Iranian President Ebrahim Raisi said Friday that Iran cannot “pin hope” on the negotiations to revive the nuclear deal that are ongoing in Vienna.
“We cannot pin our hope to the result of negotiations since US and Western parties have breached their promises repeatedly so that they cannot be trusted at all,” he said in a speech commemorating the 43rd anniversary of the Iranian revolution.
US officials have said an agreement is “in sight” as the Vienna talks resumed this week. But even if the nuclear deal, known as the JCPOA, is revived, there’s a good chance the next US administration could tear it up, which could happen as early as 2025.
The prospect of the US withdrawing from the JCPOA again makes it difficult for Iran to do any long-term planning since it might not experience the full benefits of sanctions relief. With this reality in mind, Iran has been working to make its economy more resilient to US sanctions, what Raisi calls a “resistance economy.”
The sanctions imposed by the Trump administration caused a serious recession in Iran, but the Iranian economy has seen some recent growth. One of the most vital lifelines for Iran has been oil sales to China. If the JCPOA talks fail, the US wants to try to stop Iran’s oil sales to China. But there’s little chance Beijing would comply with US sanctions.