ABSTRACT

This chapter assumes a realist standpoint, ultimately arguing that beyond the stated imperative of constraining Iran's nuclear programme, the main underlying principle was one of geoeconomic interest. Geoeconomics, in this context, can be broadly defined as the intersection between geopolitics and economics. The Iranian nuclear deal, with the various economic and strategic logics underpinning it, is an important example of how this geoeconomic perspective can help to explain complex contemporary events. The International Atomic Energy Agency (IAEA), which was present throughout the negotiations, will play a key role in monitoring and reporting on the status of Iranian nuclear infrastructure. Aside from the damage to the Iranian economy and society, the sanctions regime also impacted the business interests and economic opportunities of Western companies. Iran's geoeconomic objectives are evident: economic strengthening with the prospect of greater influence in the region.