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Iran Nuclear Deal
Why is it in news?
- Recently Chinses and Iranian official extended support to Iran Nuclear Deal and proposed new forum for the diffusion of tensions in West Asia.
Background:
- Iran has been locked in an acrimonious relationship with Saudi Arabia, the other major West Asian power, over the war in Yemen, Iranian influence in Iraq and Saudi support for Washington’s sanctions on Tehran.
- China proposed to build a regional multilateral dialogue platform with equal participation of all stakeholders.
Iran Nuclear Deal:
- It is also known as Joint Comprehensive Plan of Action.
- Signed in 2015, Iran agreed a long-term deal on its nuclear programme with a group of world powers known as the P5+1 - the US, UK, France, China, Russia and Germany.
- Under the accord, Iran agreed to limit its sensitive nuclear activities and allow in international inspectors in return for the lifting of crippling economic sanctions.
- It was negotiated by the Obama administration but ultimately abandoned by Donald Trump.