Three European nations, the United Kingdom, Germany, and France—known as the E3—have initiated the long-awaited snapback mechanism against Iran. This mechanism, a key component of the 2015 Iranian nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), allows any of its signatories to automatically reinstate all United Nations (UN) sanctions against Iran if it's found to be in "significant non-performance" of its commitments.
The snapback process is designed to be veto-proof, giving any signatory—except for Germany, which does not have veto power at the UN—strong leverage. The E3 nations officially informed the UN Security Council of their decision on August 28, 2025, citing Iran's nuclear escalation, including accumulating a large stockpile of enriched uranium and restricting inspections by the International Atomic Energy Agency (IAEA).
Of course, Iran has condemned the move and blame the move the the E3 on the United States, forcing the European countries to dance to its tune.
This is the active countdown until the big day:
Snapback Sanctions against Iran
⏳ 30-Day Countdown
00
Days
00
Hours
00
Minutes
00
Seconds
www.oilfutures.co.uk
