Trump misjudged Iran, thought it would exit nuke deal: Rouhani

Iran, Gaza, Trump's steel and aluminium tariffs on the menu at EU leaders' dinner in Sofia

Both the European Union and Iran have vowed to keep implementing the deal, despite the threat of US sanctions after Trump's decision to withdraw.

Trump's decision means that USA sanctions, held in check by a presidential veto until now, could soon hit Iran and European companies doing business there.

"We have to accept, be realistic about the electrified rail, the live wire of American extraterritoriality and how that can serve as a deterrent to businesses", Johnson said.

"If we want to stay in this agreement and ensure that Iran stays in this agreement and abides to the terms of the agreement, then we need to talk about this", he said.

Mogherini and European Commission chief Jean-Claude Juncker will outline to the leaders what measures the bloc could take to shield its now substantial economic interests in Iran, Tusk added.

Iran's foreign minister said Wednesday that meetings with European Union leaders on salvaging the nuclear deal sent a strong political message but must now be turned into action. "We did discuss the possibility of applying our blocking statute".

British Foreign Secretary Boris Johnson was not optimistic about the chances of avoiding USA sanctions on Iran that could be used to penalize European companies that continue to do business with Tehran.

The French firm signed a deal with Tehran in July 2017 to develop phase 11 of Iran's South Pars field, marking the first major Western energy investment in the long isolated country since the lifting of sanctions.

In addition, according to Mogherini, the European countries along with Iran has already begun "intensive expert discussions" in the coming weeks to work out a solution on how to develop cooperation with Tehran in the background of the United States. Besides withdrawing from the deal, Trump made a decision to reinstate the previously lifted sanctions on Iran.

Because thanks to him we have got rid of all illusions.

However the top advisor to Iran's Supreme Leader Ali Khamenei said he doubted Tehran's talks with European nations to save the deal would be successful.

"They finally reaffirmed their resolve to continue to implement the nuclear deal in all its parts, in good faith, and in a constructive atmosphere, and agreed to continue to consult intensively at all levels and also with other parties to the JCPOA", the website quoted a ministry press release as saying.

This story has not been edited by Firstpost staff and is generated by auto-feed.

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