In the three months since U.S. President Donald Trump unwisely abrogated the nuclear deal with Iran, Europe’s leaders have been vowing to keep it alive. They must now face what is already clear to business leaders everywhere: The agreement cannot be revived. The sooner work begins on a new one, the better for everyone involved.
Saving the deal — which granted Iran sanctions relief in return for new restrictions on its nuclear program — was never a real prospect after Trump pulled out. Once U.S. sanctions snapped back into place, few companies would dare to do business with the Islamic Republic.
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