Iran FM Meets Mogherini as Part of Efforts to Save Nuclear Deal

Donald Trump shows a signed Presidential Memorandum on the Iran nuclear deal on May 8 in Washington

Donald Trump shows a signed Presidential Memorandum on the Iran nuclear deal on May 8 in Washington

Iran's Foreign Minister Javad Zarif described his government's reaction to President Trump's decision on Tuesday to re-impose US sanctions on foreign companies that do business with Iran, in a statement posted to Twitter on Friday.

Trump announced this week that the U.S. was pulling out of a 15-year deal in terms of which Iran committed to stop its nuclear development programme.

Trump claimed that the deal had failed to prevent Iran from developing nuclear weapons or supporting terrorism in the region.

"In any case we will make sure that we comply with the applicable global regulatory framework and, given our crude supply flexibility and diversification, we do not expect any significant effect on our operations". "If you can't get a definite guarantee, then the nuclear deal cannot be continued", he added. Now, the outcome of the United States getting out of it is to reimpose all American sanctions as they were before the deal came into effect.

Despite the US exit, Britain and Iran expressed their commitment on Sunday to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

"The holy system of the Islamic Republic will step up its missile capabilities day by day so that Israel, this occupying regime, will become sleepless and the nightmare will constantly haunt it that if it does anything foolish, we will raze Tel Aviv and Haifa to the ground."
We have the support of the Arab oil-producing monarchies and many others.

Jefferies said that OPEC has the capacity "to replace the Iranian losses" but added: "Even if physical supply is held constant. the market will still be faced with a precariously low level of spare capacity".

Mr. Le Maire said Friday that the EU should strengthen laws forbidding European companies from paying overseas fines for sanctions that clash with Europe's foreign-policy objectives.

At the same time, the European diplomats wanted to show they weren't gullible and wouldn't drop other divisive issues with Tehran, including its role in the Syria conflict. If they're going to see that it's not in their interest to stay in the deal; we're going to have to watch what the Iranians do.

While abandoning such deals would hurt financially, they would not likely have a lasting impact on the companies. "But it's unlikely they can keep doing business today, giving room to Russian Federation", said independent political scientist Vladimir Sotnikov.

Secretary of State Mike Pompeo said the USA still wanted to work with the Europeans on a new deal.

"I'm not saying it's easy".

Responding to a question about options available to refineries in the European Union and among the Asian buyers of Iran's oil to avoid the U.S. punishment in case of continuing purchase from Tehran, the expert said it should be considered in the context of the position of their national governments in each country.

The head of the influential Revolutionary Guards, Mohammad Ali Jafari, said: "I hope recent events will lead us to end our trust in the West and the Europeans". And this is what he discussed with President Macron.

For the Russian state, whose finances remain highly dependent on natural resources, this is a significant source of income at a time when President Vladimir Putin is beginning his fourth Kremlin term with promises of developing Russia's economy and reducing poverty.

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