European Union and allies remain committed to Iran deal.
US President-elect Donald Trump will give priority to new sanctions and pressure on Iran, while considering whether and how his administration might seek to renegotiate the Joint Comprehensive Plan of Action (JCPOA). The trend in Europe and Asia, however, is heading in the other direction, where the emphasis is on breaking down, rather than erecting, barriers to business and engagement with Iran. It is difficult to envision a global retreat from Iran, absent an Iranian breach in its commitments to the JCPOA. During the upcoming lame-duck session, the Senate is likely to take up several Iran sanctions bills, including targeting countries and individuals that support Iran’s ballistic missile program.
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