The Foreign Policy said in a report on Sunday that the agreement can be an “economic lifeline” for Iran, saving its economy which is targeted by America’s tough sanctions, noting that the pact would ensure the sale of Iranian oil and gas to China.
The deal can tip the balance in favor of Iran in any possible future negotiations with the West, it added.
According to the report, the new partnership proves that US President Donald Trump administration's so-called “maximum pressure” against Iran has been a failure. The deal, it said, could jeopardize the possibility of a Republican victory in the November 2020 presidential election as it failed to force Tehran to buckle and further strengthened Iran-China ties.
The US unleashed the so-called maximum pressure campaign against Iran in 2018, when it unilaterally scrapped the 2015 nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA).
Following its withdrawal, Washington targeted the Iranian nation with the “toughest ever” economic sanctions.