TEHRAN, Sept 14: Iranian Foreign Minister Seyyed Abbas Araghchi warned Saturday that European powers would "lose it all" if they move to reinstate international sanctions on Tehran under the "snapback" mechanism.
Araghchi issued the warning in a post on X in response to last month's decision by France, Germany and Britain to trigger the process that could restore United Nations Security Council sanctions lifted under the 2015 nuclear deal.
Sanctions against North Korea
The "snapback" clause in the agreement, formally called the Joint Comprehensive Plan of Action (JCPOA), allows parties to reimpose sanctions if Iran fails to comply with its commitments.
Iran signed the JCPOA with Britain, China, France, Germany, Russia and the United States in 2015 and agreed to curb its nuclear program in exchange for sanctions relief. Washington, however, withdrew in 2018 and reimposed sanctions, prompting Tehran to scale back some of its commitments.
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