The Iran nuclear program's Arak heavy water reactor. Iran's economy will never recover without nuclear accommodations with the West. Photo: Nanking2012/Wikimedia Commons.

Wall Street Journal – Iran’s economy is now fundamentally incapable of recovery without a nuclear accommodation with the West, increasing Washington’s leverage in final negotiations with Tehran, said the Treasury Department’s outgoing sanctions czar David Cohen .

“They’re stuck. They can’t fix this economy unless they get sanctions relief,” Mr. Cohen said in an interview with The Wall Street Journal about sanctions policy around the world. “I think they are coming to the negotiations with their backs to the wall.”

Read full story.