Iran deal makes China upgrade exports

With the lifting of the West-imposed oil and financial sanctions on Iran after a framework agreement was reached between Iran and the 5+1 nations, Teheran will get more space to improve the national economy and the livelihoods of the Iranian people.

The framework deal between Iran and the five permanent members of the UN Security Council plus Germany is the result of multiple factors. On one hand, the top Iranian leaders, keeping in mind the demand of the people, have shown a strong desire to emerge out the economic stagnation caused by the tough Western sanctions. On the other, the US-led Western countries have exhibited increasing willingness to loosen sanctions, because many of their leaders have realized that the stability and social cohesion of Iran even under sanctions are still much better than in the Arab countries. As a result, they have come to believe that sanctions alone cannot topple the Iranian leadership.

The Western leaders also believe that the sanctions on Iran have provided China and Russia with a profitable market without Western competitors, as well as a political and strategic foothold in the Gulf region. Moreover, the sanctions imposed on Iran, they feel, have given more power to Saudi Arabia to sway the international oil market, from which Islamist forces have directly or indirectly benefited.