The U.K., France, China, Russia and Germany recently began talks to bring the U.S. back into the Joint Comprehensive Plan of Action (JCPOA) or “Iran nuclear deal.” The U.S. has indicated that it is prepared to re-embrace the JCPOA, including lifting sanctions that are inconsistent with the deal.

Such a move would reduce the foreign policy divergence between the U.S. and its European allies over Iran, potentially paving the way for European businesses to restart their Iranian activities.