Tikvah
Editors’ Pick

July 15, 2021

Why Is Washington Prepared to Offer Iran Sanctions Relief in Exchange for Nothing?

Hope is not a strategy.

According to recent figures released by the International Monetary Fund (IMF), the Islamic Republic’s “gross official reserves” fell by more than 95 percent between 2018 and 2020. The reason for this collapse, writes Elliott Abrams, is the Trump administration’s decision to withdraw from the 2015 nuclear deal and ratchet up economic sanctions. Yet the Biden administration now seems ready to reverse course before demanding concessions from Tehran:

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