Last week on Radio 4's Today Programme, the presenter Matthew Price stated apocalyptically that 'there will be some who view what is about to happen between Britain and Iran as a mistake of colossal historic proportions'. What could this dreadful mistake be? Was someone about to declare war? Not quite.

Eastern Daily Press: Iran's President Hassan Rouhani, right, welcomes British Foreign Secretary Philip Hammond at the start of their meeting in his office, in Tehran, Iran, Monday, Aug. 24, 2015. (AP Photo/Ebrahim Noroozi)Iran's President Hassan Rouhani, right, welcomes British Foreign Secretary Philip Hammond at the start of their meeting in his office, in Tehran, Iran, Monday, Aug. 24, 2015. (AP Photo/Ebrahim Noroozi)

Britain's Foreign Secretary, Philip Hammond, was re-opening our embassy in Tehran. The Iranians have done likewise in London. Britain has simply aligned itself with most of the world – among some 100 countries from Japan, Russia and Germany to China, Brazil and Mexico – who have full diplomatic ties with Iran.

In November 2011, a mob tacitly backed by elements of Iran's government stormed the British embassy in Tehran and rampaged through the compound, destroying paintings and damaging other property. Seven embassy staff were seized, though later rescued by Iranian police. The British government closed the embassy in Tehran and banned financial institutions in the UK from doing business with Iran. The Iranian ambassador in London was given 48 hours to leave.

The attack was condemned worldwide, including by the UN Security Council; a sine qua non of diplomacy is that embassies are sacrosanct. But diplomacy is not just with those we admire – it exists to advance our interests.

'Nuclear deal timely'

Eastern Daily Press: Iran's President Hassan Rouhani, right, welcomes the British delegation on August 24. (AP Photo/Ebrahim Noroozi)Iran's President Hassan Rouhani, right, welcomes the British delegation on August 24. (AP Photo/Ebrahim Noroozi)

The nuclear deal created the space to re-establish ties with Tehran. The timing could not be more important.

As the cataclysm unfolds of the so-called 'Islamic State in Iraq and Syria' or ISIS – a cause to which Iran is bitterly opposed, but which attracts shocking numbers of British citizens to join the fight – it has become embarrassingly clear to Western policymakers that Iran and the West share a common interest.

The 'Sykes-Picot' boundaries of the Middle East drawn up in 1916 by Britain and France are disintegrating and the world needs a plan for what comes next. If that is not to be ISIS, we need all the help we can get – and Iran is an essential player.

Islam is riven between the Sunni, including 85 per cent of the world's Muslims, and the smaller Shia – comprising only 15 per cent – who nonetheless make up over 90 per cent of Iran's population and up to 70 per cent of Iraq's.

The Sunni tend to coalesce around Saudi Arabia while the Shia look for leadership to Iran. There will be no lasting solution without the agreement of Saudi Arabia as chief protagonist for the Sunnis and of Iran representing the Shia.

Imperial baggage

Unfortunately, Britain's relations with Iran are tainted by imperial baggage which has left almost unique levels of suspicion and distrust, not just the 1953 British and CIA-backed coup but much besides.

The Iranians remember the Americans shooting down a civilian airliner, Iran Air 655, on July 3 1988, killing 290 passengers including 66 children, an incident almost entirely forgotten in the West; and also the US giving Saddam Hussein satellite imagery which he used in targeting chemical weapons against Iranians.

It is hard to overstate the effects of Iraq's aggressive war against Iran.

As former Foreign Secretary Jack Straw put it: 'We understand nothing about Iran if we do not understand the deep and still contemporary trauma that the Iran-Iraq war inflicted on Iranian society – the near-million killed and the sense of isolation which that war reinforced as one Western nation after another, the UK included, unworthily supported Iraq'.

But a key component of Dr Rouhani's surprise election as President of Iran in 2013 was that Iranian voters actually want a normal relationship with the West. Despite the difficulties, Iranians often do look westwards and many have relatives here.

The diaspora includes more than three million Iranians in the US and some 350,000 in Britain. Indeed, there are more American PhDs in President Rouhani's Cabinet than in President Obama's. Dr Rouhani is an exception: he obtained his PhD in Britain.

The most significant benefit of reaching out to Iran is the strategic reach and insight which she offers in the Middle East at a critical moment. But we should not overlook the wider potential in education, commerce and cultural exchange. The truth is that Iran is better known to us than we realise.

We feel her influence every day, since Iran's language – Farsi – is Indo-European, unlike Arabic. Many words will seem strangely familiar, such as pedar (father), dokthar (daughter), nam (name), dar (door), moush (mouse) and, strikingly, the suffix of the verb 'to be', am, as in the sentence 'I am an Iranian' – Irani-am. Iran's linguistic influence extends into our daily lives with words as varied as cheque, magic, papoose, caravan, kiosk, lemon and sugar.

As Maya Angelou wrote: 'Perhaps travel cannot prevent bigotry, but by demonstrating that all peoples cry, laugh, eat, worry, and die, it can introduce the idea that if we try and understand each other, we may even become friends.'

•Richard Bacon is MP for South Norfolk and chairman of the All Party Parliamentary Group on Iran.