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Iran Gets Seven More Months to Build a Bomb and Erode Sanctions
(Wall Street Journal) Editorial - The best that can be said about Monday's agreement to extend the Iran nuclear negotiations for another seven months is that it's better than the bad deal that so many in the West seem eager to embrace. Meanwhile, the U.S. and its European partners are giving Tehran more time and money to get closer to the nuclear threshold. If a breakthrough is so close, then why seven more months? The Administration says the eased sanctions in the interim agreement give Iran $700 million in additional oil revenue every month, but the U.S. is understating the financial relief. A study from the Foundation for Defense of Democracies and Roubini Global Economics says Iran has received some $22 billion directly in the past year. Iran is also evading the oil export restrictions. The longer the interim deal continues, the more confident Tehran will become that the sanctions can never be reimposed.