The Islamic Republic of Iran, which turns 40 in April 2019, has come a long way from the Persia of the past. Some changes in the last four decades have been beneficial, and while people do support the regime, they are disaffected with its handling of the economy and foreign affairs
The world order that came about in the aftermath of World War II was a western-oriented construct that has become obsolete in many ways. The changes underway offer India an opportunity to participate in the crafting of political and economic institutions that are more pertinent to the emerging geopolitical equations
This speech was delivered at ‘Industry Meet 2018’, organised by the Indian Institute of Management, Indore, in collaboration with the Ministry of External Affairs, Government of India, on 7 July 2018
Scrapping the JCPOA will badly bruise Iran’s economy, citizens and foreign relations; it will have an impact on the U.S.’ allies too
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
Iran’s former president Mahmoud Ahmadinejad’s disqualification from contesting the May 2017 presidential election has reduced the number of aspirants to six. The winner may well be a contender for the post of next Supreme Leader too
International peace and security is perpetually in danger from the threat of nuclear weapons. In recent weeks, under the current U.S. Administration, the diplomatic success of the Iran Nuclear Deal is threatened while tensions build in the Sea of Japan over North Korean activities.
As Iran emerges from three decade of economic sanctions, it has embarked on a quest to reunite with its traditional trade partners like India. Both countries have much to give and take as they invigorate trade ties and explore new possibilities.
The sanctions against Iran impacted the country’s oil, banking, aviation, and other sectors, and had a major humanitarian impact. But neither is armed attack a more suitable method in most instances to address allegedly recalcitrant states. What then is the middle ground? And can the UNSC assume a more proactive role in this context?
The nuclear deal with Iran benefits India and Pakistan in terms of energy security and connectivity. But both countries also face challenges in their prospective engagement with Tehran, and both will have to tread carefully while using the new opportunities.