ECONOMIC REVENUE OF IRAN IN THE POST NUCLEAR DEVELOPMENT: THE CASE OF U.S. OIL EMBARGO (2010-2012)

Abstract

Iran's nuclear program and proliferation is the one of booming international issues which could influence the stability of economic, politic, and security of almost all country in the world. The history of Iran's nuclear programmed started under the reign of the Shah. At that time, a civil cooperation agreement existed with The United States as part of the Atoms for Peace project. The project ended up with the commissioning of the Tehran research reactor (TRR), in 1967. Iran became one of the countries that signed the Nuclear Non-Proliferation Treaty (NPT). However, The United States and its allies continue to accuse Iran has a hidden ambition to develop nuclear weapon. President of the U.S Barrack Obama trying to do many ways to stop the developing of Iran nuclear, Obama's dream of a world without nuclear weapons since U.S led by him. The main purpose of the sanctions against the oil and gas sector of a country is to limit state revenue and, perhaps in the later stages, disable it altogether. Sanctions against Iran's oil and gas revenues that have the greatest percentage of the total state income are considered by the West to stop or slow down Iran's nuclear program. Iran national income largest is comes from the oil, so that's why the US and allies imposed oil embargo in the hope that Iran economic development will be crippled and the effect on nuclear development program. Barrack Obama tightened American sanctions on business with Iran. The sanctions are intended to deprive the Iranian nuclear program of the funding it needs to continue. While the United States has had some sort of sanction levied against Iran for most of 30 years, few of them have levered Iran into compliance with international rules regarding terrorism or nuclear energy. Most of the current sanctions cut into Iran's oil exports. Mismanagement and the slowdown will make Iran's economy more vulnerable to sanctions, which have already begun to bite in the financial sector. UN Security Council sanctions leave Iran in a poor position to seek access to international credit. Iran will not collapse because of decreased revenues; it survived a similar situation in the 1980s and will, no doubt, try to make a virtue out of necessity by appealing to the revolutionary spirit while blaming sanctions and foreign enemies for any difficulties.