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

Lavrov calls situation on Iran deal a 'crisis'

Lavrov calls situation on Iran deal a 'crisis'

"We are on the right path to move forward", he said.

"Do we want to be vassals who obey decisions taken by the United States while clinging to the hem of their pants?"

So far, China, France, Russia, Britain, the European Union and Iran remain in the accord, which placed controls on Iran's nuclear program and led to a relaxation of United States economic sanctions against Iran and companies doing business there.

Fellow signatories to the deal have been quick to denounce Trump's decision. Military tensions between Iran and Israel have already mounted, and oil prices are rising on the uncertainty.

Iran's foreign minister has held talks in China as he began a diplomatic tour with the remaining signatories of a multinational nuclear deal following the recent U.S. withdrawal from the landmark 2015 pact.

"This agreement remains important for our shared security", a joint statement signed by French President Emmanuel Macron, German Chancellor Angela Merkel and UK Prime Minister Theresa May said on Tuesday.

More news: Scott Wagner Projected Winner of GOP Nod for PA Governor

Merkel said Friday the unilateral US withdrawal undermines confidence in the global order, but that it wasn't enough to abandon decades of cross-Atlantic cooperation.

Igor Delanoe said that Russian Federation had a "real role to play" in Iran's energy and electricity sectors.

There is little doubt the pressure on supplies from Iran will have a supportive impact on prices, but United States producers are expected to increase output and Opec has the spare capacity to fill in any gaps in the mid-term, so this factor is likely to have a limited effect. The grouping includes Kazakhstan, Belarus, Armenia and Kyrgyzstan.

Iran's nuclear chief Ali Akbar Salehi was quoted by Fars news agency as saying he was not optimistic on the prospects of the talks with the Europeans.

"This deal is not a bilateral treaty".

Before visiting Moscow, Zarif went to China on Sunday for talks with Chinese State Councilor and Foreign Minister Wang Yi. This source had also said the impact of USA sanctions on Iranian supplies needed to be assessed first and Saudi Arabia did not expect any physical impact on the market until the third or fourth quarters.

More news: Villanova Wildcats hosting Michigan Wolverines in 2018 Gavitt Games is exciting

White House national security adviser John Bolton said on Sunday U.S. sanctions on European companies that maintain business dealings with Iran were "possible" although Pompeo has remained hopeful Washington and its allies could strike a new nuclear deal with Tehran.

Planemakers Airbus and Boeing, oil companies and auto manufacturers like France's Renault and Peugeot could be among companies hardest hit.

Officials are considering whether a drop in Iranian exports and a decline in supply from another OPEC member, Venezuela, demands adjusting the deal that runs to the end of 2018.

However, Le Maire acknowledged he has "no illusions" that he'll get what he asked for. "The less competition from the U.S. and the European Union, the better", said Charlie Robertson, an analyst at Renaissance Capital.

Among things the European Union could consider, he said, are reinforcing a 1996 "blocking statute" that could allow companies to ignore sanctions. "If banks stop us, we might stop".

Germany said it would spend the next few months trying to persuade Washington to change its mind. In July, Bolton told the Iranian fringe dissident group Mujahedeen Khalq that "the declared policy of the United States should be the overthrow of the mullahs' regime in Tehran".

More news: 2 dead, thousands without power as storm lashes US

Like this: