World News

May agrees with France, Germany on upholding Iran nuclear deal

May agrees with France, Germany on upholding Iran nuclear deal

Germany has joined its European allies in reaffirming support for the Iran nuclear deal in defiance of the USA that pulled out of the landmark agreement last week.

U.S. President Donald Trump on May 8 withdrew from a deal between Iran and major world powers whereby some sanctions against Tehran were lifted in exchange for curbs on its nuclear programme.

The US has said it will progressively reintroduce the main sanctions against Iran, starting with the automobile and civil aviation sectors on 6 August.

"This agreement is everything other than ideal, but Iran is, according to all the knowledge of the global nuclear authorities, sticking to the commitments of the agreement", Merkel said. "But we think we can tackle those in other ways, outside the JCPOA". These include protecting European companies dealing with Iran from US sanctions, which in practice would be very hard, allowing the European Investment Bank to invest there and coordinating euro-denominated credit lines from EU states. The country has boosted its oil production almost 1 million bpd since the nuclear deal lifted Western sanctions in January 2016.

French President Emmanuel Macron arrives for an informal dinner ahead of a summit with leaders of the six Western Balkans countries in Sofia Bulgaria
May agrees with France, Germany on upholding Iran nuclear deal

Iran has reiterated it would remain in the JCPOA for now, pending negotiations with the other signatories in the coming weeks before making a final decision on its future role in the agreement. As a first step, the foreign ministers of Germany, France and Britain were in Brussels on Tuesday for talks with their Iranian counterpart. "And we agreed to continue to consult intensively at all levels and also with other remaining participants to the joint commission to the JCPOA".

"We are determined to ensure that the JCPOA stays in place". "We're not naive and know it will be hard for all sides".

She noted that similar willingness has been expressed by the European and Iranian sides.

As the foreign ministers of France, Germany and the United Kingdom prepare to meet in Brussels in an attempt to salvage the Iran nuclear deal after the U.S. pulled out last week, the European Union is also looking at measures to protect companies doing business in Iran.

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