On Saturday May 9^th a transformer fire broke out in New York. While this was a seemingly innocuous event, there was more to the incident than just a fire. It broke out at the site of a nuclear power plant, located only about 35 miles from Manhattan. While the fire never spread to the nuclear power plant itself and there was no immediate threat of a nuclear meltdown, the potential danger was concerning. Yet these risks are just part of the balancing act that is required to harness nuclear power for energy. Read on to learn about the development of nuclear energy, its risks, and its rewards.

History of Nuclear Power

Developing the Technology

The first notions of atoms can be traced all the way back to the ancient Greeks, who philosophized about tiny, unseen elements which combine to form the world around us. But the real work on nuclear energy essentially started in the early years of the 20th century. In the late 1930s, German scientists, following the previous example set by Italian physicist Enrico Fermi, bombarded uranium with neutron, causing it to split. The experiment and subsequent efforts revealed that during the fission process some mass is converted into energy.

In 1942, Fermi took the next step by achieving a self-sustaining chain reaction underneath the University of Chicago’s athletic stadium. This step effectively ushered in the nuclear age. During WWII this field was mainly focused on harnessing the power of the fission reaction into some type of weapon. However, following the war focus returned to producing energy from the reaction, as part of the Atomic Energy Commission created by Congress in 1946. The first reactor to produce electricity was in Idaho on December 20, 1951. The first nuclear powered plant that created power for public use in the United States was in Shippingport, Pennsylvania in 1957.

How do nuclear power plants work?

There are two types of nuclear power plants and they work in separate ways to generate power. In a pressurized water reactor, water is pressurized but not allowed to boil. The water is then streamed though pipes and turned in to steam which powers the generators. In this type of reactor, the water creating the steam and the water in the reactor do not mix.

The other type is known as a boiling water reactor. As the name implies, in this case the water is allowed to boil and turns into steam through fission. The steam, like in the pressurized reactors, turns the generators, which create electricity. In both systems, the water can also be reused once it has been reconverted from steam back into its liquid form.

The Nuclear Power Industry

Following the opening of the plant in Pennsylvania, the industry continued to grow rapidly throughout the 1960s as corporations across the U.S. saw the possibility of a power source that was viewed as a cheaper, safer, and more environmentally friendly than traditional sources, such as coal. However, this trend began to reverse in the 1970s and 80s as the popular opinion of nuclear power became negative and many of the strong selling points of nuclear energy became areas of concern.

Nevertheless, as of January 2015, 31 countries were operating 439 nuclear power plants worldwide, although the number of operating plants can fluctuate slightly based on different definitions of the term “operable.” The United States has the most plants at 99, almost twice as many as the next country France, which has 58. The plants themselves are located predominately in what are commonly considered the more developed countries. One of the major explanations for this phenomenon are the high costs required to build a nuclear power plant. Another major factor in the peaceful use of nuclear power is the Nuclear Non-Proliferation Treaty or NPT.

Nuclear Non-Proliferation Treaty

The Nuclear Non-Proliferation Treaty (NPT) has been one of bedrocks for peacefully spreading, and at times hampering, the spread of nuclear power worldwide. The first step can probably be traced back to a speech given by President Dwight Eisenhower. This speech, coined the “Atoms for Peace” speech, provided a blueprint for effectively managing nuclear proliferation following WWII. It also paved the way for spreading nuclear technology in a positive way.

While many of the suggested measures from Eisenhower’s speech were not taken, the International Atomic Energy Agency was born out of his ideas. This agency provided the prospect of nuclear knowledge in exchange for agreeing to safeguards and arms limits. While it worked in some cases, it could not halt the military aspect of nuclear research. It did however help give rise to the NPT.

The NPT divided countries into the proverbial nuclear weapon haves and have nots. Its requirements were also essentially the same, in return for allowing inspections countries were giving technical knowhow. While there are many criticisms levied against the NPT, it did work to prevent the spread of nuclear weapons, while helping some nations gain nuclear power as an energy source.

