What Iran’s Gold Rush Buys the West

These are happy times for European nations eager to do business with Iran. The end of the international sanctions mandated by the Iran nuclear deal has set off a gold rush of European concerns eager to get in on the action as the Islamist state reenters the global economy. Iranian President Hassan Rouhani is on what might well be termed a victory tour of the continent, announcing vast deals with both Italy and France. But these transactions are not merely signaling the end of restrictions on doing business with Iran but an insurance policy against any possible re-imposition of sanctions, no matter how flagrantly it violates the nuclear deal or traffics in international terrorism.

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What Iran’s Gold Rush Buys the West

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