Iran has welcomed the lifting of crippling sanctions, after the UN's nuclear watchdog confirmed the country had complied with the terms of an agreement aimed at curbing its nuclear program.
The EU has drafted business safeguards to salvage the Iran nuclear deal, including prohibiting firms from complying with US sanctions and sending money to Iran's central bank. Experts doubt such efforts will be enough.
EU Commission President Jean-Claude Juncker announced that the bloc plans to kickstart a 1996 law that would prohibit European companies from complying with US sanctions on Iran.
Economists disagree about whether international sanctions truly influence domestic polices. But all signs indicate that the US is making a mistake by hitting Iran with another round of harsh economic penalties.
The secretary of state has outlined a hard-line Iran strategy that is likely to deepen the chasm between the EU and US. Analysts and former US officials say the plan is incoherent and dangerous.
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