As Europe is about to receive Iran’s biggest oil import in 5 years, the Nuclear Deal (JCPOA) signed in July 2015 between Iran and the six great powers (P5+1) has never looked so fragile. The new President Donald Trump has repeatedly cited Iran as one of the main threats against the United States’ national security and has denounced the JCPOA as a very bad deal that he wishes to cancel.
Although Trump’s Iranian counterpart Hassan Rouhani said the JCPOA can’t be renegotiated, Trump’s view of Iran as an adversarial power – Trump included Iran in its 90-day immigration ban – could negatively impact business prospects for US and European companies over there.
In addition to the economic sanctions which were unilaterally renewed by the US Congress, the now stronger Republican majority on Capitol Hill is said to be actively building case against the JCPOA and working at enforcing harsher sanctions against Iran. Although Senator Lindsey Graham likes the fact that Trump “wants to get a better deal,” there are people who don’t want any deal at all with Iran.