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Debating the Iran Deal

July 14, 2015 in Economics

Iran and six world powers have finalized an agreement on the future of Iran’s nuclear program. The deal decreases the likelihood of an Iranian nuclear weapon and staves off the risk of another costly U.S. war in the Middle East. Critics of the deal argue that this will pave the way to a nuclear-armed Iran and lead to proliferation throughout the region. Neither outcome is likely. Iran will remain a troublesome regional player with little power-projection capability under this deal. The difference now, explains Cato scholar Christopher Preble, is that their nuclear program is significantly rolled back and subject to stringent monitoring.

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