World prepares for U.S. sanctions on Iran

Wednesday, 16 May, 2018

Iran's foreign minister on Tuesday hailed talks with the European Union to try to find a way to rescue the Iran nuclear deal after the USA pulled out as a "good start".

France, Britain and Germany had all said they will work with Iran to try to salvage the agreement.

President Donald Trump's decision to withdraw from the 2015 nuclear deal risks exposing European countries that have since invested in Iran to renewed USA sanctions after "wind-down" periods of three to six months expire. Iranian Foreign Minister Javad Zarif sets off on Saturday for talks in China, Russia and Europe to see what can be salvaged.

Maas said the Europeans wanted to ensure that Iran would continue to abide by the rules and restrictions of the nuclear agreement.

The US says firms have six months to halt business and can not enter into new contracts or they will face sanctions.

Britain has informed the United States that they remain firmly committed along with their European partners to maintain the Iran Nuclear Deal.

Israeli airstrikes struck Iranian military installations inside Syria on Thursday - its biggest coordinated assault on Syria since the 1973 Mideast war - in retaliation for an Iranian rocket barrage on Israeli positions in the occupied Golan Heights.

In the past week, it has slapped a new series of sanctions against Iran. Other officials called for putting "more teeth into talks with Washington", and asked, "Can't we defend what our own interests are?"

Bolton also repeated the administration's objection to the sunset provisions in the Iran deal, which President Donald Trump had called "totally unacceptable", reported CNN. We all share the common objective of making sure that Iran never gets nuclear weapons, are anxious about their terribly destabilising and threatening military behaviour across the region and their ballistic missile program.

Iranian supreme leader Ayatollah Ali Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal.

After the United States pullout from the accord, Iran had said that they will respect the deal with other signatories. "We will have to discuss that with Iran".

"They agreed on the need for calm on all sides and on the importance of tackling Iran's destabilising activity in the region", the spokesman said. Putin has long advocated for a new financial system with China that would circumvent the reach of US sanctions, which also target his country. Quite the contrary, it provided cover for Iran to continue its efforts.

"We could have pushed the Europeans a lot harder, to work with us", Gates said on "Face the Nation".

The Foreign Office on Wednesday voiced concern over the United States' (US) withdrawal from an worldwide nuclear deal with Iran. President of Iran Hassan Rouhani said Tehran will not refuse from JCPOA and will observe its commitments.

Le Maire proposed creating a European body that would have the same kind of powers that the U.S. Justice Department has to punish foreign companies for their trade practices.

Ultimately, it is up to Iran to decide whether to accept the agreement with limited benefits or imitate USA and depart.