Iran Daily: Tehran — Time Almost Up for Europe and Nuclear Deal

Speaker of Parliament Ali Larijani in the Majlis, June 10, 2018

Iran has warned that time is almost up for Europe to give economic assurances to save the July 2015 nuclear deal following US withdrawal and expanded sanctions.

Speaker of Parliament Ali Larijani delivered the message on Sunday, telling MPs that the European Union and its members — including the UK, France, and Germany, all part of the deal — to “explicitly and swiftly” announce their decisions: “Otherwise, the Islamic Republic of Iran will take next steps either in the nuclear field or other issues.”

Since Donald Trump announced the American withdrawal on May 9, President Hassan Rouhani, Foreign Minister Mohammad Javad Zarif, and other senior officials have said that the Europeans must not only provide political support for the Joint Comprehensive Plan of Action, but also must ensure that trade and investment links with Iran’s fragile economy are expanded.

The EU has announced “blocking measures” to shield some companies from the US punishment of any firm with American links that does not break ties with Iran by November. However, the organization has not offered guarantees for larger firms and the major deals needed for Iran’s economy, including the energy, transportation, and manufacturing sectors.

European companies suspending business with Iran include French car manufacturer PSA; French energy giant Total, which was planning a $4.9 billion investment in the South Pars gas field; France’s Airbus, which had contracted to deliver 100 passenger planes to Tehran; German insurance company Allianz; and shipping firm Maersk.

Iranian officials have said that they are preparing to resume enrichment of 20% uranium — which potentially can be enriched to 95% military grade — if the nuclear deal collapses.

Related Posts

Scott Lucas is Professor of International Politics at the University of Birmingham and editor-in-chief of EA WorldView. He is a specialist in US and British foreign policy and international relations, especially the Middle East and Iran. Formerly he worked as a journalist in the US, writing for newspapers including the Guardian and The Independent and was an essayist for The New Statesman before he founded EA WorldView in November 2008.

5 COMMENTS

  1. With U.S. Withdrawal From The Iran Deal, Expect India-Iran Oil Trade To Take A Hit: https://www.forbes.com/sites/ronakdesai/2018/06/11/with-u-s-withdrawal-from-the-iran-deal-expect-india-iran-oil-trade-to-take-a-hit/#3ea9590425c8

    “Ultimately, oil trade between India and Iran will continue but at diminished levels. Indian companies with commercial ties with Iran must now address a host of formidable challenges to continue conducting business with the country.”

  2. “European companies suspending business with Iran include French car manufacturer PSA; French energy giant Total, which was planning a $4.9 billion investment in the South Pars gas field; France’s Airbus, which had contracted to deliver 100 passenger planes to Tehran; German insurance company Allianz; and shipping firm Maersk.”

    Make that Hapag-Llyod too: https://uk.reuters.com/article/uk-iran-nuclear-hapag-lloyd/german-container-line-hapag-lloyd-scaling-back-iran-business-idUKKBN1J712A?il=0

  3. India’s Nayara Energy begins cutting Iran oil imports:https://www.reuters.com/article/us-india-iran-nayara-exclusive/exclusive-indias-nayara-energy-begins-cutting-iran-oil-imports-sources-idUSKBN1J70XB

    “Indian refiner Nayara Energy, one of the country’s biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar with knowledge of the matter said. Previously named Essar Oil, Nayara was bought by Russian state oil-giant Rosneft and partners in a $12.9 billion deal last year.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here