#Iran’s Bid to Integrate With Global Economy Coming to an End - Bloomberg

Iran’s Bid to Integrate With Global Economy Coming to an End - Bloomberg:

Iran’s six-year push to integrate with the global economy appears to be coming to an end. 


On Monday, Iran threatened to withdraw from its last remaining commitments to the 2015 deal that limited its nuclear program in exchange for the lifting of international sanctions. On the same day, Foreign Minister Javad Zarif pulled out of this week’s World Economic Forum, the global economy’s annual networking event in Switzerland.

The moves follow a speech by Supreme Leader Ayatollah Ali Khamenei on Friday, in which he accused Europe of joining the U.S. campaign to “bring Iran to its knees.” His regime had hoped the so-called EU-3 -- Britain, France and Germany -- would help Iran to circumvent U.S. President Donald Trump’s return to “maximum pressure” sanctions by upholding the nuclear deal. But that no longer seems feasible, if it ever was.