A Series of Unfortunate Events

Despite all the efforts made to safeguard nuclear energy, there are still many concerns over the safety of nuclear power plants. This danger has manifested itself several times over the course of the nuclear power age, both internationally and abroad.

The worst nuclear power plant disaster in history was in Chernobyl, Ukraine which was then part of the Soviet Union. During the disaster, 50 people were killed at the plant and as many as a million more were exposed to the radiation. The amount of radioactive fallout released into the air, as a result, was 400 times more than what had been released in the bomb that was dropped on Hiroshima in 1945.

Domestically, the worst nuclear energy disaster was the Three Mile Island incident in 1979. During the crisis on an island in Pennsylvania, a full nuclear meltdown was narrowly avoided and no one was killed. Nonetheless, the stigma created from the ordeal was a key contributing factor to the decline of new nuclear plants in the U.S. during the 1970s and 80s.

The most recent disaster came in 2011 in Fukushima, Japan. During this disaster a massive earthquake, followed by a tsunami, damaged the nuclear reactors in Fukushima. This led to a nuclear meltdown that killed as many as 1000 people trying to evacuate the area.

These are just three examples, but there are more, both in the U.S. and abroad. While nuclear energy has been lauded for its sustainability and limited impact on the environment, the threat of a nuclear meltdown is a major consideration in regards to expanding the technology going forward.

The Future of Nuclear Energy

With last week’s fire at a nuclear facility rekindling fears over the dangers of nuclear technology, what exactly is the future of nuclear energy both domestically and abroad? In answering that, two aspects need to be considered, namely nuclear waste and security.

Waste

Although nuclear energy is often touted as a clean alternative to other energy sources, such as coal and natural gas, it has its own waste issues. In the U.S. alone each year approximately 2000 metric tons of high-level radioactive waste are generated. Troublingly, there is no permanent repository for this nuclear waste so it remains stored on site, potentially vulnerable to attack and leakage.

The waste issue continues further down the supply chain as well. The mining of uranium, which occurs mostly outside of the U.S. and therefore also partly nullifies any argument in relation to energy independence, is a very harrowing experience. A number of chemicals are used to mine Uranium which poison both the surrounding environment and the workers involved in the extraction.

Security

Along with waste is the issue of security. It has already been shown that the security of a nuclear power plant can be jeopardized by human error and natural disasters. However after 9/11 there have been fears of a terrorist attack on a nuclear facility. While the nuclear plants are supposedly protected by measures designed by the Nuclear Regulatory Commission (NRC), there are acknowledged vulnerabilities.

Air and sea attacks could be problematic, as well as multiple coordinated attacks on a facility at once. Spent nuclear rods are particularly vulnerable to attack as they sit outside of controlled nuclear reactors. While the NRC has made strides in some of these categories, especially in regards to potential air strikes, concerns remain that it still falls short in other categories such as potential land and sea assaults. Furthermore, force on force tests–staged attacks on nuclear plants–showed at least 5 percent of plants are still not adequately protected even after changes were made to increase protection following 9/11.

These fears include other worries that stem from the Soviet collapse of the early 90s. These are centered on what are termed as “loose nukes”– unaccounted nuclear weapons from the Soviet Union. Similar concerns may also arise as civil wars continue in countries such as Iraq or Syria who at one time were known to be pursuing nuclear weapons.

Staying the course?

Coupled with waste and security concerns are also cost considerations. Nuclear power plants are very expensive to maintain and suffer a failure rate, in regards to financing, of over 50 percent, meaning tax payers are often required to bail them out. In light of all these considerations and with other truer sustainable energy sources it would seem the days of nuclear energy would be numbered.

