Seizing on Democrats’ return to power, Iran’s terrorist regime has signaled that it is willing to return to the 2015 nuclear deal — if President Biden meets certain preconditions, of course. But as desperate as Biden is to resuscitate that bad and ineffective agreement, he must recognize that Iran is in no position to demand anything. Rather than give concessions for free, he should approach the process with demands of his own because Iran will feel compelled to make a new deal.

After four years of former President Donald Trump’s “maximum pressure” campaign, the Iranian economy is in shambles. Iran’s exports of goods, including critical oil supplies, have plummeted to nearly zero. Its trade with the European Union has collapsed. Its currency is in free fall, inflation is soaring, and unemployment is above 10% (and much higher among the young). President Hassan Rouhani this month had his budget rejected by parliament.