Biden opens up the bank vault for Iran

Published February 3, 2022 12:00am ET



During his campaign for president, Joe Biden criticized President Donald Trump’s withdrawal from the 2015 Iran nuclear deal and promised to reverse it.

Whereas Trump embraced a policy of “maximum pressure” to compel Iran to cease terrorism, covert nuclear and ballistic missile work, and other rogue behavior, Biden and Rob Malley, his special envoy for Iran, took the opposite approach. They sought to entice Iran with incentives such as sanctions relief, unfreezing assets, and the liquidation of restricted-use escrow accounts.

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