EU-Iran Instex trade channel remains pipe dream

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Discussion posted by: Arye ben-Shaoul

The Iran nuclear deal is hanging on by a thread, and the European Union wants to salvage it through a special trade mechanism with Tehran. So far, however, it is proving ineffective. Since withdrawing from the Iran nuclear deal in May 2018, the US has imposed a range of sanctions on Tehran that are hurting Iran and countries across Europe. In response, Tehran has stopped complying with the terms of the nuclear agreement. France, Germany and the United Kingdom — or E3 for short — consequently triggered the framework’s dispute resolution mechanism in early January.