This assumption is wrong however, as already 70 new plants are under construction with 400 more proposed worldwide. While many of these will never leave the drawing table, the rise in construction and planning of new nuclear plants points to nuclear power’s proven track record in at least one regard–battling CO2 emissions and producing power on a scale that currently far exceeds any other renewable options.

This option is particularly attractive to countries with state-run governments that can commit to long term investments and are desperate to move beyond major polluters such as coal-power plants, such as China. Meanwhile in Western democracies while some construction is planned, many are working toward phasing out nuclear power altogether. In this regard Germany is leading the pack and has pledged to be completely nuclear free by 2022. The following video explores the future of nuclear power:

Conclusion

Nuclear energy seems to be the ultimate compromise. While it is cleaner than coal or gas plants, it still produces radioactive waste that has no long term storage location and takes thousands of years to decay. Conversely it has a proven track record and while it may cost more to build new nuclear facilities than any other energy source, the energy produced far outpaces many alternatives. Thus, the world with its ever growing energy demands is left to maintain the delicate balance. We are still in the nuclear age, although how long we’ll stay here remains uncertain.

Resources

Primary

Department of Energy: The History of Nuclear Energy

Additional

United States History: International Atomic Energy Agency

Physicians for Social Responsibility: Dirty, Dangerous and Expensive The Truth About Nuclear Power

CNN: After Explosion at Nuclear Plant, Concerns of Environmental Damage

Duke Energy: How Do Nuclear Plants Work?

European Nuclear Society: Nuclear Power Plants Worldwide

Arms Control Association: Arms Control Today

Foreign Policy: Think Again Nuclear Proliferation

CNBC: 11 Nuclear Meltdowns and Disasters

World Nuclear Association: Fukushima Accident

Union of Concerned Scientists: Nuclear Plant Security

BBC News: Nuclear power Energy for the Future or Relic of the Past?

Michael Sliwinski

Michael Sliwinski (@MoneyMike4289) is a 2011 graduate of Ohio University in Athens with a Bachelor’s in History, as well as a 2014 graduate of the University of Georgia with a Master’s in International Policy. In his free time he enjoys writing, reading, and outdoor activites, particularly basketball. Contact Michael at staff@LawStreetMedia.com.

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The United States and Iran, along with a number of other world powers, reached a tentative deal on April 2, 2015, that would prevent the Iranians from developing nuclear weapons. The deal required a tremendous amount of time and work to come together. With all these moving parts it’s not surprising that there have been varied reactions around the world. Regardless, if finalized, the deal will have wide-reaching ramifications both regionally and across the globe. Read on to learn about the current agreement, its impact, and what could happen if it falls through.

The Deal

So what exactly is this “deal” to which Iran, the U.S., and the other nations agreed?

Iran’s Requirements

To begin, Iran will reduce its number of centrifuges and lessen its stockpile of low-enriched uranium. Excesses of both will be handed over to the the International Atomic Energy Agency (IAEA) for safe storage. Iran will also stop enriching uranium at its Fordow facility and will not build any new enrichment facilities. Only one plant, Natanz, will continue to enrich uranium, although in lesser amounts. Additionally, Iran will halt research on uranium enrichment concerning spent fuel rods and will either postpone or reduce research on general uranium enrichment and on advanced types of centrifuges. Iran, by following through with these commitments, will abide by its requirements as a member of the Nuclear Non-Proliferation Treaty (NPT). In addition, Iran will open itself completely to IAEA inspections. The overarching goal is to change the timeline of Iran’s ability to build a nuclear weapon from a few months to at least a year.

U.S. and E.U. Requirements

On the other side of the deal are the U.S. and the E.U. These parties will begin lifting sanctions on Iran once it has been verified that it is complying with the agreed conditions concerning the nuclear framework agreement. These sanctions include a number of limitations that have hurt the Iranian economy. Specifically, the E.U. sanctions include trade restrictions on uranium-related equipment, asset freezes, a ban on transactions with Iranian financial institutions, and a ban on Iranian energy products. The U.S. has been levying sanctions on Iran since 1979; these include most of those imposed by the E.U. as well as sanctions on basically all types of trade with Iran, other than aid-related equipment.

