Nokia of Finland

Business as Usual
August 17, 2009

To confront Iran, the United States must first confront Europe--and more specifically, the continent's powerful business lobby. This confrontation will come into focus in the next months. As Iran refuses Barack Obama's open-handed offer of engagement, the administration will turn towards sanctioning the Islamic Republic. And while there are surely ways in which the United States can tighten the economic screws on the Mullahs, it is Europe that has a much livelier trading relationship with Iran.