The US administration pretends that its decision to withdraw from the nuclear deal with Iran is a radically new approach which may change the entire regional strategic equation, similar to the huge policy reversal towards China executed by President Nixon in the early 1970s. But the Trump White House will be disappointed; the comparisons with Nixon are misconceived.
US Secretary of State Mike Pompeo has laid out a new vision for American economic engagement in the Indo–Pacific, announcing the rollout of a new US regional infrastructure initiative, which, while not explicitly targeting China’s growing economic power in the region, attempts to provide Indo–Pacific countries with US financial and technical alternatives to China. The funds may be modest, yet...
The Financial Action Task Force (FATF) avoided a decision to return Iran to its blacklist of countries not doing enough to combat money laundering. Iran’s continued litany of financial crime failings further undermines the future of the country’s nuclear deal with Western governments.
Despite all parties to the Joint Comprehensive Plan of Action complying with its obligations, Iran’s reintegration into the global economy is fraught with problems. A further factor is a differing attitude to the agreement’s implementation between the US and the EU.