The story: Iranian lawmakers have met to discuss two key bills that could allow the Islamic Republic to exit the blacklist of the Paris-based Financial Action Task Force (FATF). Proponents insist that finalizing the bills—which were initially passed by Reformist MPs in 2018 but then blocked by the hardline Guardian Council—is essential for reviving the economy and will allow expanded trade with allies, including China and Russia. However, critics allege Iran would be making itself vulnerable and receiving little in return.

The coverage: Lawmakers met behind closed doors on Feb. 2 to discuss the adoption of two bills crucial to improving Iran’s standing with the FATF. After a dispute between the parliament and the Guardian Council...