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April 7, 2016

Trade Won’t Lead to Iranian Moderation

Despite what the president thinks.

Last week, it became evident that the U.S. was planning to allow the Islamic Republic to make financial transactions through American banks, using American currency—in direct violation of a promise made by the secretary of the treasury to Congress last year. The White House has now suggested a workaround that does little to allay concerns about money-laundering and financial support for terror. Why so much eagerness to aid the Iranian economy? Clifford May explains:

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