Tag: nuclear deal

Effects of the U.S. Pulling out on the Iran Nuclear deal on Oil and Precious Metals

Effects of the U.S. Pulling out on the Iran Nuclear deal on Oil and Precious Metals

The Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action, offered Tehran billions of dollars in sanctions relief in exchange for agreeing to stop its nuclear program. The deal laid out a lengthy process spanning over 15-25 years that would be supervised by an eight-member committee, including Iran, the United States of America, Britain, France, Germany, Russia, China and the European Union. The agreed-upon nuclear deal aimed at limiting Iran’s ability to produce a nuclear weapon, in exchange for the removal of various sanctions imposed on it internationally. This agreement signed in Geneva states that the P5+1 namely China, France, Russia, the United Kingdom, and the United […]

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