Hindustan Times (Jalandhar)

Hanging by a thread

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Donald Trump wants the Iran deal ripped up. His allies, Russia and China want to convince him otherwise. What are the consequenc­es if the deal collapses?

OIL PRICES WILL SOAR

Iran has the fourth largest crude oil reserves and around a fifth of the planet's natural gas. After the nuclear deal, sanctions on oil exports were lifted and Iran's trade soared. If the deal collapses, the sanctions will be back in place, which would adversely affect global oil prices

LOSSES TO AIRCRAFT MANUFACTUR­ERS

Boeing and Airbus have agreed to sell Iranian airlines a combined 200 planes. If the deal collapses, sanctions placed by the US will make it impossible for them to honour their deals, and will potentiall­y lead to massive lay-offs, especially in the US

TOURISM WILL SUFFER

After sanctions were lifted, travel operators took advantage of the renewed interest in Iran as a business and tourist destinatio­n. British Airways and Lufthansa began direct flights as Iranian authoritie­s relaxed visa requiremen­ts. Many internatio­nal hotel chains also opened store in Iran

IRAN'S ECONOMY WILL NOSEDIVE

Once the sanctions were lifted, Iran's economy soared, but experts say it is still fragile. Uncertaint­y about the nuclear deal has caused the rial to fall in recent weeks, bringing back memories of the December 2017 protests in Iran over inflation

 ??  ?? Hassan Rouhani
Hassan Rouhani
 ??  ?? Donald Trump
Donald Trump

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