Trudeau regrets Trump decision to pull out of Iran nuclear agreement

13 May, 2018, 01:06 | Author: Irvin Gilbert
  • Brent crude hits $78 as oil prices remain at multi-year highs on looming US sanctions against Iran

Mr Trump said this week that the 2015 nuclear deal which allowed for the lifting of sanctions was not tough enough on Iran.

Ayatollah Ahmad Khatami, a member of Iran's clerical elite, was not in a conciliatory mood at a protest in Tehran, accusing the United States of treachery. Bruno le Maire asked in an emotional interview with Europe 1.

He said he told U.S. Treasury Secretary Steven Mnuchin that if he doesn't exempt the French companies, he should consider a so-called grandfather clause for deals struck in Iran since 2015 or an extension of the 90-day period the Treasury Department has set to wind down operations in Iran.

Iran's Supreme Leader Ali Khamenei has already said that Israel won't exist in 25 years if it continues to destabilize the region.

But the loss of US export permits and confirmation that Iran has not paid a deposit, as previously reported by Reuters, could force Airbus to tell investors the deal cannot go through. "But it is not a reason to call into question the entire transatlantic partnership", she said during an appearance Friday in the western German city of Muenster.

In addition, the parties "condemning Iranian missile attacks against Israeli forces and strongly supported Israel's right to defend itself against Iranian aggression".

"Waivers seem a sensible course of action", the third source said, referring to potential exemptions from the latest USA sanctions.

France's Foreign Ministry, in addition, vowed that Europe would fight new USA anti-Iranian sanctions.

Mogherini is scheduled to meet with representatives from Germany, France, and the United Kingdom in Brussels on Tuesday to discuss how to move forward with the nuclear deal without cooperation from the United States. And European Union foreign policy chief Federica Mogherini insisted that it's not up to the U.S.to determine the deal's future anyway.

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On May 8, President Donald Trump violated the terms of the JCPOA by withdrawing from the accord despite the fact that Iran remained in compliance as verified by the IAEA in 11 inspection reports.

As a result of the new USA sanctions, companies worldwide must stop doing business with Iran or risk US fines or other punishment.

"We also introduce a 2Q $90/bbl Brent price target for 2019 and see a risk of $100/bbl oil next year, although we are concerned that these market dynamics could unfold over a shorter timeframe", Blanch wrote in the note.

Planemakers Airbus and Boeing, oil companies and auto manufacturers like France's Renault and Peugeot could be among companies hardest hit.

Meanwhile, Saudi Arabia has signaled it is ready...

There was no direct evidence in Netanyahu's presentation that Iran violated the deal after signing it.

"I urge the United States to avoid taking any action which would hinder other parties from continuing to make the agreement work in the interests of our collective national security".

"What if the Iranians say nothing about restarting enrichment but simply bar IAEA [International Atomic Energy Authority] inspectors from their country?"

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