Published: Wed, May 16, 2018
Business | By Kate Woods

Iran Deal: Will Europe Rise to the Occasion?

Iran Deal: Will Europe Rise to the Occasion?

U.S. Secretary of State Mike Pompeo says the Iranian documents obtained by Israel show that Iran lied about its pursuit of nuclear weapons and its deception undercuts the worldwide nuclear deal it signed in 2015. The foreign ministers of the three European powers will meet their Iranian counterpart in Brussels on Tuesday to discuss a way forward.

Iranian Foreign Minister Mohammad Javad Zarif touched down in Moscow on Monday morning as part of a series of worldwide diplomatic meetings aimed at saving the Iran nuclear deal following the United States' withdrawal.

And the Number 10 spokesman added: "The Prime Minister raised the potential impact of United States sanctions on those firms which are now conducting business in Iran". Also, the economic sanctions by the US will resume after the grace period of between 90 days and 180 days.

The French Foreign Ministry said President Emmanuel Macron believes that the way to reduce tension lies in renewed negotiations with Iran on a broader deal "that will include its nuclear activities and its ballistic missile program as well as the search for a solution to the crises in the region".

EU Commission President Jean-Claude Juncker said in a speech to a Belgian regional parliament that Trump's decision shows the U.S. We're concerned that Iran's crude oil supply might be reduced if the sanctions are revived.

And then there's Israel, a key U.S. ally that has been courted heavily by the Trump administration - including with the opening of the new U.S. Embassy to Israel in the contested holy city of Jerusalem on Monday - which is now engaged in an escalating series of confrontations with Iran in Syria. "Will soon determine how P4+1 can guarantee Iran's benefits under the JCPOA, and preserve this unique achievement of diplomacy".

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"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added.

"If foreigners invest in Iran, it will accelerate the development of our oil sector but, if not, we will not die", he said.

Trump's move to ditch the nuclear deal has infuriated Washington's allies in Europe as well as China and Russian Federation.

When asked whether Washington would impose sanctions on European firms, Bolton told CNN: "It's possible". The administration put out a statement outlining the benefits of the deal, such as breaking the united front against Iran that took place under President Barack Obama, the removal of worldwide sanctions and recognition of Iran's nuclear program.

In the wake of Trump´s decision on the JCPOA, there was a flurry of articles in key media outlets such as Financial Times, Washington Post, Foreign Policy, and others calling for a thorough re-evaluation of Europe´s relations with the US.

"China will take an objective, fair and responsible attitude, keep communication and cooperation with all parties concerned, and continue to work to maintain the deal", Wang said, adding the agreement was "hard-earned". It intends to maximize pressure on Iran to bring the country to the negotiating table and strike a new nuclear agreement.

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"I think that will sink in, and we'll see what happens then", he said.

This week will see a flurry of activity in the European Union created to save the nuclear deal with Iran, otherwise known as the Joint Comprehensive Plan of Action (JCPOA).

"It's reminiscent of the saying attributed to Vladimir Lenin that the capitalists will sell us the rope with which we'll hang them", he said.

He said perhaps they feel that way in large part because representatives of the Obama administration were working in the past several weeks to try and prevent the deal from abrogating, which may have given the Europeans the false impression that they could prevail.

Riedel noted that the USA was no longer playing the role it has traditionally occupied in the Middle East. "Do we accept that the United States is the economic gendarme of the planet?"

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