Snapback

Iran’s Foreign Minister Abbas Araqchi warned Europe against triggering the so-called “snapback mechanism” to re-impose the United Nations sanctions on the country, saying it will be met with Tehran’s response.

Iran’s oil exports would remain almost unscathed if a series of old UN sanctions are reimposed on the country as part of the so-called snapback mechanism that European powers have threatened to trigger to force Tehran to change its nuclear policy, according to a report.

EghtesadOnline: The United States has set up a trap for European parties to the Iran nuclear deal by pushing to trigger the agreement's dispute resolution mechanism that could lead to the restoration of United Nations’ sanctions on Iran, a foreign policy expert said.

EghtesadOnline: Iran needs to refrain from engaging in a dispute with the United States over the sanctions snapback mechanism and should instead focus on securing its rights under the 2015 nuclear deal, an international law expert says.

EghtesadOnline: The idea of triggering the 2015 nuclear deal's dispute resolution mechanism, which could lead to the return of global sanctions against Iran, was not discussed during the recent meeting of the agreement's Joint Commission, according to a top Iranian diplomat, despite previous hints by European countries about considering it as an option.

EghtesadOnline: Europe is unlikely to trigger sanctions snapback because there is still room for diplomacy with Iran, says a political analyst, who believes that European warnings are meant to dissuade Tehran from further reducing its compliance with the nuclear deal.