https://www.wsj.com/articles/biden-iran-and-the-bomb-11606519663?mod=opinion_lead_pos1
The Democratic establishment will soon be back in charge of U.S. foreign policy, and the question is how much they’ve learned in exile. One early test will be Iran, and whether Joe Biden will abandon the strategic gains that President Trump has made in the Middle East in a rush to return to the deeply flawed 2015 nuclear deal.
The apparent assassination of a top Iranian nuclear scientist near Tehran on Friday shows that Iran’s nuclear program remains a global security problem. No one took responsibility, but any number of countries have reason to act now in case the Biden Administration returns to a policy of appeasing Iran.
The U.S. left the nuclear accord in May 2018 and embarked on a “maximum pressure” sanctions campaign. After restoring pre-deal sanctions, the Trump Administration has added new restrictions across the Iranian economy, which is rigged to enrich the Islamic Revolutionary Guards Corps and elites in Tehran. The White House plans to announce more sanctions through Jan. 20.
The sanctions have succeeded in weakening the rogue regime. Today Tehran exports about a quarter of the 2.5 million barrels of oil a day it shipped when the U.S. was still in the deal. This deprives the government of $50 billion in annual revenue. The economy has shrunk, while the Iranian rial has lost 80% of its value against the dollar.
Iran has responded by increasing its violations of the nuclear deal. It now has 12 times the limit of enriched uranium allowed under the accord, the International Atomic Energy Agency (IAEA) said this month. It also is enriching uranium to 4.5% purity, above the 3.67% allowed under the deal but far from the 90% concentration needed for a bomb.