Published: Thu, July 19, 2018
World Media | By Cesar Oliver

USA sanctions against Iran will hurt European Union companies

USA sanctions against Iran will hurt European Union companies

"What they've asked us to do is review how we get there and the timeline for that", he said, "and so I'm very confident they understand".

Pompeo, also speaking to reporters on Friday, said he had discussed USA plans to reimpose sanctions on Iran with "all but one" country.

The Iranian embassy released a statement yesterday that Tehran would do its best to ensure security of oil supply to New Delhi, asserting that it had been a reliable energy partner for India.

While Foreign Secretary Vijay Gokhale led the Indian delegation, the Iranian side was headed by Deputy Foreign Minister Seyyed Abbas Araghchi. The next round of Joint Commission Meeting at the level of External Affairs Minister will be held in November 2018 in Iran, MEA said.

When the operation in the warehouse was completed two hours before Iranian security agents arrived the Mossad team left Tehran with some 50,000 pages and 163 compact disk of videos, designs and memos detailing Iran's secret nuclear weapons program.

Bolton said the United States was looking for Iran's "unconditional surrender" in meeting demands on Iran made by Pompeo during a speech in late May.

In a letter to European Union officials, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the USA government wants to maximize pressure against Iran as sanctions begin to be imposed next month.

New Delhi has insisted that its final policy decision on United States sanctions row with Iran will be guided strictly by national interests.

Last month, Washington's threat of sanctions sent oil prices surging, and United States crude spiked 3.5% to about $70.50 a barrel. "One thing is very clear; that whatever is mandated in our national interests will be done", he asserted.

Many weapons experts in the USA and former US officials say Israeli critics of the agreement are missing the point.

"We will seek to provide unprecedented financial pressure on the Iranian regime", said the letter, which was also signed by Treasury Secretary Steven Mnuchin, NBC news reported.

Iran says if President Donald Trump wants to negotiate after pulling the United States out of the worldwide deal meant to prevent Tehran from developing nuclear weapons, he'll have to make the call.

Under the agreement, Iran agreed to eliminate its stockpile of medium-enriched uranium, cut its stockpile of low-enriched uranium by 98 per cent and reduce by about two-thirds the number of its gas centrifuges for 13 years.

The bloc's foreign policy chief Federica Mogherini said the 28 countries were doing all they could to save the deal but conceded President Donald Trump's administration could still wreck it.

The Organization of the Petroleum Exporting Countries agreed with Russian Federation and other oil-producing allies on June 23 to raise output from July, with Saudi Arabia pledging a "measurable" supply boost, but giving no specific numbers.

Experts who specialize in sanctions-related laws said the merits of the Iranian lawsuit might be weak, partly because of what they called Iran's own transgressions of the 1955 treaty.

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