International security

The Geopolitics and Economics of the Iran Nuclear Deal

The Joint Comprehensive Plan of Action agreed to in Vienna by the P5+1 countries and Iran is clearly a landmark agreement, one which will significantly alter the political and economic balance of power in the Middle East, as well as the global strategic picture. However, amidst the chorus of celebration from many capitals around the world, and condemnations from Israel, some of the Gulf states, and certain segments in Iran, much of the geopolitical significance of the agreement has been overlooked.