EU says committed to Iran nuclear deal, will not reimpose sanctions

10 May, 2018, 02:26 | Author: Enrique Watson
  • Barack Obama and President Donald Trump

"The kingdom supports and welcomes the steps announced by the USA president toward withdrawing from the nuclear deal. and reinstating economic sanctions against Iran".

Mr Trump announced on Tuesday he would reimpose U.S. economic sanctions on Iran to undermine what he called "a frightful, one-sided deal that should have never, ever been made".

The market was weighed down by concerns over Trump's announcement later Tuesday on whether he will re-impose USA sanctions on Tehran, potentially throwing the entire Iran nuclear deal into question, said Hiroaki Hiwata, strategist at Toyo Securities.

Iranian MPs have set a paper US flag ablaze in Parliament shouting "Death to America!" after US President Donald Trump's decision to withdraw from the Iran nuclear deal and reimpose sanctions. Trump's announcement from the White House marked potentially the worst-case scenario for the relative moderate, as the country's economy continues to reel despite the deal and may further worsen.

Trump also won some support in the Arab world for his withdrawal from the deal.

"We have yet to see the detail of how he intends to do it, but we will certainly be as supportive as we can".

"I therefore regret the American decision".

Iran has time and again claimed that its nuclear programme was entirely peaceful, and its compliance with the deal has been verified by the International Atomic Energy Agency.

"The future of Iran belongs to its people", he added.

It is unclear at this point what the future of the deal might entail, but European leaders have already indicated a willingness to continue to pursue the deal without USA involvement.

Mr Trump disregarded the pleas of United States allies to remain in the agreement, and instead announced that he would reinstate sanctions on Iran in the coming months.

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Denmark's foreign minister said he recognised those concerns.

However, the deal came with time limits and did not address Iran's ballistic missile initiative or its regional policies in Syria and elsewhere. "But that should occur supplementary to the nuclear agreement", Samuelsen said.

"I hope that's the case, because it's a very, very concerning development".

The Turkish president also said Trump should have respected the agreement signed by the previous administration.

Jensen also said that Denmark should remain in the agreement.

Russian Federation said it was "deeply disappointed" by Mr Trump's decision while China expressed regret.

"It is catastrophic for him to do this. If they do, there will be very severe outcome". This was a way to stay Iran's nuclear ambitions while giving more moderate forces wind in their sails.

Other conservatives were sceptical about the ability of Iran's government to salvage the agreement with the help of European powers.

Another 42% said the U.S. should remain in the deal, and the remaining 28% said they "don't know".

The best way for European countries to react would be to remain in the agreement, he added. "If we achieve the deal's goals in cooperation with other members of the deal, it will remain in place", he said.

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