In the Trump-Kim deal, China is the biggest winner

Trump’s policy might push Iran to conduct more ballistic missile tests. Credit Reuters

Trump’s policy might push Iran to conduct more ballistic missile tests. Credit Reuters

German Foreign minister, Heiko Maas held a phone talk with his Iranian counterpart Mohammad Javad Zarif, ahead of high level negotiations between Iran and the European Union on nuclear deal, scheduled for May 15.

President Donald Trump's decision to withdraw from the 2015 nuclear deal risks exposing European countries that have since invested in Iran to renewed USA sanctions after "wind-down" periods of three to six months expire.

During recent conversations with Britain's Boris Johnson, France's Jean-Yves Le Drian and Germany's Heiko Maas, Pompeo stressed that they "share strong interests in preventing Iran from ever developing a nuclear weapon and in countering the Iranian regime's destabilizing activities in the region", according to a statement.

The commitment of other partners to the Iran deal should be respected, said Le Drian, adding that the effects of the USA move were already being felt in rising oil costs and an increase in political uncertainty in the Middle East.

EU leaders have discussed providing firms that do business with Iran special financing from the European Investment Bank, and passing legislation that protects European firms from American sanctions - modeled after a "blocking regulation" from 1996 that deflected sanctions against European companies that violated America's Cuba embargo.

British Foreign Secretary Boris Johnson said before the meeting in Brussels that "the United Kingdom and our European partners continue to view the nuclear deal as vital for our shared security, and remain fully committed to upholding it".

On 8 May President Donald Trump denounced the deal, saying he would withdraw the U.S. from it.

Israel and its allies have blamed Iran's Revolutionary Guards for initiating Thursday's exchange by launching missiles into the occupied Golan Heights.

In the past week, it has slapped a new series of sanctions against Iran.

"Decisions on the Iranian side took longer than expected, worldwide banks were reluctant to work with Iran and the recent decline in the value of (Iran's currency) made global business even more hard", she said. That means that anyone, in any country, who does business with Seif or Tarzali could themselves be punished with sanctions, cutting them off from the USA financial system.

Roth said Europe was willing "to assume greater economic responsibility in Iran" if Tehran continued to follow the agreement, which is meant to prevent it from pursuing the construction of nuclear weapons.

Iranian hardliners - who have long opposed President Hassan Rouhani s moves to improve ties with the West - are already mobilizing against the efforts to save the nuclear deal.

According to Ms Mogherini, the deal is capable of surviving without U.S. support as long as Iran continues to agree to stand by it.

Ushakov said Putin will discuss the US withdrawal from the Iranian deal with German Chancellor Angela Merkel and French President Emmanuel Macron, who are set to visit Russian Federation later this month.

Despite the USA exit, Britain and Iran expressed their commitment on Sunday to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

"These actions are further proof that the Iranian regime's reckless actions pose a severe threat to regional peace and security".

Mr Zarif is likely to seek assurances on European investments and the fate of a troubled 100-aircraft Airbus order following the USA decision to reinstate sanctions on the Islamic Republic, said analysts.

Zarif said the latest USA decision was "illegal".

Ultimately, it is up to Iran to decide whether to accept the agreement with limited benefits or imitate US and depart. In this case, the USA chose to also impose "secondary sanctions", which also apply to non-Americans and non-U.S. companies.

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