'Britain committed to Iran nuclear deal'

'Britain committed to Iran nuclear deal'”

President Trump's decision to pull out of the Iran nuclear deal has sent shock waves rolling through the region and amplified widespread public anger.

The British premier discussed the potential impact of U.S. sanctions on the companies now operating in Iran and the two sides agreed to hold further talks over the issue, the statement added. Iran has, however, shown little restraint, testing as many as 23 short- and medium-range missiles since the deal was struck, many of which the US, France, Germany and Britain argue are "inherently capable of delivering nuclear weapons".

"The President of the Atomic Energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions, using the results of the latest research and development of Iran's courageous nuclear scientists", the statement said. Should Tehran be found in breach of the agreement, the suite of United Nations sanctions that had crippled Iran's economy in the preceding years will automatically "snap back" into place, and countries such as China and Russian Federation would have no veto to prevent that occurring.

Iran's foreign minister was due to leave Saturday for a whirlwind diplomatic tour as world leaders scramble to salvage something from the wreckage of a landmark nuclear deal in the wake of Washington's withdrawal. Mr. Le Maire. "It's time today for all Europeans to open their eyes".

Both Le Maire and Germany's finance minister Olaf Scholz had spoken to their United States counterpart Steven Mnuchin, urging him to consider exemptions or delays for companies already present in the country.

In exchange, global sanctions against Iran were lifted, allowing it to sell its oil and gas worldwide. Aside from the mounting military tensions between Iran and Israel, oil prices are rising on the uncertainty. He ended on a hopeful note after acknowledging that Iran's leaders had ruled out new nuclear negotiations: "But the fact is they are going to want to make a new and lasting deal, one that benefits all of Iran and the Iranian people". Europeans fear a collapse of the deal could intensify conflicts in the Middle East.

Earlier on the day, Russian President Vladimir Putin and German Chancellor Angela Merkel also reaffirmed their commitment to preserving the 2015 landmark nuclear agreement despite the USA move to pull out of it.

The US president has until May 12, to decide whether to stick with the deal. French exports to Iran doubled to 1.5 billion euros past year, driven by sales of aircraft and automobile parts, according to customs data.

"There are worries that Iran's oil exports could fall by about 1 million bpd from current levels", said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.

Incredibly, the Obama administration approved enrichment capabilities for Iran that the Ford administration had denied to Iran when it was a US ally, before the 1979 revolution. Around 120 German firms have operations with their own staff in Iran, including industrial giant Siemens, and some 10,000 other German companies trade with Iran.

"We are ready to talk to all the companies concerned about what we can do to minimize the negative consequences", Altmaier told Deutschlandfunk radio. "That means, it is concretely about damage limitation" and offering legal advice, he said. Fundamentally, they acknowledge, most businesses have ties to the US that dwarf new revenue to be won from plunging into the Iranian market. He was quoted by Germany's Bild newspaper as saying firms should question the morality of doing business with Iran. "Do they want to do business with a threat?" he asked.

But she also said: "If everybody does what they like, then this is bad news for the world".

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