keywords:
Iran,
United States,
ME/NAF,
China,
EU,
Russia,
United Nations,
France,
Germany,
Gulf states,
Iraq,
Israel,
Syria,
United Kingdom,
Yemen,
IRAN/US,
economy,
international relations,
politics,
foreign trade,
legislation,
nuclear energy,
nuclear weapons,
sanctions,
treaty
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2016
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