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Iran Complies With Nuclear Deal; Sanctions Lifted (nytimes.com)
An anonymous reader writes: Iran has shipped most of its nuclear fuel out of the country, destroyed the innards of a plutonium-producing reactor and mothballed more than 12,000 centrifuges. This compliance with the nuclear accord struck in July has caused the U.S. and Europe to lift financial sanctions on Iran, releasing ~$100 billion in assets. "Under the new rules put in place, the United States will no longer sanction foreign individuals or firms for buying oil and gas from Iran. The American trade embargo remains in place, but the government will permit certain limited business activities with Iran, such as selling or purchasing Iranian food and carpets and American commercial aircraft and parts. It is an opening to Iran that represents a huge roll of the dice, one that will be debated long after Mr. Obama he has built his presidential library. It is unclear what will happen after the passing of Iran's Supreme Leader, Ayatollah Ali Khamenei, who has protected and often fueled the hardliners — but permitted these talks to go ahead."
During election time, if Israel doesn't like it, then expect every candidate to dance for Israeli money.
About 20% (> $500 million) of the $3.15 billion that flows into Israel as military defense aid, flows back into US politics via commercial conduits (Israeli/US companies that receive lucrative government contracts, whose US subsidiary in turns drives US politics directly and indirectly.
So a large part of this election cycle will be dominated by pro-Israel lobbies.