ibusinesslines.com
ibusinesslines.com October 23, 2018


Rhetoric over U.S. exit from Iran deal rises amid threat of sanctions

16 May 2018, 07:16 | Kelvin Horton

Rhetoric over U.S. exit from Iran deal rises amid threat of sanctions

Crude oil surged 7% so far in 2018 and hit a three-year high of $64.81 a barrel on Monday reflecting confidence that an epic supply glut may finally be over because of production cuts by OPEC and Russia

Iran's foreign minister said Sunday he was hopeful of forging a "clear future design" for the nuclear deal facing collapse after Washington's withdrawal, at the start of a diplomatic tour aimed at rescuing the agreement. Germany and France have significant trade links with Iran and remain committed to the nuclear agreement, as does Britain, and all three countries' foreign ministers plan to meet on Tuesday to discuss it.

During his CNN interview, Bolton also said that "it's possible" sanctions could be placed on European companies that continue to do business with Iran after the us pullout from the 2015 nuclear deal.

"This was part of the flaw of the deal to entice Europe and the United States into economic relations with Iran that eventually would have worked against really holding Iran accountable for violations of the deal". Zarif and Lavrov also conferred on ways to deal with the legal, economic and political aspects of the USA pull-out of the JCPOA.

Ushakov said Putin will discuss the United States withdrawal from the Iranian deal with German Chancellor Angela Merkel and French President Emmanuel Macron, who are set to visit Russian Federation later this month.

Zarif will later fly to Moscow and Brussels to consult the remaining signatories to the 2015 agreement denounced by US President Donald Trump.

In a phone call dominated by Iran, the Prime Minister and President agreed to hold talks between the United Kingdom and USA governments on the effect ofsanctions on British companies.

Iran's Quds Force, which is fighting in Syria alongside the government, targeted Israeli Defense Force positions with 20 rockets, according to a Twitter post by IDF spokesman Jonathan Conricus.


"Guarantees of benefits of the JCPOA should be given to Iran".

"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added. The statement continued that the nuclear deal critics have not addressed what they would want in its place.

"The president of the Atomic Energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions using the results of the latest research and development of Iran's fearless nuclear scientists", Zarif posted on his official Twitter page.

"China will take an objective, fair and responsible attitude, keep communication and cooperation with all parties concerned, and continue to work to maintain the deal", Wang said, adding the agreement was "hard-earned". "I would like to point out that Russian Federation and other participants in the deal - China and the European countries - also have their legitimate interests enshrined in this agreement", he added. The administration put out a statement outlining the benefits of the deal, such as breaking the united front against Iran that took place under President Barack Obama, the removal of worldwide sanctions and recognition of Iran's nuclear program. "He makes the decisions, and the advice I give him is between us".

"We are not going it alone", Bolton replied.

"At this point, we have to replace the United States, which as an global actor has lost vigour, and because of it, in the long term, influence", he said. Now, Iran will likely up the pressure on those US troops and on USA soldiers in Iraq.

"We do not see ourselves as a mediator between Iran and the U.S.", he said.



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