Iran FM Meets Mogherini as Part of Efforts to Save Nuclear Deal

Iran China agree to maintain nuclear deal

Iran China agree to maintain nuclear deal

Major European powers have sought to keep Iran in a landmark worldwide nuclear agreement after President Donald Trump pulled the US out of the pact and promised tough economic sanctions against Tehran.

Zarif is due to leave for Beijing on Saturday and will later travel to Russian Federation.

"[But] if the nuclear deal is to continue, the interests of the people of Iran must be assured".

"It is not the matter of Iran's nuclear deal, it is the matter of dignity of Europe because President Trump believes in unilateralism; he thinks he's master of the world, he's a business police of the world and he will make a decision and the other countries must obey him", Mr Mianji said.

White House national security adviser John Bolton said on Sunday U.S. sanctions on European companies that maintain business dealings with Iran were "possible" although Pompeo has remained hopeful Washington and its allies could strike a new nuclear deal with Tehran. The International Atomic Energy Agency (IAEA) has constantly maintained that Iran is sticking to the terms of the agreement and is not cheating, a fact independently verified by the US military as well.

US President Donald Trump announced on May 8 the US would be withdrawing from the deal, which was signed under former President Barack Obama, saying it was "defective at its core".

Mehrdad Emadi, an economic expert and consultant at the UK-based Betamatrix International Consultancy, believes that the re-imposition of the U.S. sanctions against Tehran will not cut the country's oil export to below the pre-nuclear deal period in short term, but in medium term it can seriously impact Tehran's oil sale.

The sanctions will target critical sectors of Iran's economy, including petrochemicals, energy and finance.

China and Iran have agreed to uphold the Joint Comprehensive Plan of Action (JCPOA) - also referred to as the "Iranian nuclear deal" - during Iranian Foreign Minister Mohammad Zarif's visit to Beijing.

A number of European companies, including Airbus, Siemens and Total, had established operations in Iran since the signing of the deal.

During the 2016 United States presidential election campaign, then-candidate Trump called the JCPOA "the worst deal ever", while his predecessor Barack Obama had considered it a major achievement.

"Together, we emphasise our continuing commitment to the JCPOA".

"At this moment, our trading activity is business as usual", said Marta Llorente, a spokeswoman for Spanish oil company Cepsa, one of Iran's customers in Europe.

In the CNN interview, Bolton did not respond directly when asked whether Trump might seek "regime change" in Iran, or whether the United States military would be ordered to make a preemptive strike against any Iranian nuclear facility. The catch 22 has kept global oil prices on the bearish side because of the ample supplies.

But while he talked up the prospect of renewed coordination with America's allies, another top aide reminded Europe its companies could face sanctions if they continue to do business with the Middle Eastern power.

Iran's Supreme Leader Ayatollah Ali Khamenei has called the United States withdrawal "impudent" and "worthless". "But it's unlikely they can keep doing business today, giving room to Russian Federation", said independent political scientist Vladimir Sotnikov.

"We are on the right path to move forward", he said.

"The President of the Atomic Energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions", Zarif said on Friday.

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