Iran Risk: JCPOA in the balance as hardliners consolidate in Tehran

Iran has not changed its D5 risk grade with negative momentum for political risk in its latest GSN Risk Management Report. Talks to revive the 2015 JCPOA nuclear deal between Iran and world powers continued behind closed doors in early 2022, with Tehran insisting that all sanctions are removed. President Ebrahim Raisi increased spending plans in his first budget based on expectations of economic growth. Further talks with Saudi Arabia are expected.