Iran’s economy was in tatters. Inflation was very high. The sanctions imposed on the country were very effective. The reason for the sanctions was that the world believed Iran was starting a program for a nuclear bomb. Iran said its program was not about a bomb.
The best idea for Iran was to agree to stop building a bomb that it said it was not building. The great powers of the West and China had long talks with Iran. The talks were about how Iran can prove it did not intend to develop nuclear weapons.
The parties reached and signed an agreement.
Iran now has done its part in reducing nuclear stockpiles. It is now time to lift most of the sanctions. About $150 billion is on the table. Is this a new day?
Most of the people in Iran are not optimistic. They do not think their government is on their side. One worker said, “I have not seen any excitement. They speak of billions of dollars coming. I do not expect those dollars to reach my pocket.”
Iran says it will use most of the money to invest in its infrastructure. Part of the money will go to restore pipelines and public services. Many observers suspect much of the money will go to support terrorists in the Middle East.
Many Iranians think that other countries will now start investing in Iran. They believe that the lifting of sanctions will open the flow of money from around the world.
There are politics behind this agreement. Reformers in Iran think the new day will be good for them. The hard-liners say Iran gave up too much to get too little.
Sounds a little like the United States.
No matter what, things are changing in Iran. The rest of the world will be watching.
Source: The New York Times January 16, 2016