Europe steps up efforts to salvage Iran deal

U.S. President Donald Trump speaks after announcing his intent to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington U.S

Heavy sanctions and economic mismanagement do not automatically lead to a regime’s downfall says Sky’s Dominic Waghorn

The fact is, Trump kept pushing Iran to exhibit peaceful intent, it did not and we are therefore in a situation where its continuing evil is ever more a real peril even if unseen by those who do not want to see.

"She said it is in both the United Kingdom and Iran's national security interests to maintain the deal and welcomed President Rouhani's public commitment to abide by its terms, adding that it is essential that Iran continues to meet its obligations", a United Kingdom government spokesperson said in a statement.

Merkel, speaking in the western German city of Münster on Friday, said Trump's latest blow to trans-Atlantic relations, on top of his withdrawal from the Paris climate accord and trade disputes, made clear that the world's multilateral institutions are "in real crisis". The extent of his thinking is: "Iran deal bad".

Zarif told the media after the meeting that he believed both sides were "on the right track" to ensure that the interests of the JCPOA's "remaining participants, particularly Iran, will be preserved and guaranteed". European diplomats acknowledged that the EU support, however honest, risked looking hollow after Trump reimposed an array of wide sanctions last week on Iran that will hit European companies investing there.

Mr Trump has announced his intent to withdraw from the Iran nuclear agreement
Image Mr Trump wants further sanctions imposed on Iran

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On Tuesday night, after the meeting, Ms. Mogherini said that the foreign ministers had agreed to begin work, to "find solutions in the next few weeks", on issues like Iran's energy sales, banking transactions, export credits and investment, and protections for European companies working in Iran.

The price of oil is not the only area that will affect the Caribbean, after President Trump's decision to withdraw the US from the Joint Comprehensive Plan of Action (JCPOA) with Iran which was negotiated and signed in 2015 by the US, Britain, France, Russia and China (the five permanent members of the UN Security Council) plus Germany.

It is unclear how well the measure could be enforced, given that big multinationals are likely to be doing more business in the US than they are in Iran and may be unwilling to compromise that market access. Quite the contrary, it provided cover for Iran to continue its efforts.

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"We are going to put together a coalition that pushes back against not only Iran's nuclear program - which they still deny".

Other European companies with big Iran deals and significant operations in America are giving little away about their plans. Beyond reinstating USA economic sanctions on Tehran and hoping reluctant allies will play along, there isn't one.

Also Sunday morning, Pompeo said that withdrawal from the deal wasn't aimed at Europeans - that the Trump administration will continue to work with its allies to fix the deal. It said Iran could still shoot off those ballistic missiles, obviously meant to transport nukes someday.

In another interview to Fox News, Pompeo strongly pushed back on the notion that USA withdrawal from the nuclear deal makes it less constrained now. "President Trump wants to starve them of that wealth", Pompeo said.

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On Sunday, Prime Minister Theresa May used a telephone call with Iranian president Hassan Rouhani to restate Britain's commitment to upholding the Iran nuclear deal, but condemned Tehran's missile attacks against Israeli forces in the Golan Heights.

He is gauging global readiness to guarantee Iran's interests if it decides to remain in the nuclear pact a week after President Donald Trump announced that the USA was walking away from the JCPOA, which he described as a frightful deal.

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