Saturday, 15 December, 2018

United States offers to work with Europe on new Iran deal

Did Iran bribe European diplomats to get the nuclear deal Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live
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So far, China, France, Russia, the UK, EU and Iran remain in the accord, which placed controls on Iran's nuclear programme and led to a relaxation of American economic sanctions against Iran and companies doing business there.

The danger that military tensions in the Middle East will mount after the U.S. decision to withdraw from the Iran nuclear deal is growing, Russian Deputy Foreign Minister Sergei Ryabkov told the Moscow-based think tank Valdai International Discussion Club Tuesday. Trump also announced Washington's plans to renew its sanctions against Tehran. Geopolitical tensions would likely ratchet up to record levels, putting sharp upward pressure on oil prices and breaking the catch 22 of USA rising supplies versus Opec plus Russian Federation supply cuts.

However, Le Maire acknowledged he has "no illusions" that he'll get what he asked for. The answer is no. "The United States, and all of its GREAT people, should be very proud of what is now taking place in Korea!" he wrote.

"If the government of New Zealand obeys any sanction against Iran, it is not sanction against Iran it is a sanction against the New Zealand companies", Mr Mianji said.

White House national security adviser John Bolton said U.S. sanctions on European companies that maintain business dealings with Iran were "possible", while Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran. Scholz had also asked for concrete measures to help German companies, Handelsblatt newspaper reported.

Bolton also highlighted the U.S.'s ability to resume sanctions against Iran now that they've pulled out of the nuclear deal - and suggested sanctions could be coming against the U.S.'s allies as well. Heightened geopolitical fears in the Middle East often raise prices.

Iran has pledged to restart its program to enrich uranium if the deal collapses.

Moscow considers it possible to preserve the Iran nuclear deal with sufficient political will of its participants and despite the US' withdrawal.

Secretary of State John Kerry and Iranian Foreign Minister Zarif celebrate Iran nuke deal with a handshake U.S. State Department screen capture
Secretary of State John Kerry and Iranian Foreign Minister Zarif celebrate Iran nuke deal with a handshake U.S. State Department screen capture

As we can see, European officials are trying to make public opinion ready for accepting new limitations on the nuclear deal.

Iran's President Hassan Rouhani immediately announced that they would stick with the deal for now, if most of the rest of Europe, China, Russia and the world supports it.

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.

"The Secretary underlined that the United States and our European allies share strong interests in preventing Iran from ever developing a nuclear weapon and in countering the Iranian regime's destabilizing activities in the region", spokeswoman Heather Nauert said in a statement. He called for the creation of a body to monitor the implementation of European Union sanctions rules.

Europe's options, however, are limited. Trump's strength was that he did not need unity, Beyer added.

The Washington Post also relied on data from the institute in looking into the President's claim and likewise reported an increase in Iranian military expenditures of "nearly 30 percent" from 2015 to previous year. Imports totalled $6.8 million, with dates contributing over half. Around 120 German firms have operations with their own staff in Iran, including Siemens, and some 10,000 German companies trade with Iran. European leaders have begun talking about implementing such measures, but the reality is that they can not completely insulate companies from U.S. penalties.

Altmaier said Germany wanted to avoid "a spiral of escalation" in transatlantic trade relations.

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