The sanctions lifted will only be those levied in relation to Iran’s nuclear weapons program; other sanctions that are a result of human rights violations for example, will remain in place. Additionally, if Iran violates the terms of the agreement, the original sanctions can go back into effect. The following video explains in detail what the Iranians agreed to and what the U.S. and other world powers are offering in return.

Roadblocks to the Deal

While a framework is in place and the Obama Administration hailed it as progress, there are still several potential challenges that could derail the agreement before it is finalized in June. Each side appears to have to contend with at least one formidable roadblock to the deal’s success.

In the U.S., Congress still isn’t quite on board. For the U.S. to lift sanctions, President Obama needs Congress to approve the deal; however, due to consistent fighting with Congress, the president has been reluctant to leave it in their hands. Nevertheless, thanks to an agreement on April 14, 2015, Congress will now get to vote on a finalized deal if it is reached by June 30, 2015. While this may appear as yet another defeat for the president and pose a dark outlook for the nuclear agreement, the compromise reached with Congress ensures they will have a say.

Another potential roadblock is Israel. While the country does not have any direct say in whether the deal happens or not, it is not without influence.  As Netanyahu’s recent visit to the U.S. shows, he has Congress’ ear, and could prove an effective lobbyist.

On the Iranian side, dissent has emerged from the arguably most powerful voice in the entire country, Ayatollah Ali Khamenei, the Supreme Leader of the country. In a recent speech he called for sanctions to be lifted immediately upon finalization of the deal, meaning Iran would not have to proove its sincerity first. Khamenei is an unquestioned power in Iran, so this could be a big problem. The video below reiterates the obstacles to finalizing an Iranian nuclear deal.

Impact of the Agreement

The impact of a successful Iran-U.S. deal would be monumental on national, regional, and global levels.

National Importance

Perhaps no party will reap the benefits of this deal as much as Iran itself. With a deal in place, Iran’s economic struggles as a result of the sanctions will be softened. Iran has the opportunity to improve its economy dramatically. When the sanctions are lifted, Iran can enjoy a $100 billion windfall in oil profits that have been frozen as part of the sanctions. Additionally, Iran can follow through on a number of oil pipeline projects it had in place, but was unable to complete due to the sanctions. Lastly, with U.S. cooperation, Iran will be able to more efficiently develop its large oil and natural gas reserves with American technology.

Regional Importance

While Iran stands to gain the most, there will also be changes for the region as a whole. In agreeing to this deal, Iran did not agree to limit its actions in the ongoing conflicts in Lebanon, Syria, and its proxy war in Yemen, which is especially important as it is part of the larger feud between Iran and Saudi Arabia. Saudi Arabia has been in competition with Iran, its ideological and religious counter, for leadership of the Middle East for years. The two have engaged indirectly in a number of conflicts for the hearts and minds of the region. While the nuclear deal likely eliminates a potential nuclear arms race between the conflicting sides, it does nothing to prevent Iran from continuing to vie for control of the region.

Israel shares a similar fear of Iran’s growing influence. Iran is a chief supporter of Hezbollah, a group based in Lebanon that strongly opposes Israel. Additionally, Israel, while not declared, is a well-known nuclear power. These nuclear weapons provide Israel with the ultimate deterrent against larger countries like Iran. Israel therefore fears the Iran nuclear deal because it believes the deal will further empower Iran.

Global Importance

Lastly is the impact of the deal within the global community, beginning with the United States. Many experts expect a huge increase in the world oil supply once the sanctions are lifted. American corporations will benefit not only from cheaper prices, but also from access to developing Iranian energy supplies.

