Daniel R. DePetris 8 October 2018 12:49 PM 8 October 2018 12:49 PM Share Twitter Facebook LinkedIn Email Whatsapp The European Union finds itself in a bind. Donald Trump’s reintroduction of sanctions against Iran has left European diplomats desperately scrambling to salvage twelve years of nuclear diplomacy. On Friday, Jean-Claude Juncker underlined the EU’s commitment to keeping the deal alive, saying that ‘Europeans must keep their word and not give in to a change of mood, just because others are doing so’. The EU has its work cut out, but is using every tool in its arsenal to prevent Trump from undoing its efforts. A blocking statute previously levied in the 1990s has been updated and re-initiated, allowing European companies doing business with Iran to recover damages in court. Last month, Brussels provided Tehran with £15bn of aid to help offset the impact of US sanctions. And in one of the most audacious … [Read more...] about The EU’s desperate bid to keep the Iran deal alive isn’t working
The iran deal
“The Iran deal made by the previous administration is one of the worst deals I have ever witnessed – and I’ve witnessed some beauties” – President Donald Trump, 5 April 2017Although Donald Trump is no Ronald Reagan and his approach to international diplomacy is certainly unique, his administration’s analysis of the flawed Joint Comprehensive Plan of Action (JCPO), known as the Iran Deal, is absolutely right and has recognised the malign motives of the regime. While sitting in the House of Commons chamber during the Foreign Secretary’s statement, I could not help but think that Trump had called this right and we were getting it wrong. The Obama deal was never as good as was made out by its supporters. So let’s look at the flaws - namely sanctions, verification and enrichment. Sanctions Rather than adopt an approach of gradually lifting sanctions, the P5+1 caved to Iranian demands by lifting all nuclear-related sanctions with immediate … [Read more...] about Is President Trump Really That Wrong About The Iran Deal?
The European Union believes that the Iran nuclear deal (the Joint Comprehensive Plan of Action, JCPOA) should remain in force, despite its drawbacks, German Chancellor Angela Merkel said at an EU - Western Balkans summit in Sofia on Thursday, TASS reports. "Everyone in the EU agrees that is not ideal, but we should stay in it and on this basis conduct negotiations with Iran on other issues, for example on the ballistic missile program," the German chancellor noted. On May 8, US President Donald Trump declared Washington’s withdrawal from the JCPOA, a deal that restricted Tehran’s nuclear developments in exchange for the abolishment of corresponding sanctions of the UN Security Council and unilateral restrictive measures earlier introduced by the US and EU. Trump promised to reintroduce the old sanctions and launch new ones. He also stated that the US is ready to ink a new agreement. Follow Trend on Telegram. Only most interesting and important news … [Read more...] about Merkel: Everyone in EU agrees it is essential to stick to the Iran deal
The U.S. President Donald Trump considers the Iran nuclear deal was "a horrible, one-sided deal" which couldn't protect the national interests of America. "The fact is this was a horrible, one-sided deal that should have never, ever been made. It didn’t bring calm, it didn’t bring peace, and it never will," he noted during his speech. Trump noted that the agreement was so poorly negotiated that even if Iran fully complies, the regime can still be on the verge of a nuclear breakout in just a short period of time. "The deal’s sunset provisions are totally unacceptable. If I allowed this deal to stand, there would soon be a nuclear arms race in the Middle East. Everyone would want their weapons ready by the time Iran had theirs," Trump stated. "In theory, the so-called “Iran deal” was supposed to protect the United States and our allies from the lunacy of an Iranian nuclear bomb, a weapon that will only endanger the … [Read more...] about Trump calls the Iran deal ‘terrible, one-sided deal’
Despite President Trump’s clear signals over the last month, his decision to leave the JCPOA nuclear deal has still managed to shock the market. It appears that the market, and most European politicians, didn’t believe that Washington would take the step to unilaterally leave the deal. In spite of intense European efforts to convince Washington to stay in the JCPOA deal and try to renegotiate with Iran, the U.S. president has presented the world with a clear message: The President will fulfill his electoral pledges regarding Iran. The global oil market had partially factored in a withdrawal by Washington, but the true impact of the deal remains unclear. In the coming months, Washington will reinstate all of the former sanctions on Iran, starting with the lighter ones, which are mainly meant to curtail Iranian oil exports. If all sanctions, as indicated by Washington after Trump announced the withdrawal from JCPOA on TV, are put in place then the global geopolitical … [Read more...] about How The World’s Oil Powers Will Seize The Iran Deal