How Shell could be hit by Iran deal pull-out

  • How Shell could be hit by Iran deal pull-out

How Shell could be hit by Iran deal pull-out

Iranian Foreign Minister Mohammad Javad Zarif says Russian Federation has confirmed its preparedness to respect the seven-party nuclear agreement reached in 2015 despite the U.S. pullout.

"The two leaders looked forward to the summit which will take place between President Trump and Kim Jong-un in Singapore", the spokesperson said, adding that Britain would continue to work with the U.S. to keep up the pressure for denuclearisation of North Korea.

President Donald Trump's decision to withdraw from the 2015 nuclear deal risks exposing European countries that have since invested in Iran to renewed US sanctions after "wind-down" periods of three to six months expire.

Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week.

It said Pakistan noted the willingness of the parties to the Agreement to work together to uphold their respective commitments as stipulated in the JCPOA, despite U.S. decision to withdraw from it.

"It's possible", he said on CNN, writes Voice of America. "In the current situation, it seems the apparent conflicts between the USA and the three European states over the fate of the JCPOA are in fact a labour division made among them".

On 8 May President Donald Trump denounced the deal, saying he would withdraw the United States from it.

Israel and its allies have blamed the Iranian Revolutionary Guards for initiating Thursday's exchange by launching missiles into the occupied Golan Heights.

There has been no official declaration by the Iranian government that it was responsible for the attack on the Golan Heights, nor any acknowledgment that Iran's military presence in Syria was impacted by the Israeli strikes.

"In the end, the size of the US market dwarfs any prospect of any benefit they can get from Iran", Maloney said.

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Treasury Secretary Steven Mnuchin said.

A number of French firms have have signed billion dollar agreements with Iran since the nuclear accord was signed in 2015.

"This was an agreement which was deliberately kept narrow to deal with Iran's nuclear program". "Should U.S. reinstate its extra-territorial sanctions, that may have significant adverse impact on the ability for non-U.S. persons to trade with Iran and Iranian interests", the Swedish Club said.

Iran's Supreme Leader Ali Khamenei has already said that Israel won't exist in 25 years if it continues to destabilize the region. "It's reminiscent of the saying attributed to Vladimir Lenin that the capitalists will sell us the rope with which we'll hang them", he said.

Iranian President Hassan Rouhani is seen on Tuesday.

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

European Union was Iran's largest trade partner before sanctions were imposed in 2006.

He, however, believes that some European countries will eventually support the United States despite comments from some leaders expressing regret over Trump's decision to withdraw from the deal.

Those impacts will only become apparent once America's partners give their own response to Trump's decision, and when details of how the US measures are implemented are clear, the IG said.

Bruno Le Maire said Friday on Europe-1 radio that Europe should not accept that the the "world's economic policeman". In this case, the US chose to also impose "secondary sanctions", which also apply to non-Americans and non-U.S. companies.

"The consequences of American sanctions go well beyond goods shipped by American companies", Bolton said.