Europe Moves To Safeguard Iran's Interests After US Pullout

Challenging 'Impulse to Destroy,' EU's Top Diplomat Vows to Stand With Iran Against Trump's Attack on Nuclear Deal

Arguing the nuclear deal wasn't tough enough on Iran, Trump's government is now re-imposing sanctions, and any companies or governments with links to the US face sanctions if they do not comply.

White House National Security adviser John Bolton said USA sanctions on European companies that maintain business dealings with Iran were "possible".

Bolton told Fox News in January that the United States should increase economic pressure on Tehran and provide support to government opponents. 'We conduct business in all countries, including Iran, in accordance with all relevant UK, EU or other national sanctions and export control regulations'.

When pressed on the matter further, he said, "I think the Europeans will see that it's in their interest ultimately to come along with us". Boeing, which signed a contract to supply new planes to Iran's aging aircraft fleet, stands to lose around $20 billion now that the United States is reimposing sanctions.

On Tuesday Mr Trump announced he would pull out the Iran deal sparking fears about the future of the region.

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Germany, France have major trade connections with Iran and continue being devoted to this atomic agreement, as does Britain, and each of three states' foreign ministers plan to fulfill Tuesday to discuss it.

Yet interestingly enough, South Korea is now looking for ways to continue importing Iranian crude, its economic ministry said a day after Trump's announcement.

"I heard one of the primary industry representatives postulating that it might mean, if nothing else, that it's more hard to increase exports to iran who, of course, used to be a much larger trading partner of New Zealand than they are even now".

They were shifting the balance of power in the Middle East until President Trump got out of this deal, ” he said adding that the policy of the administration is to make sure that Iran never gets close to a deliverable nuclear weapon.

Despite this precedent, the re-imposed U.S. sanctions could critically undermine European Union attempts to preserve the Iran agreement.

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

Responding to a question, Bolton said that the leadership of the previous Obama administration lied to the American people. So at the moment, there's some feeling in Europe that they're really surprised we got out of it, really surprised at the reimposition of strict sanctions, Bolton said. And I said, look, Emmanuel, they just gave Renault a lot of money.

Altmaier said Germany wished to avoid "a coil of escalation" in transatlantic exchange connections.

Iran said it may resume uranium enrichment in a higher rate in weeks if it finds nuclear deal will not work anymore after the USA pullout from the deal.

"I am hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behavior", Pompeo said.

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