Tuesday, 22 January, 2019

Pompeo reaches out to European counterparts amid Iran tensions

Rhetoric Over US Exit From Iran Nuclear Deal Rises Amid Threat of Sanctions Pompeo reaches out to European counterparts amid Iran tensions
Jean Garcia | 17 May, 2018, 05:14

European firms, especially those from France and Germany, rushed to invest in Iran following the 2015 accord, under which Tehran agreed to freeze its nuclear programme in return for an end to punishing global sanctions.

National security adviser John Bolton and Secretary of State Mike Pompeo conceded in their respective Sunday interviews that the administration does not harbor a policy of regime change in Iran or North Korea.

The fact is, Trump kept pushing Iran to exhibit peaceful intent, it did not and we are therefore in a situation where its continuing evil is ever more a real peril even if unseen by those who do not want to see.

"â€We expect it has worth even when America has determined to stroll away, so we’ll be taking a look at a package deal of measures that we might be able to devise as Europeans, to encourage the Iranians to remain within the deal".

"I believe it's a good start".

The Joint Comprehensive Plan of Action (JCPOA), known as the deal on Iran's nuclear program, was signed between Iran and six global mediators (the United Kingdom, Germany, China, Russia, the United States, and France) on July 14, 2015. It would not stop Iran from getting nuclear weapons.

The question is whether the remaining signatories - the so-called EU-3, Russian Federation and China - can deliver the benefits of the accord, including access to global oil markets, trade and investment, that enticed the Iranians to join the agreement.

Federica Mogherini said the ministers shared a willingness to "arrive at practical solutions" for keeping the 2015 deal going despite the decision of U.S. President Donald Trump to abandon the agreement. "We don't have much to threaten the Americans". We have the support of Israel.

JSW Steel posts record quarterly profit
The shares of the company closed at ₹ 336.65 a scrip on the BSE, up 0.87 per cent from the previous close. He said the company is awaiting NCLT approval for Monnet Ispat and Energy (MIEL) acquisition.

"Remember how badly Iran was behaving with the Iran Deal in place", he said.

Just at a time when a wave of labor protests and strikes has spread throughout the country following the December and January mass protests which called for the overthrow of the Islamic Republic and an end to its intervention in Syria and Lebanon, the sanctions and a possible direct war will have deadly effects.

TAPPER: The U.S. essentially, at least as of now, going it alone, how will that force Iran back to the table?

An OPEC source said when asked about any plans for action "I think we have 180 days before any supply impact".

Speaking on May 8 from the White House Rose Room, President Trump made good on a longstanding promise to withdraw the US from what he accurately described as "a awful, one-sided deal that should never, ever been made". These companies will have 90 to 180 days to wind down their operations in Iran, or they will run afoul of the US banking system. "A lot depends on what we can do within the next few weeks".

European firms, on the other hand, are likely to abide by USA sanctions regardless of what steps their governments might take, Nephew says, "unless Europe brings the fight to the United States and takes real action to make sanctions enforcement costly" for Washington.

Even if Pompeo is successful in getting the European members of the deal and the United States back on the same page, there is no reason to believe that Iran (which successfully recouped funds that were frozen under the sanctions regimen, has the Europeans anxious to preserve the deal and has China and Russian Federation on its side) will give up more than it did before.

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