It is not clear how the interim Geneva agreement between Iran and the P5+1 powers will affect Iran's relationship with Lebanon-based Hezbollah or Hezbollah's regional influence. According to the IAEA's most recent report, Iran's stockpile of medium-enriched uranium has decreased substantially from its prior levels, suggesting that Iran is implementing the Geneva agreement, at least for the time being. One could certainly argue that if Iran continues to comply with the deal and forecloses its nuclear option, it will no longer be able to easily project influence with the threat of nuclear weapons acquisition or a latent nuclear capability. By this logic, Iran may choose to rely more heavily on Hezbollah to make its presence felt throughout the region. This is certainly a concern of other Gulf States, who fear that the nuclear deal does not address the threat that proxy groups may pose to their regimes.