Europe Moves to Save Its Interests in Iran after US Withdrawal

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German Foreign Minister Heiko Maas said of EU-US relations: "We are prepared to talk... but also to fight for our positions where necessary". The deal allowed Iran to reconnect the machines and eventually build an industrial-scale enrichment program starting in 2025. "The U.S.is essentially, at least as of now, going it alone".

"There's a realisation among all European countries what we can not keep going from the way we all are headed today where we publish to Western decisions", Le Maire told reporters in Paris. Under worldwide law, and to most other countries, the agreement had the same force as a treaty would have.

The American withdrawal from the nuclear accord is considered a serious political blow to Hassan Rouhani, Iran's president, who had promised that the agreement would end the country's prolonged isolation and economic travails.

Iran had struck the JCPoA (Joint Comprehensive Plan of Action) deal with the USA, the UK, Russia, China, France and Germany after years of negotiations. I did not always agree with all of their decisions, but I always felt that they had my country's best interest at heart until now.

The obvious intent of the JCPOA was to stop Iran from acquiring nuclear weapons. However, proponents of the deal have said those time limits were meant to encourage more discussion with Iran in the future.

So, Iran could comply with the agreement for 10 years, reducing its nuclear program.

TRUMP, referring to allies: "We are unified in our understanding of the threat, and in our conviction that Iran must never acquire a nuclear weapon".

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"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 courageous nuclear scientists", the statement said. Sanctions impact the people, not the regime.

By withdrawing from the flawed deal signed by Obama and reimposing the sanctions that had been lifted, Trump has regained our leverage over the regime in Tehran.

Southern Syria was quiet but tense early today, with monitors saying that Syrian, Iranian and allied Lebanese forces from Hezbollah were still on high alert. These sanctions, directed at Iran's energy, petrochemical, and financial industries, will target industries critical to Iran's economy.

"China is the largest commodity producer in the world and the largest commodity consumer in the world, so it would make sense that Chinese futures that are close to the areas of supply and demand would be a more natural benchmark than the USA markets", said Marwan Younes, founder and chief investment officer of Massar Capital Management in NY. It should expire at the end of 2018, but Bank of America analysts said OPEC and Russian Federation would probably continue to work together to prevent price falls.

Under the deal, Iran permanently altered a heavy water nuclear power plant to prevent it from ever producing plutonium for a bomb.

Finally, this decision without a broader strategy or plan leads to serious problems for US foreign policy.

The telephone call covered other global issues with Mrs May congratulating the U.S. president on the safe return of three Americans who had been held in prison in North Korea.

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