The deal could also help countries such as India, which also benefits from cheap energy as well as increased access to development projects in Iran. China is yet another country that can use another source of cheap oil, but by agreeing to a deal with the U.S., Iran may have taken itself out of the orbit of a sympathetic China. Along a similar vein, Russia, whose economy lives and dies with energy prices, does not need another competitor to bring the price of oil down even further, which is likely to happen.  The video below explains further what the implications of the Iran nuclear deal are.

Thus the Iran deal means something different to all parties at every level of foreign affairs, but the consensus is that it is important to all sides.

 Conclusion

On paper the Iran nuclear deal is a win for most parties. The problem is the deal is not on paper yet, as only a framework has been reached. While even getting this far can seem like a monumental step when history is factored in, that same history has the potential to undo everything achieved so far. Whether or not all sides end up getting on board with this deal remains to be seen.

Resources

Business Insider: Here’s the Text of the Iran Nuclear Framework

Al Jazeera: Why Saudi Arabia and Israel Oppose the Iran Nuclear Deal

Reuters: Kerry Says He Stands by Presentation of Iran Nuclear Deal

The New York Times: Obama Yields, Allowing Congress Say on Iran Nuclear Deal

BBC News: Iran Nuclear Crisis: What Are the Sanctions?

Cato Institute: Remaining Obstacles to the Iran Nuclear Deal

Daily Star: Region to Feel the Effects of Iran Nuclear Deal

The New York Times: Israeli Response to Iran Nuclear Deal Could Have Broader Implications

Quora: What Could Be an Impact on a Global Level of Iran’s Nuclear Deal?

BBC News: Iran-U.S. Relations

Atlantic: What Are the Alternatives to Obama’s Nuclear Deal with Iran

Michael Sliwinski

Michael Sliwinski (@MoneyMike4289) is a 2011 graduate of Ohio University in Athens with a Bachelor’s in History, as well as a 2014 graduate of the University of Georgia with a Master’s in International Policy. In his free time he enjoys writing, reading, and outdoor activites, particularly basketball. Contact Michael at staff@LawStreetMedia.com.

The post A Castle Made of Sand? The Iranian Nuclear Deal Moves Forward appeared first on Law Street.

Iran and the major world powers (the United States, the United Kingdom, France, Russia, China, and Germany) have less than two weeks to come to a deal on Iran’s controversial nuclear program. As talks continue in Vienna, here’s your guide to everything you need to know about why the United States doesn’t want Iran to have nukes, whether or not a deal will be worked out, and what options remain if talks fail.

UPDATE: July 22, 2014

How long has Iran had a nuclear program?

Iran has had a nuclear program in some form since the 1950s. Oddly enough, the United States helped Iran lay the foundation for their programs with President Eisenhower’s Atoms For Peace initiative. Atoms For Peace exported nuclear materials, including highly enriched uranium. This program was merely for developing peaceful uses for nuclear energy around the globe. Eisenhower did not intend to develop a nuclear weapons system in Iran.

Iran’s nuclear energy program was supported by the United States in some capacity until the Islamic Revolution in 1979. Iran was then left without international support and continued to develop its nuclear program.

Iran has always insisted that its program is merely for energy, but the International Atomic Energy Agency (IAEA) and the leaders of many Western nations have accused Iran of developing nuclear weapons.

Is Iran allowed to have nuclear weapons?

If Iran is making nuclear weapons, and most signs point to this being true, then it would be violating international law. Iran is a signatory, along with every country but North Korea, Pakistan, India, Israel, and the South Sudan, to the The Treaty on the Non-Proliferation of Nuclear Weapons (NPT). This treaty holds signatory nations to three main points:

1. The signatory nation must not create nuclear weapons.
2. Signatory nations must disarm themselves of all nuclear weapons.
3. All signatory nations have the right to use nuclear technology for peaceful purposes.

It is important to note that the NPT labels the United States, Russia, the United Kingdom, France, and China as nuclear-weapons states. This means that they do not have to disarm. They only have to negotiate in good faith to work toward disarmament.

