Last week President Obama called Vladimir Putin of Russia to thank him for his cooperation on the Iran nuclear deal. Given current geopolitical tensions, the fact that the U.S. got Russia to agree to the deal is almost as remarkable as Iran signing on.
This morning the deal was endorsed by the U.N. Security Council, including Russia. In 90 days, unless Republicans in the U.S. Congress manage to torpedo the entire process, which is highly unlikely, the U.S., EU, and U.N. will begin preparations to lift sanctions once Iran is found to be in compliance. The deal includes a so-called snapback provision, which allows sanctions to be easily reimposed if Iran is believed to be in violation of its commitments under the agreement.
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