Tikvah
Editors’ Pick

October 10, 2017

If the U.S. Decides to Reimpose Sanctions on Iran, Its Allies Will Come Around

Access to the $19-trillion American financial system will always win out over access to Iran’s $400 billion.

Reportedly, President Trump is considering decertifying the nuclear deal with the Islamic Republic before the October 15 deadline, a move that would allow Congress to renew sanctions. Conventional wisdom has it that such sanctions will fail, since their success depends on the cooperation of American allies who will be much less willing than previously to go along. Citing the example of the 2011 legislation sanctioning Iran’s central bank—passed by Congress over the objections of the Obama administration—Richard Goldberg disagrees:

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