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techkenyot.com October 18, 2018


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

National Security Advisor John Bolton arrives before a joint news conference of U.S. President Donald Trump and Germany's Chancellor Angela Merkel

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's oil 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.

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"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.

It is even possible that, in line with other last minute reversals by the Trump administration, Trump will suddenly move towards a more friendly position to North Korea, as seen in sudden cozying up to China after Trump's meeting with Xi Jinping in April 2017-though relations later deteriorated again between America and China after a brief period of detente.

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Everyone in the deal except the United States reassured that they will keep their end of the bargain despite Trump's move.

"The Europeans should not have to pay for the withdrawal of an agreement by the United States, to which they had themselves contributed", he told Le Parisien newspaper.

In the case of the Iran nuclear deal, it must be remembered that there was widespread, bipartisan opposition to it in Congress.

Iranian supreme leader Ayatollah Ali Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal.

"The Europeans have between 45 and 60 days to give the necessary guarantees to safeguard Iranian interests and compensate the damages caused by the USA pullout", Icana.ir reported.

"I think you have to start first with the fundamental deficiencies of the deal itself", Bolton said.

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