We just handed over hundreds of billions of dollars to the Islamist regime of Iran and its military establishment — which shouts “Death to America” from the rooftops. The regime openly threatens US security and scuttles US national interests in the region. This give-away to the Mullahs is going to be marked as one of the most catastrophic deals of our generation.
The ruling clerics of Iran will now begin to receive relief from major United Nations Security Council sanctions as well as unilateral Western sanctions. They will immediately receive roughly $90 billion. European countries will lift sanctions on major industries, such as gold and metal. The White House will remove major Iranian entities and individuals from the sanctions list. More fundamentally, the lifting of these sanctions will allow the Iranian regime to re-enter the international banking world, and sell oil on the global market.
There is also one major loophole. If Iran decided to resume its nuclear proliferation after sanctions are lifted, there is no adequate UNSC mechanism to roll back sanctions. Because of the geopolitical rivalry between the West, Russia, and China, getting Moscow and Beijing back on the same page is not going to be easy.
In addition, as the European firms will be investing in Iran’s oil and gas markets, they will have less incentive to join the US in pushing for re-imposition of sanctions if Iran heads towards building a nuclear bomb. More than 190 waivers have already been granted by the State Department.