Market Overview

Is Iran's Nuclear Agreement A Done Deal?

Is Iran's Nuclear Agreement A Done Deal?

While it may seem like the hardest negotiations are over, the nuclear agreement made between Iranian officials and Western diplomats was only the beginning.

Now the deal will be scrutinized around the world as the U.S. and its allies debate whether or not the agreement's benefits outweigh the risks.

Republican Majority

One arena where the deal is likely to face a lot of opposition is U.S. Congress. As Republicans represent the majority in both the Senate and the House, there could be a lot of pushback against the nuclear deal during Congress' 60 day review period.

However, in order to completely overturn the deal and ensure that it is not passed, Republicans would need to gain support from many of Congress' Democrats.

Since the bill represents a major policy aim for Obama, who is backed by the Democrats, Republicans are unlikely to get the votes they need to kill the deal.

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Middle Eastern Worries

The U.S. isn't the only place the deal faces opposition. In the Middle East, many of the U.S.' allies worry that the deal will give Iran too much power.

While Iranian officials have promised to curb the nation's nuclear activities in accordance with new restrictions laid out in the agreement, Israeli Prime Minister Benjamin Netanyahu said that the financial power that relaxed sanctions will give Iran will spell disaster for the region. 

Netanyahu said he plans to lobby against the deal as he believes it will allow Iran to provide financial support to its allies, namely Syria.


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