Europe Moves to Save Its Interests in Iran after US Withdrawal

Image John Taggart via Creative Commons

European countries and companies that continue to do business with Iran could face USA sanctions, National Security Adviser John Bolton said Sunday.

The minister's outburst seemed to conflict with rhetoric he spouted on the same day, to the effect that "Trump's decision [to pull out of the Iran nuclear deal] will not have any impact on our oil export. that era is history now"; Zanganeh added that his industry would survive even if foreigners decided not to do business with the Islamic republic for fear of us penalties.

President Donald Trump made the correct decision Tuesday in withdrawing USA participation from the Iran nuclear deal. Germany, France and the United Kingdom all implored the president to remain in the deal.

President Donald Trump announced last week the USA was withdrawing from the 2015 Iran deal.

German Economy Minister Peter Altmaier said Friday Berlin was ready help its firms continue doing business in Iran in the face of looming USA sanctions.

Zarif will later fly to Moscow and Brussels to consult the remaining signatories to the 2015 agreement denounced by US President Donald Trump.

Re "Trump sending the world wrong message" (May 10): Regarding Linda Duryea's letter on Donald Trump withdrawing the US from Iran deal, one might consider it was Barack Obama who made the world less safe with his search for legacy.

If I were the head of any other country, say for example, North Korea, I would now be filing the U.S. in my Rolodex with a note, "Promise them anything but don't trust them, keep your guns loaded and watch your back".

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'Britain committed to Iran nuclear deal'
The decision overturned years of painstaking diplomacy and left European allies scrambling to save the hard-fought deal. As a private citizen, Bolton in the past has suggested that the United States push for a change in Iran's government.

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Oil prices dipped on Friday, easing from multi-year highs in the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports from US sanctions. "But as it is now, at least for the time being, we're the country that's isolated".

"He wanted to have an agreement, but he wanted to continue to undermine Iran and I think that's just a general pattern when it comes to Iran and the United States".

Iran deal withdrawal a bad sign for the U.S.

Trump has ceded global leadership to Europe and others.

Trump's decision gives Iranian oil customers 180 days to find other reserves and could eventually limit about 1 million barrels of oil from a market with little spare capacity to work with.

"The goal is to prevent Iran from ever developing or acquiring a nuclear weapon and the detail beyond that is something we are going to have to flesh out", the official added. Trump may also have been emboldened to act more punitively against Iran because it lacks North Korea's powerful intermediaries. According to USA Today, the increase we are now experiencing has already eaten into the money some families were hoping to save after the president's tax plan went into effect.

"The US sees the current world order as a place something where Washington is a guarantor of trade, financial and military organizations".

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