Reply To: Iran Agreement Will Go Into Effect

DaMoshe: Historically it is virtually unprecedented for a future President to renege on an agreement previously signed by the United States. So it is highly unlikely to occur despite any political rhetoric made by the royal opposition even if they are to regain power.

But even independent of all that, right now the US is involved in almost no business Iran does due to US sanctions against Iran. Once sanctions are lifted, presumably America will be involved in some transactions with Iran but most of the new business with Iran will be with Europe not the US.

And Europe will not reimpose sanctions simply because a future President reneges on a signed international agreement. Europe was shlepped kicking and screaming to get them to enact even the current sanctions. They’ve been angling to get out of sanctioning Iran even before the agreement. Now that there’s an agreement, if the US suddenly changes its mind Europe will not simply bend over and agree to reimpose it simply because a new President wants to undo what the previous Administration signed on behalf of the United States.