US Not Ruling Sanctions Against EU Companies for Cooperating With Iran - Bolton

Trump decision to nix not fix Iran deal adds to transatlantic tensions

Trump decision to nix not fix Iran deal adds to transatlantic tensions

"The President of the Atomic Energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions, using the results of the latest research and development of Iran's fearless nuclear scientists", the statement said.

"There is a realization among all European states what we can not keep going in the direction we are headed today whereby we submit to American decisions", Le Maire told reporters in Paris.

Iran's Foreign Minister Javad Zarif described his government's reaction to President Trump's decision on Tuesday to re-impose USA sanctions on foreign companies that do business with Iran, in a statement posted to Twitter on Friday.

Mogherini launched a thinly veiled verbal assault on the US President as she set out her determination to save the Iran nuclear deal during an address in Florence today.

Zarif's statement puts pressure on U.S. European allies and other parties to the deal to find a way to keep it alive despite Trump's efforts to ice it, said Suzanne Maloney, an Iran analyst at the Brookings Institution.

Iran is the third largest supplier of crude oil to India after Saudi Arabia and Iraq.

President Hassan Rouhani said he hoped Iran could stay in the agreement.

French Finance Minister Bruno Le Maire said Friday on Europe-1 radio that Europe should not accept that the U.S.is the "world's economic policeman". "But as it is now, at least for the time being, we're the country that's isolated".

French exports to Iran doubled to 1.5 billion euros ($1.79 billion) past year, driven by jets and aircraft and automobile parts, according to customs data.

Later, India, Iran and Afghanistan signed a trilateral pact providing for transport of goods among the three countries through the port. Around 120 German firms have operations with their own staff in Iran, including Siemens (SIEGn.DE), and some 10,000 German companies trade with Iran.

Merkel said Friday the unilateral US withdrawal undermines confidence in the global order, but that it wasn't enough to abandon decades of cross-Atlantic cooperation. "That means, it is concretely about damage limitation" and offering legal advice, he said.

"Germany, France and Britain, the "EU3", say themselves that Iran poses a threat". Grenell told Bild newspaper. "We are assessing the implications which it might have on our interests", he said, adding it was too early to analyse implications of the U.S. decision on India. Merkel said it was important to maintain a "strong transatlantic partnership" but added: "If everybody does what they like, then this is bad news for the world".

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