USA sanctions 'possible' on European firms over Iran: Bolton

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

Indeed, the major reasons for the USA withdrawal from the JCPOA on the Iranian nuclear program are not linked to the agreement itself, but to Washington's approach to Tehran's policy in the Middle East, Ryabkov said. Immediately after Trump announced his decision, Israel started launching missiles [against Iranian targets in Syria], so it looks like they're trying to provoke Iran to retaliate.

Merkel, speaking in the western German city of Muenster on Friday, said Trump's latest blow to trans-Atlantic relations, on top of his withdrawal from the Paris climate accord and trade disputes, made clear that the world's multilateral institutions are "in real crisis". Instead of geniality, what we've received from Iran is threats to wipe out Israel, the harassment of the USA military to the point of taking hostages and a bloody, terroristic presence in the Middle East meant to say Iran would soon be in murderous control.

EU leaders aim to show a united front on preserving the Iran deal when they meet for a pre-summit dinner in Sofia on Wednesday, European Council President Donald Tusk said.

So does Iran because, instead of taking returned billions and putting them into its economy, it put them into military buildup and support of terrorism.

He also said that the European Union intends to comply with the terms of the nuclear agreement with Iran as long as it adheres to Tehran and despite the White house's decision to withdraw from the deal.

The announcement by Donald Trump that the United States would pull out of the agreement came with the restoration of sanctions against Tehran, including six individuals and three companies it claims are funnelling millions of dollars to the Islamic Revolutionary Guard's elite Quds Force. But even assuming that he is right, what evidence is there that Iran would agree to terms more favorable to the United States after we left an existing agreement when, at the very least, they have support from Russian Federation and China?

Concluding that "America stands with the long-suffering people of Iran", Trump added, "Great things can happen for Iran". This one which goes so far as to challenge control by Iran's Islamic regime, also has a large economic component.

Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week. He said he spoke to U.S. Treasury Secretary Steven Mnuchin to request exceptions for French companies, a delay in implementing sanctions, and a so-called grandfather clause for companies that invested in Iran while the treaty was in place.

According to Asa Fitch, reporting in The Wall Street Journal, the simmering anger voiced by protesters is being stoked by Tehran's corrupt and politically-empowered elite who are siphoning off Iran's wealth.

Iranian hardliners - who have long opposed President Hassan Rouhani's moves to improve ties with the West - are already mobilizing against the efforts to save the nuclear deal. Not only will they face even more backbreaking sanctions.

"We are working on finding a practical solution", Mogherini told a news conference.

First published at the Alliance of Middle East Socialists website.

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