Europe seeking quick solution to save Iran nuclear deal -Mogherini

17 May, 2018, 01:21 | Author: Martin Tyler
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Mohammad Javad Zarif is meeting with his counterparts from the UK, France and Germany as he rallies support for the 2015 nuclear deal in the wake of the pull-out by the Trump administration.

President Donald Trump repeated a misleading claim about Iran's military budget Saturday, saying it had increased by more than 40 percent since the negotiation of the Iran nuclear deal.

Last month, 26 former top-ranking Israeli military and security officials signed a letter urging the United States to maintain the agreement, stating unequivocally that the deal is working and that a US decision to pull out would undermine not just USA security, but Israel's security as well.

The EU, which with Germany, France, Britain, Russia, China and the United States signed the nuclear accord, does have some steps it can take to shield European business in Iran.

European participants in the nuclear deal with Iran should provide within 60 days guarantees on the preservation of the agreement.

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In their many conversations with Trump about Iran this year, the Europeans asked him to avoid damaging their own investments there, even if he decided that the United States was out of the deal, the Post reported.

French Foreign Minister Jean-Yves Le Drian said on Tuesday the Middle East was explosive and could be on the cusp of war.

"The Europeans have repeated on several occasions that they will not be able to resist United States sanctions".

Trump wants global inspectors to have greater and faster access to potential nuclear sites in Iran, including those suspected to be housed in its military facilities; an end to its ballistic missile work, which it says is inextricably tied to the delivery of nuclear warheads; a permanent extension of limits on Iran's enrichment of fissile material, which now sunsets within a decade; and a comprehensive policy addressing Tehran's military posture across the Middle East.

"At this moment, our trading activity is business as usual", said Marta Llorente, a spokeswoman for Spanish oil company Cepsa, one of Iran's customers in Europe.

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The US will re-impose the nuclear-related sanctions on Iran's economy and oil exports, which were waived under the JCPOA.

"It is vital that we continue to engage with the U.S. and continue to interrogate our friends in Washington about how they see the nuclear deal developing. He's talked about it with Prime Minister May, not just Iran's nuclear threat now, the threat in the future, the ballistic missile programs, and the instability that Iran is causing around the region", Bolton said.

Russian Federation and Iran sought to strengthen their business ties long before the 2015 agreement, despite worldwide sanctions in place.

The Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), was hard-earned and the deal helped to safeguard the worldwide system of non-proliferation and maintain the peace and stability in the Middle East, Wang said.

Trump's interpretation of USA strategic interests has also led to withdrawal from major worldwide climate and trade accords, the paper said, noting that many have expressed concern about the lack of a visible plan.

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