The Islamic Republic of Iran is a politically unstable country in the Middle East, which has participated in numerous minor disputes and full-scale wars throughout its history. Its participation in a bloody and indecisive war with Iraq, its sponsorship of terrorist groups such as Hezbollah and Hamas (Bruno 2011), and its controversial elections have raised eyebrows among international bodies in the past. However, it is Iran's nuclear ambitions that have captured the attention of all nations in recent months. Iran's nuclear program was launched in the 1950s with the help of the United States (Roe 2007). Iran's first nuclear power plant, Bushehr I, was started with great help from the Russian government in 2006. Furthermore, Iran has also indicated that it will seek to build additional nuclear power plants and uranium mines in the future (RIA Novosti 2011). Following this announcement, the United Nations Security Council imposed legally binding sanctions on Iran and froze the assets of those heavily involved in the development of the nuclear program. Over the years, these sanctions have been expanded and strengthened by those of individual nations, such as the United States (BBC 2012). While Iran claims that its nuclear program is purely for peaceful purposes, such as energy production, the November 2011 report by the International Atomic Energy Agency (IAEA) acknowledges otherwise. This report details Iranian research directed at developing nuclear weapons capability and integrating nuclear payload into missile delivery systems (IAEA 2011, 8), supporting the fears of the United States and the European Union. Tensions have risen around the world since this announcement, leading to even more crippling sanctions against the IRA... middle of paper... The Iranian people should not suffer for the actions of their government, especially not so when popular support for Ahmadinejad it is so low (Economist 2012). The current model is extremely negative and causes antagonism against the West. A new model involving nuclear talks and diplomacy is superior and should replace the current model of sanctions and embargoes. Furthermore, this new model will definitely work. The facts are the best indicators of the strength of the proposed model: oil prices collapsed immediately after the announcement of Iran's agreement to participate in further talks on Tehran's nuclear program in Baghdad (Blas 2012). If the trend of open diplomacy and positive negotiations continues, Iran will likely be able to emerge from the isolation of the financial system, reduce the inflation rate and ultimately improve the condition of its currency (Economist 2012).