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US Open to Negotiating with Europe on Iran

17 May 2018

Iran's foreign minister embarks on a tour of world powers on Saturday, state media reported, in what is seen as a last-ditch effort to save Tehran's nuclear deal after Washington's withdrawal from the accord. Iran says its nuclear program is for peaceful purposes only.

The files - declared "authentic" by the U.S. government - document Iran's extensive work on nuclear weapons, including planned site tests, miniaturization of warheads and ballistic missile delivery vehicles.

He added that we would not speculate on steps that might lead to a military strike. As President of the Republic, we are ready for all options.

"The advantages from the Iranians' point of view is that they should have some benefits from economic participation and economic engagement with us in the west".

WTI Crude Oil chart USD 2018 Iran Syria Israel Trump nuclear deal

The Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), was hard-earned and the deal helped to safeguard the global system of non-proliferation and maintain the peace and stability in the Middle East, Wang said. He said that he would work to protect European businesses from being hit by USA measures if they continue to trade with Iran.

We should declare that we are committed to the sanctions that are going to be imposed on the European companies cooperating with Iran, so that there will be a choice between favoring us or Iran.

The US, he said, is not going it alone on Iran.

Foreign ministers from Britain, France and Germany - signatories of the 2015 deal to stop Iran developing nuclear weapons - held talks with Iranian Foreign Minister Mohammad Javad Zarif, amid concerns that the sanctions will also damage European business interests.

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White House national security adviser John Bolton said Sunday that "it's possible" there will be secondary sanctions imposed on European companies as a result of the USA withdrawal from the Iran nuclear deal.

The 2015 deal offered Tehran sanctions relief in exchange for curbing its nuclear program.

Although most analysts believe the U.S. withdrawal has effectively scuppered the agreement, Iran's foreign minister talked up the prospects of its survival on Sunday while visiting China, another of the signatories.

It was bad enough when we pulled out of the Trans-Pacific Partnership and the Paris Climate Accord, giving China and Russian Federation more influence in Asia, but we have put our own trusted allies, France, England and Germany in a very risky situation.

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He said that "Iran could change its mind, as the United States has changed its mind, but then it would be in breach of the agreement". "Third, higher oil prices will encourage more non-OPEC production, especially from the United States where shale producers tend to be very responsive to prices", Capital Economics said.

Mr le Drian described the preservation of the JCPOA as "the only way to fight against the risk of proliferation". How the United States can counter that is a puzzle, because Obama gave away much of the leverage we once had.

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US Open to Negotiating with Europe on Iran