Published: Mon, May 14, 2018
Finance | By Loren Pratt

Iran Nuclear Deal: US Reimposing Sanctions Threatens War In Middle East

Iran Nuclear Deal: US Reimposing Sanctions Threatens War In Middle East

When pressed by CNN on whether the administration would sanction European firms that continue to do business with Iran, Bolton said, "I think the Europeans will see that it's in their interest ultimately to come along with us".

"The US withdrawal from the deal could benefit Russia", Moscow-based geopolitical expert Alexey Malashenko told AFP.

In the lead up to the announcement, Foreign Secretary Boris Johnson appeared on Fox News, Mr Trump's favourite station, to make the case for sticking with the landmark agreement, signed during the administration of predecessor Barack Obama. No countries - outside the literal handful of Saudi Arabia, Israel, the UAE, and Bahrain - have supported the U.S. withdrawal from the JCPOA.

"Washington no longer wants to cooperate with the rest of the world and we are at the stage where we have to replace the United States", Juncker said in a speech in Belgium earlier this week.

The European Union could have a lot to lose if forced to pull out of their economic dealings with Iran.

Before leaving, Zarif published a government statement on his Twitter page, slamming Trump's "extremist administration" for abandoning "an accord recognised as a victory of diplomacy by the worldwide community". No regime loyalists would dare say it, especially to an American reporter, but Iranians are furious with their own government's failure to deliver basics like electricity, water and decent wages. In July, Bolton told the Iranian fringe dissident group Mujahedeen Khalq that "the declared policy of the United States should be the overthrow of the mullahs' regime in Tehran".

The scope of the 2015 deal should have been directed to Iran's policies and not its nuclear programme.

A deepening transatlantic rift as "flattery" fails to sway Donald Trump has left Europeans in search of new answers, including closer dealings with Russian Federation that only recently would have been unpalatable, analysts say.

"We made the case for keeping the deal at every level".

US President Donald Trump is not often right, but on his decision to walk away from the nuclear deal with Iran, he could have been very right.

Le Maire said Paris would seek to strengthen Europe's ability to block sanctions and provide investment finance to companies.

On Thursday, US individuals and entities were barred from doing business with six Iranian individuals and three companies that Washington said had ties to the Revolutionary Guards.

A photo on the official Instagram site of supreme leader Ayatollah Ali Khamenei showed him reading a Farsi translation of Michael Wolff's blistering account of the Trump White House, "The Fire and the Fury", quickly picking up more than 100,000 likes.

The challenge for Rouhani is to maintain his diplomatic efforts in the face of mounting challenges at home, where Iranians were already suffering high unemployment and inflation before Trump's decision.

Israel's PM Benjamin Netanyahu is known to be a huge critic of Iran and supports Donald Trump in pulling out of the Iran deal.

"For the first time, Iran has the chance to show the world they are not the rogue nation they are always presented as, that they negotiated in good faith and keep to their commitments", said Karim Emile Bitar of the Institute for global and Strategic Studies in Paris.

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