Iran Nuclear Deal: Its Political and Economic Implications for the Region as a Whole and for Pakistan

Abstract

Introduction. No doubt that the Iran-USA nuclear deal of 2015 got fame in the international politics. Some countries were in favor of such a deal and some were against this development. The Kingdom of Saudi Arabia (KSA) has more concerns over the Iran nuclear deal, it feels that after the deal Iran will become a regional power and will increase its military and political power which will disturb the regional security and stability. As the Kingdom of Saudi Arabia (KSA) itself provokes the creation of such conditions, thus their influence in the Middle East will be affected. Analysis. The article analyzes the concerns of Israel, implications for Turkey, the question why deal is beneficial for Pakistan, economic concerns of Saudi Arabia, implications for Persian Gulf and Middle East, economic implications for Turkey, economic opportunities for Pakistan. After the nuclear deal, Iran becomes a regional power and increases its political and economic influence in the region, especially in the Persian Gulf. The world says that Iran cannot get nuclear weapons after the deal because it has no such a capacity. However, according to some findings from the documents of the deal Iran is not blocked to become a nuclear power and the deal legitimizes the nuclear program. So, on the other hand after the Iran nuclear deal the regional political and economic environment is totally favorable to Iran. On the other hand, scholars believe that the United States of America (USA) operate in terms of diplomatic competition. From the economic standpoint, the deal will be favorable for Iran. Thus, some countries have objections related to the deal, while others express a positive attitude towards it. Results. Pakistan will be able to generate economic opportunities from Iran, especially with the help of Iran-Pakistan-India Gas pipeline project (IPI project). Consequences of the deal will be beneficial for the regional economic development of the Middle East and South Asia respectively.