European energy giants are flocking to Tehran once again. The word in Brussels was that Europeans are hesitant to adopt new sanctions because they wish to know first where President Obama’s Iran foreign policy will be heading. To the politicians’ and officials’ credit, at least the list of sanctions being circulated by the EU-3 has considerably more teeth than ever before. But clearly, as indicated in this recent news report, energy giants have already concluded that sanctions will soon be out of fashion. Why waste time then? Clearly, they have made up their mind about where the wind is blowing.