US Push For Iran Sanctions Heightens Trade Uncertainty

By Leigh Crestohl and Stephanie Limaco (September 15, 2020, 5:41 PM EDT) -- Despite having withdrawn from the Iran nuclear deal in May 2018, the Trump administration attempted last month to trigger the deal's dispute resolution mechanism, colloquially known as snapback, designed to cause the United Nations Security Council to restore U.N. sanctions against Iran to the pre-2015 position.

This move was resoundingly rejected by the Security Council, a further setback for the U.S. after having failed to extend the arms embargo on Iran, which under the deal is set to be lifted in October.

These are significant developments in the realm of diplomacy and international relations. However, the threat of a return to...

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