Iran and Europe try to save nuclear deal

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

Europe to seek exemptions from new US sanctions on Iran

Russian acting Foreign Minister Sergei Lavrov said that the USA is exerting significant pressure on remaining parties to Iranian nuclear deal.

White House National Security adviser John Bolton on Sunday said USA sanctions on European companies that do business with Iran were "possible, but Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran".

On May 9, United States President Donald Trump withdrew from the deal while calling it unfair and warned of severe consequences if Iran resumes its nuclear programme.

"We stressed the commitment we all share to ensure that this will continue to be delivered and we agreed to this end to deepen our dialogue at all levels". "When I make promises, I keep them".

European political leaders are scrambling to save the deal with Iran in a bid to keep the country's nuclear ambitions in check.

Trump's withdrawal from the deal has imperiled not only the accord, but the threat of sanctions could trickle down to European companies doing business with Iran.

Unknown source ramps up ozone-destroying CFC production
He calls it "rogue production", adding that if it continues "the recovery of the ozone layer would be threatened". But if the problem is allowed to persist, it could jeopardize ozone layer recovery and worsen climate change.

The United States' decision has drawn criticism from European countries that were also part of the agreement, which was negotiated by then-Secretary of State John Kerry. So far China, France, Russia, Britain, Germany and Iran remain in the deal; Morgherini claims she has received assurances from the Iranian government that it intends to uphold the deal. Instead, Washington today finds itself in a high-risk, high-reward game of sanctions enforcement-not against its chief Middle Eastern adversary, but rather, against its major global partner. He followed through with a reimposition of sanctions on foreign companies that continue to do business with Iran, giving them either a 90-day or 180-day grace period to terminate their existing contracts, otherwise to face punitive measures by the United States government.

The two other parties to the Iran deal are Russian Federation and China which, like France, Britain, and the USA, are permanent members of the United Nations Security Council. The commission is expected to unveil them to European Union leaders at a summit in Sofia, Bulgaria, on Wednesday.

Before arriving in Brussels, Johnson told Britain's parliament that regime change in Iran was not a policy Britain should pursue.

At the same time, the European diplomats wanted to show they weren't gullible and wouldn't drop other divisive issues with Tehran, including its role in the Syria conflict.

According to reports, including AP's, Europe was ready to play ball with Trump on increasing pressure on Iran to curb its missile program and to loosen restrictions on inspections of nuclear facilities. If it falls apart, he could become politically vulnerable for promoting the accord.

The U.S. Treasury announced on Tuesday more sanctions on officials of the Iranian central bank, including Governor Valiollah Seif, for allegedly moving millions of dollars on behalf of the country's Revolutionary Guards Corps to Lebanon's Shi'ite Hezbollah group. Still, surely by now the Europeans understand that Trump doesn't respond to "negotiations" or "complaints". "Those are the kinds of things that if we get what it is the president has demanded, the complete, verifiable, irreversible denuclearization of North Korea that the American people will offer in spades".

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