Vienna – Obama’s opponents charge that Iran deal fails to do enough to ensure the clerical regime will never get the bomb, AFP reported Jan. 17, 2016.
Sunni Saudi Arabia, Iran’s other great regional rival, is also alarmed at the prospect of warmer US-Iran ties and of predominantly Shiite Iran, newly flush with oil revenues, increasing its influence.
EU foreign policy chief Federica Mogherini, representing the six world powers, said that as a result “multilateral and national economic and financial sanctions related to Iran’s nuclear program are lifted.”
Iran’s imminent return to the oil market has also contributed to the sharp slide in the price of crude to 12-year lows of under $30 per barrel this week, putting Riyadh’s public finances under strain — and meaning that Tehran’s oil bonanza will be less lucrative than it had hoped for.
The deal has more than a decade to run, which is likely to be a bumpy road, experts say, not least if more hardline governments take power in Tehran or Washington.