January 22, 2019

Iran official says Europe has 60 days to give nuclear 'guarantees'

17 May 2018, 12:48 | Joann Bryant

Iranians Protest Trump's Withdrawal From Nuclear Deal

US President Donald Trump speaks during a Cabinet Meeting in the Cabinet Room of the White House in Washington DC

The sanctions will not only bar US companies from doing business with Iran, but they also will hurt European and other companies by prohibiting them from using American banks unless they cut links with Iran.

On May 9, President Donald Trump broke with his European allies to announce United States withdrawal from the global nuclear agreement with Tehran brokered by President Obama.

Iranian Foreign Minister Javad Zarif said he would try and save the 2015 Iran Nuclear deal through negotiations with the European nations who were co-signatories to the deal.

Accordingly, Iran's President Hassan Rouhani said that Iran would remain in the worldwide nuclear deal in case the country's interests are secured by other parties to the agreement.

In this category, the EU, South Korea and Japan are the main sources of hard currency for Iran's oil revenues, and the U.S. sanctions - as it was shown before the JCPOA - found their greatest impact in Europe, where buyers of Iranian crude reduced their purchase to 80 percent, the expert said, adding that similarly, Korea and Japan reduced their imports from Iran to less than 50 percent of its pre-sanction level.

In an ironic twist, President Donald Trump's diplomatic progress in North Korea may have played a major role in his decision to withdraw from the Iran nuclear agreement.

"They're really surprised we got out of it, really surprised at the re-imposition of strict sanctions", he said in a separate appearance on CNN.

Trump's move to ditch the nuclear deal has infuriated Washington's allies in Europe as well as China and Russian Federation, who cooperated to reach the deal.

Le Maire also proposed creating a European body that would have the same kind of powers that the U.S. Justice Department has to punish foreign companies for their trade practices.

"Should the governments decide to comply with USA demands, the refineries - as was seen in Europe and Japan - will have to make the necessary adjustments to process crude from other countries", Emadi said.

On Sunday, US Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behaviour" and was working hard to thrash out a more wide-ranging deal with its European partners.

For too long, those options were constrained by concerns that the pressure to confront Iran - to stop its support of Assad's slaughter of millions, of the Houthis in Yemen, of the IRGC and Hezbollah's terror - would undermine the nuclear accord.

British, French and German foreign ministers, along with the EU's top diplomat, discussed the next steps with their Iranian counterpart, a week after U.S. President Donald Trump abandoned the pact he branded "the worst deal ever" and reimposed U.S. sanctions on Iran.

Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin would try to "persuade the United States government to change its behavior".

When asked if this would mean sanctions against firms, the adviser didn't deny the possibility.

Israel and its allies have blamed the Iranian Revolutionary Guards for initiating Thursday's exchange by launching missiles into the occupied Golan Heights. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was anxious about stability in the West Asia, according to Macron's office. But in an interview aired on the ABC programme This Week, Bolton said, "That's not the policy of the administration".

The Russian Foreign Ministry believes that the United States will not revise its decision to pull out of the Iranian nuclear deal. These inspections are important not just for monitoring Iran's activity, but for undercutting the ability of hawks in the United States to concoct stories about Iran's nuclear program in an effort to foment conflict. "I think that will sink in; we'll see what happens then", Bolton said.

"We are on the right path to move forward", he said.

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