Iran often cites point three in its defense, while critics argue that the country is violating points one and two.

Here is a NATO overview of the NPT:

Why does the United States not want Iran to have nukes?

There are few reasons the United States does not want Iran to have nuclear weapons. The main reason is that the United States and Iran have not been on good terms in the past few decades.

In 1953, the CIA was involved in overthrowing Iran’s democratically elected government and replacing it with the Shah, a monarch who was friendly to the interests of the United States. The Iranian people remembered this when they overthrew this government during the Islamic Revolution. This, plus the fact that the United States took in the Shah after his exile from Iran, is why revolutionaries held diplomats hostage at the American embassy in Iran  for 444 days. Relations have been cold ever since. This video provides a more in-depth summary of U.S.-Iran relations:

There’s another big reason the United States does not want Iran to have nukes: Iran is geographically close to Israel, a close American ally. The Iranian government does not like Israel, and the Israeli government does not like Iran. For emphasis, these two countries really do not like each other. Israel’s nuclear arsenal is one of the worst kept secrets in international politics, and letting its  adversary also have nuclear weapons is a recipe for trouble.

A third concern is that Iran could spark a domino effect of sorts in the region. If Iran has nukes, then Saudi Arabia will want nukes, which will motivate another Middle Eastern country after another to get nukes until the Middle East, a rather unstable region, is covered in warheads.

How has America tried to stop Iran?

For now, the United States, and many other countries, has used economic sanctions to make Iran stop its nuclear problem. According to the State Department, these sanctions target the Iranian sectors of finance, transportation, shipping, energy, and more.

Why is Iran willing to talk now?

There are two reasons that Iran is willing to come to an agreement with the world’s powers.

First, the sanctions worked. The economic punishments vastly increased the average Iranian’s cost of living and increased Iran’s inflation rate to a staggering 40 percent. This can be mostly attributed to the American and European embargoes on Iranian oil. In 2012, when the sanction took effect in Europe, Iran’s exports dropped from 2.5 million barrels per day (bbl/d) to 1.53 bbl/d. The Rial (Iran’s currency) also collapsed, dropping by 80 percent between 2011 and 2012.

Second, Iran’s current President, Hassan Rouhani, is much more reasonable than the last one. You might remember former President Mahmoud Ahmadinejad as the crazy guy who said he wanted to wipe Israel “off the map” and that there were no gay people in Iran. This was not a man who would be willing to negotiate with America. Rouhani, on the other hand, ran as a reformer and campaigned on working with the West to ease the sanctions that devastated Iran’s economy.

The President is not the most powerful actor in Iranian. That distinction goes to Supreme Leader Ayatollah Khamenei. Still, the fact that Khamenei allowed Rouhani to run and win shows that he is willing to negotiate.

What has already been agreed upon?

In November 2013, Iran and six world powers, including the United States, came to an interim agreement. Iran halted parts of its nuclear program and in return Western nations eased some of the sanctions. This was a six-month deal that halted progress at every nuclear facility in Iran, and also prevented the building additional facilities. The idea was that a more comprehensive deal would come about in six months.

Here is an ABC News report on how this deal played out in Iran and the United States:

There is debate over whether or not this deal was a good idea. Watch CNN’s Crossfire discuss the issue. The introduction is obnoxious, but the rhetorical arguments are an accurate representation of both sides of the issue:

Six months will be up on July 20 of this year. That means Iran and the world powers have less than two weeks to come to a comprehensive agreement. While the option to extend the deadline is on the table, American diplomats have stated that they are unlikely to support such an extension.

What is still left to agree upon?

The main sticking point for a comprehensive deal is the number of uranium enrichment centrifuges Iran will be allowed to maintain. Iran currently has 19,000 centrifuges. Western powers would like to see that number reduced to the low thousands, while Iran would like to someday have 50,000 centrifuges.

