France condemns United States move to re-impose Iran sanctions

French Minister for the Economy and Finance Bruno Le Maire arrives for the Informal meeting of economic and financial affairs ministers in Sofia Bulgaria

French Minister for the Economy and Finance Bruno Le Maire arrives for the Informal meeting of economic and financial affairs ministers in Sofia Bulgaria

Asked whether U.S. sanctions will hit the Chabahar port project, Kumar said it was too early to analyse and come up with conclusions about implications of United States withdrawal from the nuclear deal.

Crude prices remained just below multi-year highs, with Brent on track for a weekly 2.8 percent gain and USA crude a 1.2 percent weekly rise.

"There are disturbing and eerie similarities" in the misuse of intelligence then and now, said Paul Pillar, who was the top USA intelligence analyst for the Middle East from 2001 to 2005. "The inspectors say nothing", she said. The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme. He will then go to Brussels to meet counterparts from Germany, Britain and France "about the fate of the nuclear deal", Iranian state television said.

The Chinese experience in circumventing the earlier sanctions will come in handy with Beijing rejecting US President Donald J. Trump's renewed effort to isolate Iran and force it to make further concessions on its nuclear and ballistic missiles programs as well as the Islamic republic's regional role in the Middle East by walking away from the 2015 agreement and reintroducing punitive economic measures.

"Decisions on the Iranian side took longer than expected, global banks were reluctant to work with Iran and the recent decline in the value of (Iran's currency) made worldwide business even more hard", she said.

United States investment bank Jefferies said in a note on Friday that it expects Iranian crude oil exports to start falling in the next few months.

He added that he believes Iran "never made a strategic decision to give up nuclear weapons".

Both claims were proved false.

US officials, as well as analysts in Washington and the Middle East, cautioned that there were key differences between Bush's Iraq policy and Trump's approach to Iran. That is up 27% since mid-2016 and means that USA output is creeping ever closer to that of top producer Russian Federation, which pumps about 11 million bpd. He also announced that the US recognizes Jerusalem as Israel's capital and would shift its embassy in Israel to the city apparently because he sought to realign the Middle Eastern order with these two countries as its core. "Indeed, I would argue that they thought they could act with impunity", he said. Now EU officials say they are revamping the statute to avoid the latest U.S. restrictions on firms doing business with Iran. Already playing catch-up after being caught off-guard by the speed and unconventional nature of recent US and South Korean diplomacy with North Korea, Japan is simultaneously pursuing a permanent exemption to President Trump's planned aluminum and steel tariffs.

Two current and one former USA official said America's intelligence agencies were not being pressured to provide evidence to support the White House's policy but instead were being ignored.

Mr Trump said he would reimpose sanctions on Iran as well as any entity that continued to trade with Iran, which threats billions of euros of European business.

Making the rounds on the Sunday morning shows, National Security Adviser John Bolton expressed hope that European countries would follow President Trump's lead and exit the Iran nuclear deal. "We have to be able to go into their military bases to see whether or not they're cheating", he said. Trump "neither needs nor wants justification".

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