Nuclear Issues

Former Under Secretary of State for Political Affairs Nicholas Burns and former Deputy National Security Advisor for Strategic Communications Ben Rhodes join Andrea Mitchell to talk about Biden's next steps on Iran and Russia. Burns says that Biden's "speech today at the Munich Security Conference has put the United States squarely back on center stage globally."

By turning established diplomatic practice on its head and making an unscheduled stop to shake hands with Kim Jong Un in the DMZ, President Trump demonstrated his readiness to go the extra mile and beyond to meet the challenge his predecessor, Barack Obama, told him would define his presidency.

President Trump’s unconventional foreign policy appeared in disarray amid a series of setbacks around the globe and mounting signs that the president and his advisors were on the verge of losing several risky policy bets.

In the past 10 years, oil exports have averaged about $67 billion in Iran. Last year, they dropped by two-thirds, and they are expected to drop below $30 billion this year.  There are reasons to believe that, with appropriate policies, the country can live with this level of oil exports, albeit at a reduced standard of living, and even do itself some good in the long run by reducing its dependence on oil.

Iran has been there before. In 2012, when President Obama ratcheted up U.S. sanctions against Iran, oil exports dropped by 27.5 percent, and GDP fell by 6.2 percent. In 2015, sanctions and the collapse of oil prices further reduced oil exports to $32 billion, a decade-long low, and GDP declined by 1.6 percent. If Iran’s leadership is to successfully resist U.S. demands, it must do more than find ways to evade sanctions. A lot depends on its ability to adopt a plan that reduces the economy’s dependence on oil, while distributing the burden of restructuring equitably across social groups.

For the Islamic Republic, resistance to Washington has become a cultural norm, and it considers independence (esteghlal) as the main achievement of the 1979 revolution.  According to Secretary of State Mike Pompeo, Iran would have to meet 12 conditions before the United States will renegotiate the nuclear deal and consider removing its sanctions. These conditions, which are nothing short of surrender on Iran’s part, are either set to force Iran out of the nuclear deal and therefore trigger the return of UN sanctions, or they are a thinly veiled call for regime change.