Wednesday, 14 November, 2018

Iran's Zarif hails 'will to resist' U.S. pressure on nuclear deal

President Donald J. Trump signs a National Security Presidential Memorandum as he announces the withdrawal of the United States from the Iran nuclear deal Oil wars: Iran says 'ready' to block of Hormuz Strait in retaliation to U.S.
Faye Gross | 07 July, 2018, 03:59

Foreign ministers and senior diplomats from Britain, China, France, Germany and Russian Federation held talks on July 6 with their Iranian counterpart, Mohammad Javad Zarif, in Vienna for the first time since U.S. President Donald Trump announced he was abandoning the nuclear deal and moving to reimpose sanctions on Iran.

Iranian Minister of Foreign Affairs Mohammad Javad Zarif (C) and political deputy at the Ministry of Foreign Affairs of Iran Abbas Araghchi take part in a Comprehensive Plan of Action (JCPOA) ministerial meeting on the Iran nuclear deal on July 6, 2018 in Vienna, Austria.

This was extrapolated by United States officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.

Iranian leader Hassan Rouhani embarked on a European tour this week in an attempt to salvage the multilateral nuclear agreement with EU leaders.

Their foreign ministers were holding talks in Vienna, where the accord was signed in 2015 with the aim of stopping Iran from building the atomic bomb in return for sanctions relief that promised greater trade and investment for the country.

Under the JCPOA, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.

The news follows a threat by Iran to cut off oil reserves to the rest of the world in the wake of conflict with the US.

Although there were no concrete pledges or deadlines, they also vowed efforts to keep open financial channels with Iran, promote export credit cover and maintain open air, sea and overland transport links.

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The Iranian president said there was no action plan or "a clear method in the proposed package for the continuation of cooperation and, similar to the previous European Union statements, it only contained general commitments".

"They (Iran) must stop threatening to break their commitments to the nuclear deal", Jean-Yves Le Drian said.

She added that the participants will work on the issues such as "the encouragement of further investments in Iran, the protection of economic operators for their investments and other commercial and financial activities in or in relation to Iran, the bringing together of private and public sector experts, the practical support for trade with and investment in Iran, the protection of companies from the extraterritorial effects of United States sanctions".

Iran has warned that it may walk away from the deal unless other signatories "guarantee" that it will continue to benefit.

"The package proposed by Europe for continuation of cooperation in the nuclear deal does not meet all our demands", Rouhani was quoted as saying by his official website.

The Iranian president said, "After the U.S. unilateral and illegal exit, Moscow has an important role in the reinforcement of the JCPOA and fulfillment of the opposite sides' commitments".

Washington has warned other countries to end trade and investment in Iran and stop buying its oil by early November or face punitive measures.

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