As reported by Reuters, the United States is threatening to impose sanctions on European companies that continue to do business with Iran as the remaining participants in the Iran deal have hardened their resolve to maintain the deal following the US’ exit last week.
Key quotes
“White House national security adviser John Bolton said U.S. sanctions on European companies that maintain business dealings with Iran were “possible,” while Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran.
So far, China, France, Russia, Britain, Germany and Iran remain in the accord, which placed controls on Iran’s nuclear program and led to a relaxation of economic sanctions against Iran and companies doing business there.
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.
French Foreign Minister Jean-Yves Le Drian, speaking in Dublin, declared: “We are stakeholders” and will remain so.
Germany said it would spend the next few months trying to persuade Washington to change its mind. German Foreign Minister Heiko Maas acknowledged, however, that protecting European companies from potential U.S. penalties could be difficult.”
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