France condemns USA move to re-impose Iran sanctions

Saudi Foreign Minister Adel al-Jubeir seen here at an Arab League meeting in Cairo in November 2017 said Iran would

Indeed, though Rouhani said his country would remain in the deal with the remaining signatories-the U.K., France, Germany, Russia, China and the European Union-he has ordered the country's atomic energy agency to prepare to resume industrial uranium enrichment "without restriction".

But Secretary of State Mike Pompeo said Washington was keen to thrash out a more wide-ranging deal with its European partners.

"But the impact will escalate as we approach November (i.e. the end of 180-day wind down period)".

President Trump further called the Iran nuclear deal as "defective", adding that Washington would reinstate sanctions against the Islamic republic. The impact will be on those remaining in the Iran nuclear deal, especially the nations which, under UN rules, are allowed to buy Iranian crude oil but could be stymied by sanctions via the United States banking system.

Trump weighed in later Sunday, saying his decision would limit Iran's regional ambitions.

Trump has consistently been a harsh opponent of the Iran deal, calling it "the worst" and "defective at its core".

With Pompeo seemingly assuming the "good cop" role on behalf of the Trump administration, it was left to newly appointed United States national security advisor John Bolton to remind Europe its firms could be punished if they didn't adhere to American measures.

German industrial equipment manufacturer Siemens, which has multi-billion euro (dollar) contracts with Iran for rail, power plant and other projects, said it is assessing the possible impact but expects it to be "immaterial" overall.

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"I think the Europeans will see that it's in their interest ultimately to come along with us", Bolton said when pressed on whether there could be American economic sanctions on European firms. Even the loss of the big airplane orders should be manageable: Boeing got 912 net orders in 2017, compared with the 110 promised to Iran.

On Tuesday, Trump said that he withdrew from the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which agreed to lift crippling economic sanctions on Iran in return for its agreement to limit its sensitive nuclear activities and allow global inspectors access to its facilities.

However, Saudi Arabia - the de-facto head of OPEC - signaled this week it could up its own production to make up for lost barrels from Iran.

Mr. Kono highlighted that what matters the most is maintaining the implementation of the nuclear agreement by Iran and other sides, regardless of U.S. compliance or withdrawl. S.to simply withdraw from this deal, it also means that other countries can withdraw as well, " he said.

Zarif will later fly to Moscow and Brussels.

Additionally, OFAC is revoking its favorable licensing policy applicable to USA persons for civil aircraft and parts, and US imports of Iranian carpets and foodstuff once again will be restricted.

The US president has until May 12, to decide whether to stick with the deal. "And we certainly are trying to support that", he said. Effective November 5, 2018, General License H - which authorized non-U.S. entities owned or controlled by USA persons to engage in certain activities with Iran - will be terminated, after which point such activities will be prohibited.

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