January 22, 2019

Europeans must guarantee benefits to Iran of nuclear deal: Zarif

17 May 2018, 09:20 | Joann Bryant

Europe to seek exemptions from new US sanctions on Iran

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

Zarif also said that sanctions USA against the governor of Iran's central bank Valiollah Seif were illegal. Nearly all of them showed signs of recovery and economic growth in 2016 and 2017. Quite the contrary, it provided cover for Iran to continue its efforts. It also points to a refusal to accept that Trump's decision on Iran, fulfilling a campaign pledge to USA voters, should be allowed to upend a global agreement negotiated over years and which worldwide observers say is working.

The United States threatened on Sunday to impose sanctions on European companies that do business with Iran, as the remaining participants in the Iran nuclear accord stiffened their resolve to keep that agreement operational.

Exactly, how "helps" is defined is unclear.

After long negotiations, Iran agreed in July 2015 to freeze its nuclear programme in return for the repeal of punishing worldwide sanctions. In short, Trump's decision has hurt his own country without any other viable option. In such a case, the Caribbean country concerned could attract sanctions.

The European Union exported almost €11 billion ($13 billion) in goods to Iran in 2017, a 66% increase from 2015.

US President Donald Trump wants to get a deal "that's right, a bigger" deal, he said. "Not one good thing". "The wisest course would be to improve the handcuffs rather than break them". All 15 UNSC members have endorsed the Iran deal, enshrining it through a resolution as part of worldwide law. Indeed, trade between the USA and Iran is far less than trade with Antigua and Barbuda, one of the small Caribbean countries. "We have interests and we have values and we have to balance both", Kaeser said.

Trump weighed in later Sunday, saying his decision would limit Iran's regional ambitions. "The circumstances I'm in now is that I'm the national security adviser to the president".

"As you know very well, we have many other disagreements", she said. While Merkel and Johnson made no apparent headway with the US President, there had been signs when Macron met Trump of potential compromise.

The deal from the start never said hey, stop everything.

However, Washington's decision to pull out of the worldwide nuclear deal and its threat to reimpose sanctions on firms doing business in Iran has cast fresh doubt over this new trade.

However, experts have attested the Israeli "intelligence documents" related to a time preceding the 2015 agreement. Iran's President Hassan Rouhani promised that Tehran was determined to stick to the JCPOA and comply with its commitments.

There is one other concern for Caribbean countries and all other small states. Put differently, the European Union sees the JCPOA as a multinational endeavor to use peaceful means of conflict resolution to [attempt] to solve a major global challenge.

"Indeed, I would argue that they felt they could act with impunity".

In the meantime, the prospect for greater conflict and instability in the Middle-East has now escalated.

Others were dubious that withdrawing from the nuclear deal would prove effective, particularly since it shattered an worldwide alliance that worked to negotiate the deal with Iran.

But the fact is that the Iran deal was not meant to address Iran's policies in the region or its missile developments.

Although it's not worth crying over spilt milk, Washington had ample opportunity and authority to grow financial pressure on Iran in a manner that would not violate the JCPOA, and thus not cause a trans-Atlantic row.

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