Economic Implications of Sanctions Reimposition

The US administration’s decision to pull the plug on the Joint Comprehensive Plan of Action, the formal name of the nuclear deal struck between Iran and world powers, including the United States, in 2015 and impose more elaborate sanctions on Iran has numerous implications, not all of which are necessarily negative. 
According to an opinion piece, written by the economist Djavad Salehi-Isfahani for Financial Tribune’s sister publication Donya-e-Eqtesad, this will depend on the support extended by the European signatories.
Salehi-Isfahani is a professor of economics in Virginia Polytechnic Institute and State University and a senior fellow of Global Economy and Development in the Brookings Institution.