I was right.

I wrote that the previous agreement between the West and Iran should be used as a model for predicting how the ongoing P5 + 1 negotiations will go.
Specifically, I wrote:
In the coming months when Iran and the West have a dispute over the meaning of terms of the Geneva deal or the discovery of something suspicious in Iran, Iran knows that it can bluff its way out of suffering any consequences for its bad faith.
Last week the Treasury Department designated a number of companies and individuals for their illegal trade with Iran.
“The Joint Plan of Action reached in Geneva does not, and will not, interfere with our continued efforts to expose and disrupt those supporting Iran’s nuclear program or seeking to evade our sanctions. These sanctions have isolated Iran from the international financial system, imposed enormous pressure on the Iranian economy, and motivated the Iranian leadership to make the first meaningful concessions on its nuclear program in over a decade,” said Under Secretary for Terrorism and Financial Intelligence David S. Cohen. “Today’s actions should be a stark reminder to businesses, banks, and brokers everywhere that we will continue relentlessly to enforce our sanctions, even as we explore the possibility of a long-term, comprehensive resolution of our concerns with Iran’s nuclear program.”
The Iranian reaction was predictable.