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Is the U.S. Making a New Concession to Iran over Dollar Access?

(Foreign Policy) Eric B. Lorber and Peter Feaver - The Obama administration has signaled that it is about to make an additional and unexpected concession to Iran that significantly weakens remaining U.S. leverage: giving Iran backdoor access to financial transactions in dollars. Congress is crying foul, asserting that such dollar access was not included in the original deal and constitutes a gift to Iran that should not be given without additional Iranian concessions. When selling the agreement to Congress, Acting Undersecretary of the Treasury Adam Szubin assured lawmakers on September 17, 2015, that "no Iranian banks can access the U.S. financial system." Eric Lorber is an adjunct Fellow at the Center for a New American Security. Peter Feaver is a professor of political science and public policy at Duke University.
2016-04-19 00:00:00
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