European Officials Look to Blunt Impact of Renewed US Sanctions on Iran


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

Iran's Foreign Minister Javad Zarif described his government's reaction to President Trump's decision on Tuesday to re-impose USA sanctions on foreign companies that do business with Iran, in a statement posted to Twitter on Friday.

While Trump's withdrawal from the Iran nuclear deal might be meant to show Kim Jong Un that the United States president follows through with his threats, it may also reinforce fears that Washington's negotiations can not be taken seriously - and that Pyongyang still needs its nuclear deterrent to ensure its survival.

That is part of a flurry of diplomatic activity following Tuesday's unilateral withdrawal from what US President Donald Trump called "a frightful, one-sided deal", a move accompanied by the threat of penalties against any foreign firms doing business in Iran.

China was one of the six powers - with the United States, Russia, France, the UK and Germany - that signed the historic pact, which saw sanctions lifted in return for the commitment by Tehran not to acquire nuclear weapons. Germany, France and the United Kingdom all implored the president to remain in the deal.

European Union foreign policy chief Federica Mogherini said pulling out of the Iran nuclear deal was not a decision that could be taken exclusively by the U.S.

Washington has given European firms doing business in Iran up to six months to wind up investments or risk USA sanctions and they are also forbidden from signing any new contracts with Iran.

Having returned from North Korea on Thursday, Secretary of State Mike Pompeo will begin talks in coming days to persuade allies in Europe, the Middle East and Asia to press Iran to return to negotiations over its nuclear and missile programs, USA officials said.

The negotiations ended in 2015, when the United States entered into the Joint Comprehensive Plan of Action (JCPOA), an agreement widely known as the Iran Deal.

Smriti Irani loses Information and Broadcasting ministry, Piyush Goyal given finance ministry
In his short span as sports minister , Rathore's work has been widely appreciated within and outside the government. There was a slew of changes made by the Modi government on the eve of Karnataka Assembly Elections Results 2018.

A senior cleric and the head of Iran's revolutionary guard have warned against trusting foreign countries.

"At the end of May I will meet with the British and German finance ministers and the three of us will look at what we can do", he said. The Obama administration trusted Iran to make an agreement in good faith, but that trust was misplaced, and the agreement has turned out to be a sham. Putin has long advocated for a new financial system with China that would circumvent the reach of USA sanctions, which also target his country.

Trump has frequently voiced his opposition to the "insane" deal, which he has described as the "worst ever".

They expect West Texas Intermediate, the most commonly cited U.S. contract, to trade $6 below the price of Brent in 2019.

Trump has ceded global leadership to Europe and others.

India is also the biggest oil customer of Iran after China.

It will particularly Iran's Hardliners who were against entering any sort of agreement with the US.

The US West Texas Intermediate crude futures went down 7 cents at $71.29 per barrel, which is still an arm's reach from Thursday's November 2014 high of $71.89 per barrel.

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