Nuclear Issues

Not only would sanctioning SWIFT be a major escalation in U.S. sanctions policy, but an entirely reckless decision. Realistically, enforcing sanctions against SWIFT would have significant consequences for both the U.S. and global financial system—upending decades of international norms.

In this new oped for the Bulletin of the Atomic Scientist, MTA Associate Aaron Arnold and colleague Nikos Passas consider the role of banks in monitoring and verifying proliferation-related transactions. He outlines steps that the P5+1 and Iran can take in a final agreement that will allow them to remain vigilant about proliferation financing.

MTA/ISP Research Fellow Gene Gerzhoy argues that the United States should leverage Saudi Arabia’s dependence on U.S. military support to keep it from pursuing nuclear weapons. Using the example of West Germany during the Cold War, he states that the threat of military embargo combined with corresponding security assurances will convince Saudi Arabia to support U.S. diplomacy with Iran.

"Speaking from the White House earlier this month, President Obama announced details of a framework agreement between Iran and the P5+1—the United States, Russia, China, France, the United Kingdom, and Germany—that limits Iran’s path to building a nuclear weapon over the next 10 to 15 years. Although negotiators will finalize technical details between now and the June 30 deadline, the parameters provide Iran with sanctions relief in exchange for limits on its uranium enrichment, converting its Arak heavy water reactor, limiting the number and type of centrifuges, and agreeing to intrusive inspections. Should Iran cheat or fail to uphold its end of the bargain, however, the United States and its allies reserve the right to “snap-back” into place tough economic and financial sanctions..."

In this op-ed, Professor Burns outlines his support for the Obama Administration’s framework agreement with Iran as a sensible step forward towards a final deal on June 30^th.  President Obama and Secretary of State John Kerry have had their faith in diplomacy justified by their progress in containing Iran’s ability to become a nuclear weapons state. But, they will need to set a high bar for the final agreement, particularly in ensuring that verification procedures are air tight. And, Professor Burns reminds, we Americans should remember that Iran needs a deal more than we do.

Burns goes on to suggest that Obama must now pivot quickly to exercise strong Presidential leadership with four key groups to gain the necessary domestic and international support to implement an agreement.  He must: 1) Win the battle ahead on Capitol Hill; 2) Make up with Bibi; 3) Circle the Wagons with our key Sunni Arab partners Egypt, Jordan, Saudi Arabia and the Gulf States; and 4) Keep together the coalition that sanctioned and negotiated with Iran (U.S., UK, France, Germany, China, Russia) in order to hold Tehran’s feet to the fire on an agreement.