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US offers to work with Europe on new Iran deal
14 May 2018, 08:42 | Hattie Nash
US offers to work with Europe on new Iran deal
The or five signatory powers - China, Russia, France, United Kingdom, and Germany - remain in that agreement while Washington reactivates sanctions machinery, opening question of wher U.S. will penalize European companies with business with Iran.
"There is a realization among all European states that we can not keep going in the direction we are headed today whereby we submit to American decisions", Le Maire told reporters in Paris. The Treasury Department said on Tuesday that sanctions targeting Iran'soil trade and energy industry will come with a six-month lag.
The statement said "the Iranian regime's reckless actions pose a severe threat to regional peace and security".
"It's the same witches brew of bullish stuff: Iran, Venezuela, the lack of alacrity by Saudi Arabia to bring more oil onto the market", said John Kilduff, partner at Again Capital in NY. French exports to Iran doubled to 1.5 billion euros previous year, driven by sales of aircraft and automobile parts, according to customs data. Imports totalled $6.8 million, with dates contributing over half.
White House National Security Adviser John Bolton said it is possible the US will impose sanctions on European companies that do business with Iran.
European nations are moving to protect their companies from a resumption of stiff USA sanctions on firms doing business in Iran, in a critical part of their bid to keep the Iranian nuclear deal alive and ensure it continues to benefit Iran's economy.
European countries have 45 to 60 days to provide the necessary safeguards for the protection of Iran's interests and compensation of losses caused as a result of the U.S. withdrawal from the deal, said Araqchi. They believe that the JCPOA as it stands is not sufficient to prevent Iran from nuclear development and should be scrapped for a much stricter agreement.
UN Secretary General Antonio Guterres has urged Donald Trump not to walk away from an global deal created to prevent Iran acquiring nuclear weapons.
"I think at the moment there's some feeling in Europe - they're really surprised we got out of it, really surprised at the reimposition of strict sanctions".
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And after her phone call with the president, a Downing Street spokesman said Mrs May had raised sanctions and re-stated her support for the Iran nuclear deal. Meanwhile, former Secretary of State John Kerry, who had been traveling the world in an attempt to conduct his own personal foreign policy on behalf of the mullahs, stated, "Today's announcement weakens our security, breaks America's word, isolates us from our European allies, puts Israel at greater risk, empowers Iran's hardliners, and reduces our global leverage to address Tehran's misbehavior".
"It's not yet clear to us or to Europe what that means in respect of existing export levels in the eyes of the United States", Mr Parker said.
Iran's foreign minister will travel to Moscow on May 14 and meet his Russian counterpart, Russia's RIA news agency said, citing a Russian foreign ministry official.
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