The president’s decision to decertify the Iran nuclear deal under the Iran Nuclear Agreement Review Act and the House’s bipartisan bill passed last Thursday to impose sanctions on Iran for its ballistic missile program could isolate the U.S. by jeopardizing American companies’ access to new markets, and by causing a rift between the U.S. and European allies over economic interests. If American companies are unable to conduct business in Iran due to the reestablishment of sanctions, foreign competitors could claim more of the market, making it even more difficult for U.S. companies to compete internationally. It is not guaranteed that allies in Europe will follow the U.S’ lead and reinstate sanctions against Iran, thus negating U.S. efforts. I have written commentary on this topic for RealClearDefense here.
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