Iran set for disappointment over nuclear deal talks

Jul 07, 2018, 04:02
Iran set for disappointment over nuclear deal talks

In May, U.S. President Donald Trump pulled out of the deal under which sanctions on Iran were lifted in return for curbs to its nuclear program. Washington has since told countries they must stop buying the OPEC producer's oil from November 4 or face financial consequences.

Speaking after the meeting between the remaining parties to the nuclear accord, Mogherini, who chairs the talks, read a statement saying all sides would continue to look at ways to salvage the deal, despite the reimposition of USA sanctions.

Rouhani told Merkel the US exit from the JCPOA has caused some problems in economic areas, banking transactions and oil sector for the foreign companies which have made investment in Iran, making them reluctant about continuing their operations in the country.

The EU, once Iran's biggest oil importer, has vowed to keep the 2015 nuclear deal alive without the United States by trying to keep oil and investment flowing.

Mogherini, who chairs the Vienna talks, read a statement while speaking at a news conference after the first ministerial meeting between the remaining parties to the JCPOA since the United States withdrawal.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt, and that Tehran still has access to the SWIFT worldwide bank payments messaging system or an alternative.

Trump also said he would reinstate sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic. "We expect a clear action plan from Europe with a timetable so it can compensate for the USA exit from the deal".

The bellicose interpretation was virtually universal among USA officials and media outlets, and echoed on Thursday when the Iranian Revolutionary Guards praised Rouhani's statement, and said shipping of oil through the Strait was for "all or none".

Speaking after three hours of talks, European Union foreign policy chief Federica Mogherini, who chaired the talks, read a statement from the six delegations repeating previously-announced broad priorities ranging from guaranteeing Iranian oil revenue to shipping ties, banking and all other trade and investment co-operation. In a phone conversation with German Chancellor Angela Merkel on Thursday, Iranian President Hassan Rouhani described as "disappointing" the package of European proposals to save the Joint Comprehensive Plan of Action on the Iranian nuclear issue.

The tour, which aimed to seek guarantees from European powers over the 2015 nuclear deal after the U.S. unilaterally pulled out in May, was overshadowed by news of the arrests.

They are trying to present this as a response to an Iranian "threat" to close the area.

Since Trump's announcement, Iran's rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

The rally on Saturday was attended by thousands of people and attracted several USA politicians, including former NY mayor Rudy Giuliani, who is now President Donald Trump's personal lawyer.

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