Thursday, 16 August, 2018

Iran would remain part of deal: Rouhani

Paolo Gentiloni Mariano Rajoy Emmanuel Macron Angela Merkel and Mark Rutte the leaders of Italy Spain France Germany and the Netherlands deliver a joint news conference in Berlin Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live
Laurie Berry | 17 May, 2018, 09:20

But preserving or increasing European investment in Iran in the face of the American sanctions is a hard challenge - especially since the White House has made clear to Europeans that their companies will not get exemptions from the sanctions, which Washington hopes will pressure Iran into a new set of negotiations.

"We are going to put together a coalition that pushes back against not only Iran's nuclear program - which they still deny".

Johnson said he would discuss ways to protect European companies doing business with Iran at the Brussels meeting. The three nations' leaders all had personally met with Trump pleading for him not to pull out.

"Let me say that the recent withdrawal of President Donald Trump from the Iran nuclear deal is a very sad one".

"We have started an intensive process (and) the economic benefits inside the JCPOA (Iran deal) should be preserved for Iran", Mohammad Javad Zarif said on arrival in Brussels ahead of a meeting with his British, French and German counterparts. Should the deal collapse completely, however, Rouhani said he had instructed Iran's atomic energy agency to prepare to restart uranium enrichment at "an industrial level in a few weeks' time". Indeed, trade between the United States and Iran is far less than trade with Antigua and Barbuda, one of the small Caribbean countries.

Washington's withdrawal from the Iran deal has upset European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the West Asia. Even if the U.S. desire to renegotiate a new deal is actualised-a prospect Iran has dismissed-it is unlikely a new agreement could be reached soon (the original deal took 12 years of talks).

The question is whether the remaining signatories - the so-called EU-3, Russian Federation and China - can deliver the benefits of the accord, including access to global oil markets, trade and investment, that enticed the Iranians to join the agreement. But no word has come from China as yet.

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"We are on the right path to move forward", he said. What this means is that the U.S under Trump can withdraw from other agreements.

France insists that while European Union nations are willing to discuss issues including Iran's ballistic missile program and its destabilising role in the Middle East, the nuclear deal must stand.

He is gauging worldwide readiness to guarantee Iran's interests if it decides to remain in the nuclear pact a week after President Donald Trump announced that the U.S. was walking away from the JCPOA, which he described as a terrible deal. Does it seem likely that Tehran will meekly sign a new agreement with the president who walked away from the previous accord? It cited, for instance, Trump's earlier dumping of the Paris climate change agreement with a promise to provide a better deal that he hasn't fulfilled. This claim is criticised by his Democratic Party opponents, such as Susan Rice, the former National Security Adviser in President Barack Obama's administration. He called the Russian opposition on the United States exit from the nuclear deal "hopeful".

"If Mr. Trump thinks he is sending a strong message of resolve to North Korea, he is again mistaken".

France as a "matter of principle" can't accept that "the U.S. act like the world's economic policeman", Finance Minister Minister Bruno Le Maire told reporters on Friday.

China was closely involved in negotiating the agreement as one of the five permanent members of the UN Security Council and has always been a close Iranian economic partner, buying about a third of Iran's oil shipments.

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