September 24, 2017

Iran's Post-Sanctions Financial Windfall Was Overstated. What Does That Mean for Policy?

By Edoardo Saravalle and ​Neil Bhatiya

The Trump administration seems poised to scuttle the Iran nuclear agreement, the Joint Comprehensive Plan of Agreement (JCPOA). If it does, this decision will be a triumph for the deal’s critics, who have aggressively undersold the JCPOA’s achievements in limiting the country’s nuclear program and oversold the economic relief it gave Iran. Indeed, the discrepancy between what critics have said and what actually occurred should be a warning that assumptions circulated in the press about the economic benefits for Iran associated with the deal, and the supposed power that new unilateral U.S. sanctions could have on Iran, may be more political than empirical. American policymakers should ensure that these wrong assumptions do not inform U.S. foreign policy going forward.

Read the full op-ed in The National Interest.

  • Podcast
    • August 2, 2022
    The Cost of Economic War

    Sanctions, not bombs, have been the weapon chosen to take on the Putin regime. BBC speaks with macroeconomist Rachel Ziemba about the effectiveness of modern economic statecra...

    By Rachel Ziemba

  • Podcast
    • March 15, 2022
    What would happen if Russia defaults on its debt?

    Adjunct senior fellow Elina Ribakova speaks to Marketplace about how Russia's economic isolationism may largely insulate global markets should Russia default on its debts. Li...

    By Elina Ribakova

  • Podcast
    • March 3, 2022
    Sanctions and Export Controls Explained: What's going on with Russia

    The United States and its allies have released an unprecedented and sweeping set of sanctions and export controls in response to Russia's invasion of Ukraine. This includes bl...

    By Andrea Kendall-Taylor, Richard Fontaine, Edward Fishman, Elina Ribakova & Emily Kilcrease

  • Reports
    • December 7, 2021
    Containing Crisis

    As the United States and China seek to manage an increasingly tense relationship, both sides have turned to coercive economic statecraft as a core part of their broader foreig...

    By Emily Kilcrease, Emily Jin & Rachel Ziemba

View All Reports View All Articles & Multimedia