Thursday, 16 August, 2018

Responses to US withdrawal from Iran nuclear deal

Donald Trump Emmanuel Macron Angela Merkel Bank of America: World oil price could hit $100 a barrel next year
Jay Anderson | 13 May, 2018, 00:44

"That'll have a significant ripple effect on Iran's economy".

"At this moment, our trading activity is business as usual".

The 2014 worldwide agreement, known as the Joint Comprehensive Plan of Action (JCPOA), is with Iran, the five permanent members of the U.N. Security Council and the European Union. The US said companies have six months to suspend their businesses with Iran. The agreement was working to cut off all pathways to an Iranian nuclear weapon.

"It is not yet clear which concrete sanctions the US will impose".

"You heard last night that the president of America made some silly and superficial comments, " Khamenei said, according to Reuters.

Following Trump's JCPOA exit, US Treasury Secretary Steven Mnuchin said that licenses for Boeing and Airbus to sell planes to Iran will be revoked.

France, Britain and Germany are among those saddled with a balancing act as they weigh their ties with the United States with their business ties against Iran.

Rouhani, who staked his reputation on the benefits of the deal, told the world that as far as Iran is concerned, the deal is not dead and he would continue to work with the other five countries still committed to saving it.




Ms Merkel's office said she spoke to Mr Putin by phone on Friday, a week before the German leader travels to Sochi to meet the Russian president.

The crude oil prices went down during the last days of the week, although the commodity remains close to its peak reached in the previous session, after the likelihood of USA sanctions against one of the major OPEC producers Iran may further tighten the market.

"A lot of Iranians, clerical or not clerical, are united on one issue: they believe Iranians have a right to have a nuclear programme", a senior diplomat in Washington who is familiar with Iran told The Straits Times.

Le Drian said France, like others, was well aware that there were concerns about issues beyond Iran's nuclear capability, namely its ballistic weapons program, but said they could be addressed without ditching the nuclear deal.

The European Union has already called for a crisis meeting with Iran that is scheduled to take place in London on Monday in which the other countries in the JCPOA are likely to reassure Tehran that the nuclear deal is salvageable.

For now, this splits the USA and its major European allies and exacerbates tensions with China and Russian Federation, who also joined the 2015 Iran deal.

"The EU at least stands a chance of preserving the nuclear deal and preventing another Middle East war", he said.

But Trump and his deputies repeatedly insisted that the inspections authorized in the agreement were not tough enough. The United States has become the most unreliable Western country, without a meaningful foreign policy and without a strategy regarding peace and security.

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