It's not about the nuclear deal

Iran deal 'not dead', says France

Iran deal 'not dead', says France

Bolton said on CNN's "State of the Union" that he believes some European countries will end up supporting the United States despite comments from European leaders that they regret Trump's decision to withdraw.

The U.S. withdrawal is not expected to trigger any snap-back of EU, UN or other non-U.S. sanctions in Iran. Insurance companies will be very reluctant to underwrite cargoes and vessels touching Iran after the sanctions are imposed.

Oche said in Lagos on Sunday that it was sad that the U.

US President Donald Trump's withdrawal from the Iran nuclear deal has many implications, both economic and political.

President Donald Trump repeated a misleading claim about Iran's military budget Saturday, saying it had increased by more than 40 percent since the negotiation of the Iran nuclear deal.

While he has committed to remaining in the nuclear agreement, French President Emmanuel Macron floated the idea of a supplemental deal on Iran during a recent visit to Washington.

Phillip Smyth, Soref fellow at The Washington Institute, said the Iranian Revolutionary Guard Corps and Quds Force have "secure sources" of funding.

Sanctions come amid an oil market that has already been tightening due to strong demand, especially in Asia, and as top exporter Saudi Arabia and top producer Russian Federation have led efforts since 2017 to withhold oil supplies to prop up prices. If the deal cannot be fixed, the USA could no longer be a party to it.

Iranian President Hassan Rouhani has questioned the legitimacy of efforts by the United States and France to change the nuclear deal with his country. When the Iranian deal was reached in 2015, its oil output returned to pre- 2012 levels.

Argus Media points out that roughly 70 percent of Iranian oil exports have gone to Asia under annual contracts, which means "meaningful cuts to imports would be unlikely to come in until early next year".

Speculators are driving the momentum which is pushing WTI and Brent crude oil prices higher.

Investors seem to price in the fact that a US decision to reimpose sanctions on Iran is helping China's recently established crude oil futures, and may encourage efforts to start trading oil in Yuan instead of dollars. Our model suggests that roughly 25% of Iranian oil exports will be curtailed over the course of a year, but far less over the next 180 days, which is the window provided by the US Treasury to comply with the sanctions.

While the U.S. could "totally d***" the Iranians, it would requires over a "couple of million" men, led to unspeakable causalities and require a full-scale invasion of Iran.

Britain, France and Germany on Tuesday pledged to remain in the Iranian nuclear deal despite Trump's decision to pull America out of the agreement. The country, the third-biggest producer of crude within OPEC, exported about 2.6 million barrels per day (bpd) in April.

On a related note, German Chancellor Angela Merkel told a news conference that her country had noted the USA decision with "regret and concern", saying, "We must not question the Iran deal, however, we also need to talk about a broader deal that goes beyond it".

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