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LARRY KUDLOW: No Money for Iran, Unless Tehran Changes Behavior and Meets Clear Performance Metrics

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LARRY KUDLOW: No Money for Iran, Unless Tehran Changes Behavior and Meets Clear Performance Metrics
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White House sources report an 80 percent to 85 percent chance of completing what they are calling the Islamabad memorandum of understanding.

FISA Section 702 to expire at midnight as Congress rejects extensionSpaceX's ‘blockbuster’ $75 billion IPO signals a new era for the space economyLarry Kudlow: Iran's long-term nuclear ambitions will be endedAnd what we are learning from White House sources is an 80 percent to 85 percent chance of what they are calling the Islamabad memorandum of understanding.

It could be completed in the next few days, maybe this weekend.are included in this MoU. And importantly, the entire deal is premised on Iran changing its behavior in verifiable ways that meet clear performance benchmarks. The key points of this MoU begin with a plank that would prevent Iran from ever getting a nuclear weapon.

That includes removal and destruction of It also includes a number of technical details where inspectors from the United Nations’ International Atomic Energy Administration and American personnel will be involved in the process of destroying, removing, and verifying the end of Iran’s enriched material.

‘Varney & Co.’ host Stuart Varney discusses President Donald Trump’s potential Iran peace agreement, regional security concerns and a possible signing ceremony this weekend.will be ended. Technical inspection procedures will be included. Quote, "our approach here is to verify, verify, verify. And that the Iranians won’t get the benefit of the bargain unless they perform," end quote.

That is according to administration sources. Also Iran must stop funding terrorism in the region. A full regional peace deal is included. Plus, Iran will agree to opening theImportantly, according to sources, Iran will receive no money upon signing the MoU.

Any sanctions relief must be tied to actual performance. If they change their behavior, and start acting like a normal country in accordance with this deal, then money will be forthcoming. But after all, this is not the final deal, this is a memorandum of understanding. So hard bargaining on technical details and verification processes still lies ahead, even if this MoU is signed.

That’s very, very important.

'The Big Money Show' panelists analyze President Donald Trump's statements on Iran, a potential deal and its impact on oil prices. Undoubtedly, though, Mr. Trump’s coercive diplomacy, or negotiations with bombs, is going to continue if Iran doesn’t measure up. I have the feeling that Mr. Trump’s threat to destroy their infrastructure — bridges, power and water facilities — moved this MoU along pretty rapidly.

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