Philosopher
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The whole idea that the West will loosen sanctions on Iran is wrong and shortsighted.
The signing of the JCPOA did give Iran more economic opening relative to the sanctions it was under. They will loosen the secondary sanctions, but not entirely remove them. There are multiple factors that feed into Iran not realising the full potential of sanctions relief. 1) Internal mismanagement and Fesaad. 2) Outsiders being afraid to invest in Iran in fear what will happen after a new US administration come into power 3) Iran not focusing on banking/fifance sanctions in their negotiations. This was botched procedure on Iran's part. Thus the issue is not just the sanctions themselves, but other factors too.
Like I said, these next 4 years will determine whether the JCPOA lives and if such negotiations are worth the time. It is quite simple, if Biden cannot deliver on the sort of relief Iran is after then it's all over. At the same time, the reformists will take a nail on the coffin. My personal view is that these reformists are dangerous for Iran in the long term and that as time goes by, there will be less patience for them in the Iranian power structure. But that's a topic for another time.