President Obama's Iran agreement was designed to address nuclear weapons proliferation, but the sanctions relief it provides will disadvantage U.S. business in ways that few people have discussed. Even though the U.S. led the negotiations, companies in other countries will have the ability to capitalize on the economic opportunities the accord will open up. U.S. companies will be forced to stand on the sidelines watching their competitors in Europe, Russia and China reap the economic benefits.
Why? Iran has been hostile to the United States for decades. Sanctions have been imposed since 1995 targeting Iran’s weapons of mass destruction and missile proliferation activities, support for international terrorism, and human rights practices.
Read Full Article »