Published: Thu, May 10, 2018
Sports | By Jonathan Ford

'Deal is not dead': European Union will not reimpose sanctions on Iran

'Deal is not dead': European Union will not reimpose sanctions on Iran

But hardliners, who have always been against the 2015 deal, stoked outrage against the U.S. Some staged a mass burning of U.S. flags in the center of Tehran.

"I believe that the decision to put the JCPOA at risk without any Iranian violation of the deal is a serious mistake", Obama said in a rare statement issued after Trump announced his decision to withdraw from the Iranian nuclear deal and signed an executive order imposing new sanctions on Tehran.

Parliament Speaker Ali Larijani said Iran's nuclear department should be ready to resume all of its activities.

The semi-official Fars news agency on Wednesday quoted Gen. Mohammad Ali Jafari as predicting that the European Union, which opposed the pullout, would eventually join the USA, meaning the "the fate of the deal is clear". As such, the demise of the deal is the best thing that happened to the deep state in Iran. Iran's entry or exit into the oil market was never a big deal immediately given that their extraction equipment is old and hasn't been modernised, with their crude more suited to countries with similarly old refineries like India.

Erdogan then warned of the global economic implications of the US' withdrawal from the deal, saying "The U.S. might gain some certain positives out of the withdrawal from this or the rising oil prices, but numerous countries in poverty will even be hit harder and deeper".

How do key powers see Mr Trump's decision?

Obama, whose administration led intense negotiations to strike the agreement, called Trump's action "misguided".

The firm's chief financial officer, Ralf Thomas, told reporters on Wednesday that the company, which has multi-billion euro (dollar) contracts with Iran for rail, power plant and other projects, was now assessing the possible impact.

"We do not want to let Iran use the USA financial markets and financial system and transact in dollars until they agree that not only will they not have a nuclear weapon now, but we've put in provisions that they will never have one", Mnuchin said.

Trump said the "decaying and rotten" agreement would not prevent Iran from building a nuclear bomb, and railed against the fact that it didn't address Iran's development of ballistic missiles or its support for US-designated terrorist groups in the Middle East.

"What we know is that the Israeli defense forces sent out a notice yesterday talking about concerning movements by Iranian forces, Iranian proxy forces inside Syria, ratcheting up the rhetoric about a potential conflict", said Murphy.

The American Israel Public Affairs Committee, like an array of other Jewish organizations, released a statement following Trump's announcement recognizing the tensions and seeking a path toward reconciling them.

Trump also reimposed sanctions on Iran.

This is why Trump's move is an enormous risk. The old deal was aimed at stopping Iran's nuclear weapons program for the next decade in exchange for lifting sanctions.

"With a national consensus, we will give the USA and Zionists a response that they will regret", Larijani said, according to the Mehr news agency.

And yet, France, Germany and Britain remain committed to the deal.

Could the United States conduct military strikes on Iranian nuclear facilities and try changing the Iranian regime altogether?

A number of U.S. army officers instructed CNN there are rising considerations Iran is on the cusp of an assault in opposition to Israel, though intelligence shouldn't be clear on when an assault might come and what type it might take, they are saying. She accused the US President of withdrawing without "without a single care, the slightest justification or simplest rational thought of what will come next".

The predictions and current polls will prove of little value if Trump pulls a rabbit out of the hat, forcing Iran into a much tougher deal. Valiollah Seif, the governor of Iran's central bank, says the country has enough foreign currency on hand to fund purchases of basic commodities and raw materials.

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