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Will Iran Continue to Grow Their Nuclear Program?
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
In 2015, Iran agreed to a long-term nuclear accord with six other world powers, called the Joint Comprehensive Plan of Action. It came after years of tension over Iran’s efforts to develop nuclear weapons, even though they insisted the program was entirely peaceful, the international community was not convinced. The other side of the deal consisted of lifting sanctions that were crippling Iran’s economy. It was set to last 15 years after the “implementation day” which took place January of 2016. In May 2018, President Donald Trump withdrew the United States from the agreement, stating it failed to address Iran’s ballistic missile program. He reimpose sanctions and is now moving to diminish Iran’s oil exports. Resulting from this, Iranian President Hassan Rouhani announced they will no longer adhere to certain limits as they have not seen the deal’s envisioned economic benefits.