Joint comprehension plan of action (JCPOA) and its effect on economic reactions of Saudi Arabia against Iran

Abstract

This article aims to investigate the effective factors on economic interactions in Saudi Arabia during and after conducting Jam negotiations in 2013-2016 based on the economic game theory by “Thomas Shieling” and using the documental method, with putting emphasis on this hypothesis that the negotiation procedure and performing JCPOA with changing the role and expanding Iranian regional penetration, challenges Iran and Saudi Arabia’s relationships in regional level, which is one of the most important findings of this study. Based on the fear of nuclear negotiation feedbacks and the operative JCPOA agreement, Saudi Arabia would be encountered Iran’s political, economic and civil position in both regional and international level. It makes Saudi to be one of the main important oil reactor in OPEC in 2013-2016 with enhancement procedure beyond global requirement, the productive range 9,140,000 barrels in June 2013 was about 10,720.000 barrels in November 2016with the aim of serious battle with Iran, so that the decision and intention with the aim of increasing oil production more than the global market requirement, some challenges in Iran’s plans and programs and particularly positive reflections due to JCPOA agreement.

Keywords

• jcpoa
• economic reaction
• saudi arabia
• opec
• oil weapon