Europe moves to safeguard interests in Iran after US pullout

Iranians burn a US flag during a protest against President Donald Trump's decision to walk out of a 2015 nuclear deal in Tehran Iran May 11

Third, in removing the crippling sanctions previously on Iran, the JCPOA helped fuel the regime's increasing support for terrorism, efforts to destabilise its neighbours and involvement in bloody proxy wars.

Indo-Iran ties have been on a upswing after Tehran sealed the nuclear deal with the worldwide community in 2015. "This objective-and China's base in Djibouti and its role in developing the Pakistani port of Gwadar- has shaped India's desire to invest in upgrading the Iranian port of Chabahar", says Brookings. Europeans fear a collapse of the deal could intensify conflicts in the Middle East. That doesn't mean that Iran will start working on nuclear weapons right away, however, because it can't. It has weaknesses, certainly, but I am convinced they can be remedied.

Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that US allies would push to maintain a deal with Iran, which could keep that country's crude exports on global markets. Neither has yet proven to be a strength of the Trump administration, but this is the road he has chosen.

U.S. President Donald Trump meets with British Prime Minister Theresa May during the U.N. General Assembly in NY, U.S., September 20, 2017.

She too had stern words for Trump today.

"I think at the moment there's some feeling in Europe - they're really surprised we got out of it, really surprised at the reimposition of strict sanctions". More importantly, the latitude the United States and the others had with Iran could disappear leaving the world that much more a unsafe place than before.

Rainer Seele, chief executive of Austrian oil and gas company OMV, told German daily Handelsblatt that he expects prices to rise as the United States moves to reimpose sanctions. This is a formula that is already followed by Europe.

All of the U.S.'s negotiating partners - the UK, France, Germany, Russia, China and the European Union - agree that maintaining the accord is the best way to reign in Iran's nuclear program. In 2015, however, the European troika and the White House Democrats concluded that Iran's missile power could become the second priority of Iran's negotiations with the members of the P5+1, and then in the near future the issue of limiting our country's missile power could be discussed.

France's economy minister Bruno Le Maire urged European nations Friday to defend themselves against U.S. sanctions targeting foreign companies that trade with Iran, as the rift between Washington and its allies deepens.

The French, German and British authorities has repeatedly expressed their concerns about the missile power of our country.

Amidst all the noise, we must keep our eyes on what's important and focus on a broader strategy which addresses Iran's illicit nuclear and non-nuclear activities hand-in-hand with our European, Israeli and Arab allies. Maybe he and Trump will emerge with a pact to reach a more substantive agreement at a later date.

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 U.S. withdrawal from the Iran nuclear deal. It is part of his obsession with expunging every single achievement of the Obama Administration: Healthcare, the opening to Cuba, the Trans-Pacific Partnership trade deal, the Paris climate treaty and now the Iran nuclear deal. The result has been an absence of a centralized authority and inability to make peace.

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