• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Current price of oil as of June 23, 2026
Commentary

Iran Could Benefit From the Brewing U.S.-Europe Nuclear Deal Dispute

By
Behnam Ben Taleblu
Behnam Ben Taleblu
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
Behnam Ben Taleblu
Behnam Ben Taleblu
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
May 14, 2018, 12:57 PM ET
Add Fortune on Google for similar content.

The EU believes the Joint Comprehensive Plan of Action (JCPOA) nuclear deal is worth preserving. It is no surprise, then, that President Trump’s decision to restore nuclear sanctions and terminate America’s adherence to the JCPOA risks putting Washington on a collision course with Europe. With sanctions kicking-in between the next 90 to 180 days, all attention will be on the efficacy of American tools of financial pressure. In the interim, Washington must not lose sight of managing Europe’s reaction and preventing Iran from taking advantage of fissures in the trans-Atlantic alliance.

Already, there are meetings scheduled between European officials and their Iranian counterparts. Iran’s Supreme Leader Ali Khamenei has tasked the government of President Hassan Rouhani with obtaining “a strong guarantee” from Europe to shield the Islamic Republic from American sanctions. Absent that, Khamenei said Iran “won’t stick to the nuclear agreement.” And there is reason to worry.

In the 2003-2005 iteration of nuclear talks, it was then chief nuclear negotiator Rouhani who met with foreign ministers from the E3 (France, Germany, and the U.K.) and obtained a promise to prevent the transfer of Iran’s nuclear file to the UN Security Council (UNSC). After Rouhani was relieved of his duties in 2005, Iran’s nuclear dossier was eventually transferred to the UNSC, and the first in a series of escalating UNSC Resolutions (UNSCRs) against Iran were passed. As such, with Rouhani back at the helm and looking for guarantees, Europe and Iran may be able to work out a strategy to keep the deal alive and offset American sanctions.

Now, as Washington looks to generate the same pressure on Iran that existed during the sanctions incubation period (2010-2013), it must not forget that those measures had EU political buy-in and followed the strongest UNSCR on Iran. This necessitates close diplomatic coordination with Europe before the 180-day period lapses.

Conversely, while Europe may strongly disagree with Washington’s unilateral exit, it too, can work to stem any trans-Atlantic fissure. Private European banks and businesses are more inclined to heed the Treasury Department’s warnings, since they will make the logical calculation that doing business in an economy the size of Iran’s pales in comparison to being able to do business with the U.S. But state-owned European companies are another matter since they might be willing to take the risk of doing business with Iran, especially if they continue to hear invective against Washington by EU leaders.

In the aftermath of President Trump’s decision, the E3 reiterated its commitment to keeping accord, as did EU High Representative Federica Mogherini. While both their statements cited the importance of UNSCR 2231—which unanimously passed in 2015, codifying the JCPOA—Mogherini’s statement signaled a European interest in deterring Washington from enforcing sanctions. “The European Union is determined to act in accordance with its security interests and to protect its economic investments,” she said. These interests might necessitate returning to 1990s-style blocking legislation that could shield European firms from having to comply with extra-territorial sanctions, an issue that EU officials have already met to discuss. Other options available to the EU include siding with Iran to stigmatize the U.S. as the “violator” of the accord in the JCPOA’s Joint Commission, as well as filing complaints at the World Trade Organization.

A recent Politico article helps explain the EU’s dogged attachment to the JCPOA as being motivated by “pride,” rather than commerce. While this may overstate the case in an attempt to understate the efficacy of American sanctions—particularly as European imports from Iran have risen in the last two years—it is worth considering. The EU has previously framed the JCPOA as “the culmination of 12 years of diplomacy facilitated by the EU.” Put differently, the EU sees the JCPOA as a multinational endeavor to use peaceful means of conflict resolution to [attempt] to solve a major global challenge.

Ultimately, even if the attempt to put up a fight is ineffective and American secondary sanctions compel Europe into begrudging compliance with the U.S.’s pressure strategy, the short-term beneficiary of this public tiff would be the Islamic Republic.

 

Tehran could easily exploit the distance between both sides of the Atlantic over Iran policy to continue its destabilizing activities—support for terror groups in the region—with little unified Western response. And in international fora, Iran could use European arguments against Washington to paint American concerns about Iran’s behavior as politically charged. To preclude that, Washington should create a channel with Europe to find a way to focus on areas of non-nuclear common interest in the post-May 8 world that involve Iran, like stopping ballistic missile flight tests.

Although it’s not worth crying over spilt milk, Washington had ample opportunity and authority to grow financial pressure on Iran in a manner that would not violate the JCPOA, and thus not cause a trans-Atlantic row. Neither President Obama, or interestingly enough, President Trump, took that chance. Instead, Washington today finds itself in a high-risk, high-reward game of sanctions enforcement—not against its chief Middle Eastern adversary, but rather, against its major global partner.

Behnam Ben Taleblu is a research fellow focusing on Iran at the Foundation for Defense of Democracies (FDD).

About the Authors
By Behnam Ben Taleblu
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

steve
Commentary250 Years of Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
6 hours ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
6 hours ago
mg
CommentaryHealth
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
7 hours ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
21 hours ago
brett
CommentaryManagement
Middle managers aren’t going extinct—they’re evolving into something more powerful
By Brett HurtJune 23, 2026
1 day ago
ravi
CommentaryAI agents
Yale School of Management: surveillance pricing is just the beginning. AI agents will be the real test of corporate trust
By Ravi Dhar and Jon IwataJune 23, 2026
1 day ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
11 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.