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February 2, 2015 10:35 am

Iran’s Weak Economy Increases Washington’s Leverage in Nuclear Talks, US Treasury Sanctions Czar Says

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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.”

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