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In News
- A new round of talks on the revival of a 2015 nuclear deal between Iran and world powers has begun in Vienna.
More about the news
- Iran signed the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), with world powers in July 2015.
- JCPOA agreed to curb Iran’s nuclear program in return for the removal of sanctions on the country.
- But, following the unilateral withdrawal of the United States in 2018 under its former president and the re-imposition of U.S. sanctions, Tehran has backtracked on its obligations.
- USA’s current Stand:
- It is ready to “re-engage in meaningful diplomacy” on the issue.
- It intends to rejoin the deal but insists that Iran must return to full compliance with the agreement first.
- USA’s current Stand:
Joint Comprehensive Plan of Action
International Atomic Energy Agency
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Significance for India
- Regional Connectivity:
- Removing sanctions will rekindle India’s interest in the Chabahar and Bandar Abbas ports.
- India also has an interest in the International North-South Transit Corridor (INSTC), which runs through Iran.
- It will improve connectivity with five Central Asian republics and will also get a boost.
- Indian Ocean Security:
- This would assist India in neutralising China’s footprint in Pakistan’s Gwadar port.
- Also, will help counter China’s alleged String of Pearls Policy.
- Energy Security:
- Due to the US’ Countering America’s Adversaries Through Sanctions Act (CAATSA), India has to bring down oil imports to zero.
- Re-establishment of links between the US and Iran will help India to procure cheap Iranian oil and aid in energy security.
Way ahead
- This is unlikely to be a meeting that resolves the outstanding issues” but “it could create the breakthrough necessary to push the talks towards a finishing line rather than a collapse.
- A restored deal could reduce the chances of another escalation and could further regional stability.
- India needs to balance diplomatic relationships with all the stakeholders to further its own interests.
Uranium as a Fuel
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Source: TH
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