Brazil’s recent rift with the US over the issue of Iran’s nuclear regime has surprised many international observers. Our view is that President Lula – who participated in the Brazilian-Turkish mediation exercise that helped to convince Tehran in mid-May to agree to a uranium swap deal, in part to avoid more UN Security Council-approved sanctions (ultimately endorsed on 9 June) – has neither significantly helped nor hurt Brazil’s overall trade and geopolitical interests with his recent...
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