Building Upon the Ruins…

But, as many international deals in the recent months, the 2015 Iran Nuclear Deal reached there [1], almost symbolically, on the ruins of the old military fortifications turned to their better use, just a few days before suffered a battering by one of its main signatures, the USA, after their decision to pull-out from the deal.

My humility was even more overwhelming seeing that, a seemingly simple political pull-out, may have complex and far-reaching geopolitical consequences. Though the consequences of such, the apparently simple pull-out may not appear to be high, certainly not appearing as high as, initially also ignored, those of BREXIT, the breaking-up of this deal may turn-out to have much larger and more world-wide impacting geopolitical and geo- economical consequences than BREXIT.

For a start, the consequences are not only affecting Iran and its business or political leaders.

The prices of oil and gas have jumped around the world around 1%, bringing inherent benefits to their other net-exporters in the recent years including the US. In addition, whilst others, mainly politicians of the other members of the UN Security Council and those of EU are promising to remain in the Deal, their “foot-soldiers” (or “knights”) on the ground, the managers of the companies that started to trade with Iran since the Deal was signed, may now be facing financial fines, but potentially, also legal proceedings by the US if they continue trading with a state on which the US intends to re-impose some of old and some new trade sanctions.