Nuclear Issues

Last May, Chinese solar panel manufacturer LONGi signed an agreement with Saudi trading company El Seif Group to establish large-scale solar manufacturing infrastructure in Saudi Arabia. The deal came several months after the Trump administration's imposition of global tariffs on imports of Chinese solar panels and cells.

A former governor of Texas – the state that produces more crude oil, natural gas, lignite coal, wind power and refined petroleum products than any other – would seem to be a natural choice for secretary of energy. Yet, assuming he is confirmed by the Senate, Rick Perry will face a paradox.

Before trashing the Iran deal — the agreement inked last fall, which limits Iran’s nuclear program in exchange for sanctions relief — the incoming Trump administration should consider how a policy of soft economic engagement with Tehran could provide Washington with strategic leverage and increased bargaining power in a post-Iran deal world.

Throughout his campaign, now President-elect Trump attacked the Iran deal, claiming that “it will go down in history as one of the worst deals ever negotiated.” The future of the deal now seems to be far less certain, as Trump fills key positions with outspoken critics of the agreement. Congressman Mike Pompeo (R-KS), Trump’s recent pick for CIA director, is well-known for his hardline stance on the deal, recently noting that it should be “rolled back.”

While the U.S. administration maintains that Iran has thus far complied with the nuclear deal, the recent International Atomic Energy Agency (IAEA) report indicates that for the second time, Iran has exceeded the Joint Comprehensive Plan of Action’s (JCPOA) limit for its inventory of heavy water.

In June, the Financial Action Task Force, which is an inter-governmental body responsible for setting global anti-money laundering standards, issued its quarterly public statement on high-risk and non-cooperative jurisdictions. Somewhat surprisingly, FATF suspended its call for member states to employ countermeasures against Iran for a period of twelve months. Since 2008, FATF has called for states to apply enhanced due diligence and counter-measures against Iran in order to “protect the international financial system from the on-going and substantial money laundering and terrorist financing risks” emanating from Iran.

"In a complete volte-face the nuclear supplier states that created the NSG (then the London Group) in 1975 due to proliferation concerns raised by India's perfidy are contemplating its inclusion. Paradoxically, that sounds like a death knell of the NSG and the non-proliferation regime."

"From Hiroshima to the Cuban Missile Crisis, from arms races to arms control, from the Cold War and its proxy wars to the 2003 invasion of Iraq and the 2015 deal with Iran, few subjects have so consistently, and so controversially, concerned the American presidency as nuclear weapons have. A dozen men have been responsible for the decision to use the US nuclear arsenal since 1945, and whoever wins the election in November will inherit the responsibility for approximately 4,670 warheads at a time when relations with Russia (holder of 4,500 warheads) have reached a perilous low, a time when support for arms control is perhaps faltering, and a time when nuclear threats abound from the Middle East to the Korean Peninsula..."