June 10, 2016
The U.S. Treasury Department released new guidance on June 8 that appears intended to reassure European and other non-U.S. banks wary of doing business with Iran. In an updated explanatory document published by the Office of Foreign Assets Control, the Treasury Department stated that the U.S. financial system will remain open to foreign banks...
May 20, 2016
On May 9, a senior Iranian defense official announced the recent test of "a missile with a range of 2,000 kilometers and a margin of error of 8 meters." Iran's defense minister quickly refuted the specifics of this claim, but not the test itself. This appears to be the latest in a series of Iranian missile tests since last October, all of which...
April 20, 2016
Secretary of State John Kerry and Iranian Foreign Minister Javad Zarif met in New York on April 19 amid dissatisfaction on both sides about the implementation of the nuclear agreement. Iran has voiced frustration with the slow pace of financial sanctions relief promised by the agreement, and Mr.
March 17, 2016
This week, the United Nations published some guidance about a critical part of the nuclear agreement with Iran: the procurement channel. Sales to Iran of items controlled by the Nuclear Suppliers Group (NSG) and of non-listed items with nuclear applications must pass through this channel, following a review by the newly created Procurement...
March 8, 2016
The CEO of a New York-based metallurgical company has been arrested on charges of illegally exporting a specialized metallic powder from the United States to Iran, the U.S. Justice Department announced on March 1. According to the criminal complaint, Erdal Kuyumcu, a naturalized U.S.
January 18, 2016
Iran and the P5+1 announced on January 16 that Iran had met its obligations under the terms of the nuclear agreement and would immediately receive a first round of sanctions relief. “Implementation Day” of the agreement arrived sooner than expected, as Iran rushed to limit the scope of its nuclear work and stockpiles, including by diluting or...
January 8, 2016
Last week, the White House backtracked on plans to impose new financial sanctions on Iran’s ballistic missile program. The Wall Street Journal reported on December 30 that the Treasury Department was preparing to sanction 11 companies and individuals that helped Iran’s missile developers illicitly procure key items from foreign suppliers.
December 10, 2015
The International Atomic Energy Agency (IAEA) released its long-awaited final report on Iran’s alleged past nuclear weapons work on December 2. This report is likely to be the Agency’s last word on its investigation into what it calls “the possible military dimensions [PMD] to Iran’s nuclear program.” The Agency found that Iran had a “...
December 2, 2015
Iran is taking steps to expedite the implementation of the nuclear deal, which Iranian deputy foreign minister Abbas Araqchi expects in “early January.” An early January implementation date now looks possible because Iran has taken two key steps needed to fulfill the nuclear restrictions required by the Joint Comprehensive Plan of Action: 1) it...
November 18, 2015
As part of the nuclear agreement with Iran, 36 entities will be removed from the United Nations blacklist when the deal is implemented next year. This represents about one-third of the entities on the U.N. list and covers entities that have been linked to undeclared nuclear work or illicit nuclear procurement. The removals also set in motion...