On a day when the House of Representatives passed a bill that would grant Congress some oversight over the Iran nuclear deal, Russia announced that they would not support automatic Iran sanctions "snapback" if they were caught cheating. The reimposition of sanctions in case of Iranian cheating has been a major selling point for the president in his effort to build support for the deal. Since any snapback sanctions would have to be approved by the UN Security Council, the issue would be dead on arrival given Russia's veto. Bloomberg Business:  The Obama administration is trying to sell a nuclear deal with Iran to skeptical Arabs, Israelis and U.S. lawmakers by saying that United Nations sanctions will be restored automatically if the Iranians are caught cheating. Not so, say the Russians, who have one of five vetoes in the 15-member UN Security Council. “There can be no automaticity, none whatsoever” in reimposing UN sanctions if Iran...(Read Full Post)