Win some, lose some: Iran, the EU and Trump’s three-way game

Just days before the Islamic Republic of Iran celebrates its 40th anniversary on February 11, Europe has offered it a gift.

Ever since last May, when Washington pulled out of the nuclear deal signed under then-President Barack Obama and reimposed sanctions on Iran, Europe has promised to soften the economic blow by offering Iran a Special Purpose Vehicle (SPV). Last week, after months of anticipation, and timed to coincide with a controversial Middle East conference cohosted by Poland and the United States that is widely expected to tar-and-feather Iran, the first step of the SPV was rolled out.

READ THE FULL ARTICLE ON AL JAZEERA.

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