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Iranian President Hassan Rouhani leaves parliament after speaking as part of a debate over his proposed Cabinet, Tehran, Aug. 15, 2017 (AP photo by Vahid Salemi).

Iran May Have a Lot of Friends in a Future Sanctions Fight With the United States

Wednesday, Aug. 30, 2017

Editor’s note: Guest columnist Neil Bhatiya is filling in for Judah Grunstein, who will return next week.

The Trump administration should take heed of the potential economic pitfalls of its impending showdown with Iran over the 2015 nuclear agreement. A failure by the United States to recertify Iran’s compliance with the nuclear deal would mean the reimposition of sanctions, a move that will only end up isolating the U.S. internationally. If Trump declares Tehran in breach of the nuclear agreement, Washington must be prepared to go it alone, because Iran, and its oil industry, will fight a U.S. snapback of sanctions and can rely on its European and Asian oil customers to back it up. ...

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