October 25, 2018

HMM: Trump Admin Will Allow Iran Key Financial Lifeline in Major Concession.

The United States is set to allow Iran to remain connected to the SWIFT baking system, an international monetary consortium that facilities cross-border transactions, according to sources familiar with ongoing talks between top U.S. officials and European allies who have been pressuring the Trump administration to take a softer line on Tehran ahead of the Nov. 4 implementation of new sanctions on Iran.

The move is being met with frustration by Iran hawks on Capitol Hill and elsewhere who have argued that SWIFT continues to provide Iran with a critical financial lifeline as the country continues to fund terrorist operations across the region despite its ailing economy.

In the past months, as European allies pressured the Trump administration to take a softer line with Iran, SWIFT has emerged as a key sticking point. While the Trump administration had vowed to choke off Iran’s financial routes, senior officials appear to have softened that stance in the face of European pressure.

To date, the speed with which the Administration had been able to get sanctions back on Iran had been a pleasant surprise. But now this.

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