The Iran Nuclear Deal or Joint Comprehensive Plan of Action (JCPOA) was implemented on 16th January 2016 after Iran completed its obligations for securing suspension of nuclear related sanctions imposed on it. This ends the economic and political isolation of Iran and marks the beginning of a new phase in Iran’s engagement with the world. Economic sanctions have caused significant damage to Iranian economy and curtailed its options to pursue its strategic objectives. Iran is now striving to make up for the lost opportunities and its leadership is wasting no time in deepening existing relationships and building new ones. With significant hydrocarbon reserves and its strategic location, Iran cannot be ignored. Most major nations have started to re-engage with Iran and ink deals. China, expectedly, has stolen a march over others.
http://www.vifindia.org/article/2016/february/23/breakout-moment-for-iran
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