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This is the Cato Daily Podcast for Saturday, December 19, 2020.

I'm Caleb Brown.

Since President Trump removed the US from the Iran nuclear deal, Iran has dramatically increased its stockpile of enriched uranium and, despite the Trump policy of maximum pressure, Iran appears closer to nuclear weapons than ever.

Cato's John Glazer discusses what it will mean for the U.S. to re-enter the Iran nuclear deal in a Biden administration.

You know, right now, each side seems to be kind of sussing out the other.

The opening positions of each are sort of signaling that each side is willing to engage in diplomacy

and try to revive the Iran nuclear deal but you know they're kind of waiting for the

other to go first so the

Biden administration has said once Iran returns to full compliance with the

deals terms we will reenter it lift lift sanctions, and potentially start diplomatic relations to negotiate follow-on agreements.

Iran's opening position is closer to United States lift the sanctions and then we'll come back into compliance

and then we can have a deal again.

And so it's a kind of competition to see who will move first.

...