Centrifuges are not the only problem that negotiators will face over the next two weeks, however. While Iran has accepted tougher inspection requirements and limits on production of enriched uranium, the country does not want its ballistic missile system to be on the table. It also wants more sanctions to be removed and is not interested in dismantling nuclear facilities.

Iran will resume nuclear production and the world powers will resume crippling sanctions if the two sides cannot resolve these differences.

What should the United States do if talks fail?

Continuing sanctions without any chance of an agreement would be foolish. In 2003, Iran approached the Bush administration under crippling sanctions to discuss a deal. Bush passed, believing that the sanctions would just lead to the collapse of the regime. Iran had 164 centrifuges at that time, which has increased by more than 11,000 percent to its current cache of 19,000.

Sanctions alone will not deter Iran from gaining a nuclear weapon. If talks do not work, military force seems to be the only option left.

Should the United States bomb Iran?

This debate is best personified by Matthew Kroenig and Colin H. Kahl, two contributors to Foreign Affairs. Watch them debate the issue here:

For those of you who do not have an hour of free time, here is a summary of their arguments:

Advocates of a surgical strike on Iran’s nuclear facilities argue that a nuclear Iran is unacceptable for America and its allies. A nuke would give Iran too much leverage in the region. Worse, Israel and Iran would be at constant odds without the safeguards that prevented nuclear war between the United States and Soviet Union. Kroenig claims that military action in Iran could be contained to just nuclear sites, involve few civilian casualties, and inspire little retaliation. As long as America assures Iran that it is only attacking nuclear facilities, Iran will react calmly.

Kahl argues that a surgical strike would be a disaster and that the United States should merely contain Iran as a nuclear power. Even if the strike succeeds, which is not a given, Kahl envisions a massive retaliation from Iran that includes closing the Strait of Hormuz, attacking American military forces in the Gulf, and providing lethal assistance to terrorist groups that the West is currently fighting throughout the region. Closing the Strait of Hormuz alone would send a shockwave through global markets, but Iranian attacks against American troops would be devastating. Plus, given how unstable the region is, there’s no telling what kind of violence this could cause in other Middle Eastern nations.

Even worse, Kahl does not believe that a military strike would deter Iran from gaining a nuclear weapon. Such a strike would only set the program back by a few years, and has the potential to rally Iranians around rebuilding. It’s not as if America can remove the knowledge of how to build nuclear weapons from the Iranian people.

Conclusion

Iran and the West have until July 20 to come to an agreement. If diplomats fail, Iran will continue to develop its nuclear program and the Western world will continue to cripple the country’s economy with strong sanctions.

UPDATE: July 22, 2014

On July 18, negotiators in Vienna agreed to extend the deadline by four months to November 24, 2014. Negotiators also agreed to extend the terms of the stop-gap agreement. Iran will still halt its nuclear program and the United States will continue to suspend sanctions. Iran and the world powers have made some progress but they are still struggling to agree on how large the country’s nuclear program should be.

Resources

Primary

State Department: Iran Sanctions

Energy Information Administration: Energy Information Administration on the Iranian economy

Additional

Reuters: U.N. Nuclear Watchdog Rebukes Iran

Cold War: CIA Overthrows Iranian Democracy

CNN: Facts About the Iranian Hostage Crisis

NPR: Iran’s Economy Key in Nuclear Deal

Economist: A Red Line and a Reeling Rial

LA Times: U.S. Threatens to End Iran Nuclear Talks

Foreign Affairs: Not Time to Attack Iran

CNN: Final Talks Before Deadline Begin

CNN: What Critics Are Getting Wrong About the Iran Deal

Foreign Affairs: Time to Attack Iran

Eric Essagof

Eric Essagof attended The George Washington University majoring in Political Science. He writes about how decisions made in DC impact the rest of the country. He is a Twitter addict, hip-hop fan, and intramural sports referee in his spare time. Contact Eric at staff@LawStreetMedia.com.

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