Iran’s President Hassan Rouhani is on a historic tour in the European Union this week. Accompanied by an esteemed entourage of about 100 Iranian businessmen, Rouhani was received with honors in Italy. In Rome he met with Prime Minister Matteo Renzi and was received at the Vatican by Pope Francis. From Italy he will continue to France, where he’ll meet with President Francois Hollande at the Elysee Palace. At each of these capitals, Rouhani will seek to fill a large shopping basket he’s brought with him from Tehran, which is now rushing to fulfill the nuclear agreement that went into force Jan. 16, almost two weeks ago.

This market, where Iran has been shopping since international economic sanctions have been lifted, is full of hungry buyers and sellers, equally eager to close multimillion dollar deals.

When Rouhani smiles at his French hosts Jan. 28, Israel’s Prime Minister Benjamin Netanyahu will participate at a summit in Nicosia, the capital of Cyprus, with Greek Prime Minister Alexis Tsipras and Cypriot President Nicos Anastasiades. According to official announcements, the three will discuss a series of weighty topics including the environment, tourism, energy and regional security. But hanging above them all will be Netanyahu’s frustration at his failure to prevent the lifting of sanctions on Iran and his fear that, under the protection of the agreement, Iran will establish itself as a regional power and supporter of terrorism.

A senior Asian diplomat who served in Israel until recently told Al-Monitor on condition of anonymity that the main motivation of the United States and Russia in backing the nuclear agreement with Iran is disappointment in Washington as well as in Moscow with the alliances both have with the Sunni Muslim states. “Shiite terrorists are not attacking Western targets,” he said, trying to explain why the powers have ignored the terror Iran is funding and instigating, as Netanyahu has been constantly warning.