USA threatens sanctions as other members of Iran nuclear accord stiffen resolve

Iran Deal Concerns Push Oil Prices Above $70

It is "possible" the US may impose sanctions on European companies that keep doing business with Iran, national security adviser John Bolton warned Sunday on CNN's "State of the Union".

After over a year of threatening and weeks of teasing, Donald Trump pulled the United States out of the Joint Comprehensive Plan of Action (colloquially known as the Iran Nuclear Deal) Wednesday. "It depends on the behavior of other governments".

In January the 11 remaining signatories said they managed to overcome their differences and are holding the door open for the USA, presumably betting on a less protectionist administration eventually taking over.

This is not the policy of the government.

"The Bushehr station has never fallen under any sanctions due to a US-Russian agreement that Washington would not slap sanctions on Rosatom and its subcontractors in exchange for Moscow's cooperation on the Iranian nuclear agreement", Kozhanov said.

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John Bolton, who is Trump's national security advisor, said that Tehran's military had exploited the easing of pressure on the Iranian economy to meddle in conflicts across the Middle East in the last three years.

In a statement published Friday, Iranian Foreign Minister Javad Zarif said he would embark on a round of global diplomacy to try and save the deal.

True, such missiles would not carry nuclear bombs for the time being, but they certainly can carry a variety of other weapons that could be also lethal and devastating to many countries in the neighbourhood of Iran.

"Soaring US shale output will continue to put a cap on prices", said Hussein Sayed, chief market strategist at futures brokerage FXTM. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was anxious about stability in the Middle East, according to Macron's office. Investors are anxious that renewed sanctions on Iran, a major oil producer, could lead to supply disruptions.

Jefferies said that OPEC has the capacity "to replace the Iranian losses" but added: "Even if physical supply is held constant ... the market will still be faced with a precariously low level of spare capacity". "They agreed for talks to take place between our teams". In the case of the Iran deal (formally the Joint Comprehensive Plan of Action, or JCPOA), the withdrawal of the USA doesn't formally kill the agreement, as it's a multilateral agreement including other nations as well.

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In an interview with ZDF public television, Altmaier noted the United States had set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period could be used to convince Washington to change course.

As a private citizen, Bolton suggested in the past that the United States push for a change in Iran's government. Now, we must see if this global agreement to prevent Tehran from obtaining a nuclear weapon can survive without the backing of the United States of America-and what consequences will unfold from the President's decision. Bolton said on ABC's This Week.

"Principally, New Zealand must reject [the sanctions] but they declare they're going to obey European Union countries, I think they will have the same policy that European Union will have in the coming weeks".

Iranian supreme leader Ayatollah Ali Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal. Efraim Inbar, President of the Jerusalem Institute for Strategic Studies, "I do not think they will react immediately, especially since Israel is seen has having American back-up".

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