Analysis by PMOI/MEK
Iran, July 18, 2019 - On July 14, Iranian regime president Hassan Rouhani participated in a local municipal meeting in the Northern Khorasan province and praised the failed Joint Comprehensive Plan of Action (JCPOA) that was signed exactly four years ago on that very day. Rouhani described the JCPOA as a “huge and great” deed “that is unprecedented or rare in history,” thanking “everybody that had a hand and participated in it, especially the foreign minister.”
According to the state-run ISNA news agency on July 14, Foreign Minister Mohammad Javad Zarif also praised the failed deal, claiming he would’ve signed the JCPOA again if he went back four years.
After the U.S. withdrew from the JCPOA, the ruling theocracy in Iran stayed in the deal despite the increasing sanctions hoping that other signatories of the deal, particularly the European Union, would compensate for the sanctions and help the mullahs in Tehran circumvent the sanctions and sell enough crude oil to finance their malicious activities.
While Europe’s position seemed promising for the Islamic Republic at first, it never made good on its pledges. After much back and forth, the EU set up a clearinghouse-like financial mechanism called INSTEX (short for the Instrument in Support of Trade Exchanges) that allows Iran to exchange its crude oil for food and medicament (essentially goods and services that are allowed under the current U.S. sanctions anyways) without money changing hands.
In an interview with the state-run Iranian television, Yasser Jebreili, an Iranian pundit close to the Supreme Leader Ali Khamenei’s faction, described INSTEX as follows: “With INSTEX, not a single Euro coin is brought into Iran.”
“So, do we have money in Europe?” he asks rhetorically and responds with a negative tone. “Do we sell oil so we import the money into INSTEX? They don’t even want to buy oil from us through INSTEX… so where does the money want to come from?” he adds.
“This is the description of the honorable President Dr. Rouhani, that INSTEX is hollow,” he concludes.
The JCPOA has become such a disaster for the Islamic Republic that a number of Iranian pundits and officials from Rouhani’s opposing faction describe it as a “wake-up call”, and a “worthless piece of paper.”