White House Open to Sanctioning European Companies That Do Business With Iran

Airbus may take a bigger hit than Boeing from President Donald Trump's decision to reimpose sanctions on Iran

Iran's foreign minister is due to land in Brussels later Tuesday on the final leg of a global tour rallying diplomatic support for the country's nuclear deal after the Trump administration's abrupt withdrawal.

Following talks with his Chinese counterpart, Wang Yi, Mr Zarid said: "We hope that with this visit to China and other countries we will be able to construct a clear future design for the comprehensive agreement".

Mogherini said "the aim" is to see how Iran and the Europeans "can coordinate actions" in order to preserve the deal.

So far, China, France, Russia, Britain, the European Union and Iran remain in the accord, which placed controls on Iran's nuclear program and led to a relaxation of United States economic sanctions against Iran and companies doing business there.

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"I am hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behavior, " Pompeo said. "Our talks (with the E3) will continue in the next two weeks", he said, referring to Britain, France and Germany.

When he quit the deal last week, US President Donald Trump gave businesses a maximum of six months to wind up operations in Iran or face swingeing penalties under American sanctions.

The Joint Comprehensive Plan of Action (JCPOA), known as the deal on Iran's nuclear program, was signed between Iran and six worldwide mediators (the United Kingdom, Germany, China, Russia, the United States, and France) on July 14, 2015. Under the deal, Iran undertakes to curb its nuclear activities and place them under total control of the International Atomic Energy Agency (IAEA) in exchange for removal of the sanctions imposed previously by the United Nations Security Council, the European Union and the United States over its nuclear program.

Zarif was in Moscow to meet Russian Foreign Minister Sergei Lavrov on Monday, a day after visiting leaders in Beijing.

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They include retaliatory sanctions, allowing the European Investment Bank to invest directly in Iran and co-ordinating euro-denominated credit lines from European governments. If the United States punishes European companies for doing business with Iran, foreign companies will likely walk away from Iran.

Maas said the Europeans wanted to wanted to ensure that Iran would continue to abide by the rules and restrictions of the nuclear agreement.

"I would like to point out that Russian Federation and other participants in the deal - China and the European countries - also have their legitimate interests enshrined in this agreement", he added.

A number of voices in Iran have suggested the deal is unlikely to survive.

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There should be only one government, which has been elected through the constitutional process'. Sharif was Pakistan's prime minister from 1990-93, 1997-99 and then from 2013-2017.

Despite the USA exit, Britain and Iran expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

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