Published: Thu, May 17, 2018
Worldwide | By Stella Potter

Iran said it was ready for United States withdrawal from the nuclear deal

Iran said it was ready for United States withdrawal from the nuclear deal

He believes that this decision was of course not unexpected.

It is a very important decision with grave consequences as every independent and good-faith expert on this issue would agree that this agreement was working and was effectively implemented even if it is not flawless, the expert noted.

"We call on the United States to do everything possible to preserve the gains for nuclear non-proliferation brought about by the JCPOA, by allowing for a continued enforcement of its main elements". President Hassan Rouhani said Sunday the country would remain in the deal if the other signatories continue to follow the agreement.

Their failure to convince President Trump will see the U.S. reimpose sanctions and put European businesses under pressure to wind up their links with the country.

Trump's bellicose rhetoric today makes achieving those goals more hard.

"As of today only France's Total has signed a big contract in Iran and it was for the development of Phase 11 of the South Pars supergiant gas and condensate field".

European leaders vowed in the wake of the announcement that they would remain in the pact.

"But now I think we've gone back to square one", he continued.

"We know it's a hard task but we are detemined to do it and we have started to work to put in place measures that help ensure this happens", she told reporters.

"These demands were aimed at weakening Iran's defensive power in a way that countries like Saudi Arabia or even brutal terrorists like ISIS could defeat Iran". There is absolutely no reason to think that the Trump administration on its own could reach a better deal than the Obama administration did by working in concert with the worldwide community.

Foreign ministers plan to discuss "the measures we can put in place at a European level and at a national level to protect our investments and to guarantee that the deal continues to be fully implemented", Mogherini said ahead of the meetings.

"For the first time, Iran has the chance to show the world they are not the rogue nation they are always presented as, that they negotiated in good faith and keep to their commitments", said Karim Emile Bitar of the Institute for worldwide and Strategic Studies in Paris.

The extent that European trade could continue to work with non-US linked banks to invest in Iran is unclear, said Maya Lester, a British barrister and expert on sanctions legislation.

Before arriving in Beijing, Zarif published a government statement on his Twitter page, slamming the "extremist administration" of US President Donald Trump for abandoning "an accord recognised as a victory of diplomacy by the worldwide community".

"If I can use the metaphor that some raised around the table, we all have a relative in intensive care and we all want to get him or her out of intensive care as soon as possible", she said. European allies, including French President Emmanuel Macron and German Chancellor Angela Merkel, implored Trump to uphold the agreement, and seek additional provisions to address his concerns over Iran's ballistic missiles and destabilizing activity in the region. "The policy of the administration is to make sure that Iran never gets close to deliverable nuclear weapons".

U.S. sanctions on Iran will have a six-month period during which buyers should "wind down" oil purchases, meaning any loss of supply will not be immediately felt in the market. Trump has also hinted that he might impose additional sanctions on top of those which were waived.

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