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Israel's plan to influence Biden on Iran

Israel is drafting a strategy for engaging with the incoming Biden administration on Iran, two Israeli officials tell me.

What they're saying: “We don’t want to be left out again," Israeli Foreign Minister Gabi Ashkenazi told the Knesset foreign relations committee in a classified hearing last week. He said Israel had to avoid the mistakes that left it isolated as the Obama administration negotiated the 2015 Iran deal.


  • Ashkenazi said Israel's hardline approach made it almost irrelevant to the process and left it without any influence on the deal's contents, two officials who attended the hearing told me.
  • Where things stand: Biden's plan is to return to the deal if Iran returns to compliance and then attempt to negotiate a broader, longer-lasting agreement.

Flashback: During the negotiations between 2013–2015, Israel hardly attempted to reach any understandings with the White House about the deal and instead campaigned against it.

  • Prime Minister Benjamin Netanyahu went behind Barack Obama's back to then-House Speaker John Boehner to organize a speech in Congress opposing the deal.

What's happening: The Israeli Foreign Ministry has formed a special team, led by Ashkenazi, to focus on how Israel can remain in the loop and influence any negotiations the Biden administration might have with Iran, Israeli officials say.

  • Ashkenazi told the hearing that the team's goal is to make sure any future nuclear deal with Iran contains elements that are important for Israel.
  • In his view, that means convincing Biden to link the nuclear issue to Iran's missile program and regional behavior.

Behind the scenes: According to the officials who attended the classified hearing, Ashkenazi said the Foreign Ministry thinks the Biden administration will follow through on Biden's plan to push for a renewed nuclear deal.

  • But he added that he believes Biden’s team is aware that the 2015 deal had weaknesses and will try to address them.
  • Ashkenazi said the Foreign Ministry has already made preliminary contacts with members of the Biden transition team to establish channels of communication.

Yes, but: The current Israeli government is dysfunctional and fractured. Ashkenazi is considered one of Netanyahu’s main political opponents, and they have significant policy differences, including on Iran.

  • It's unclear if Netanyahu shares Ashkenazi’s views on how to engage with the Biden administration.
  • Netanyahu’s closest confidant, Israeli ambassador to the U.S. Ron Dermer, said Monday that it would be a mistake for Biden to go back to the 2015 nuclear deal.

Worth noting: Ashkenazi said in the hearing that the Iranians were preparing to renew talks with whoever won the U.S. elections, and he added: “We don’t know with which U.S. administration the deal would have been more problematic for us."

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Warren broadsides private equity following stock market volatility

Private equity has once again found itself in the crosshairs of Sen. Elizabeth Warren (D-Mass.), this time for "treating the stock market like a casino."

What she said: Warren's broadside was part of a letter sent Friday to the SEC, asking it to investigate and provide more information on how it plans to address the recent stock market volatility, related to shares of GameStop, et al.

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