Iran Gets Big Economic Lifeline for Minimal Concessions

“An initial agreement by the United States and Iran to halt their war grants Iran major economic benefits while delaying, for now, the thorniest areas of disagreement between the two countries and the toughest concessions Iran would have to eventually make on its nuclear program,” the New York Times reports.

“The agreement lifts the U.S.-imposed naval blockade of Iranian ports and, most crucially, grants Iran waivers to begin exporting its oil even before the negotiation of a final agreement on its nuclear program. That will give Iran a critical economic lifeline. In recent years, its economy has been in a tailspin, with a collapsing currency and sky-high inflation.”

Wall Street Journal: “The U.S.-Iran peace agreement includes a huge boost to Tehran’s oil industry, potentially restoring the regime’s economic lifeblood while generating more than $60 billion a year of revenue.”