President Trump announced his previous plans for the Iran deal on October 13, 2017. Photo: Drew Angerer / Getty Images

There are reasons to dislike the Iran nuclear deal, which has suspended but in no way resolved the challenges posed by Iran’s nuclear program. But since the agreement is widely embraced and Iran has complied with it, one-sided efforts to negotiate away its flaws are likely to come to naught.

When next called to certify the deal in May, President Trump will either act unilaterally to blow it up, creating a crisis that isolates the United States and deflects attention from Iran’s repression of its citizens, or again fail to make good on his threat, at the expense of his credibility. The high stakes transcend Iran, weakening our negotiating position with North Korea in the first case or our power of coercion in the second.

What’s next: North Korea’s nuclear threat is actual and immediate; Iran’s is potential and 10 to 15 years off. Rather than force an immediate showdown, Trump should begin talks with the Europeans and then China and Russia about a follow-on pact limiting Iran’s nuclear program. While he’s at it, he might also start some talks with North Korea.

Richard Haass is the president of the Council on Foreign Relations and the author, most recently, of "A World in Disarray."

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

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Illustration: Aïda Amer/Axios

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  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

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JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.