How will the Iran deal collapse impact crude prices

US sanctions threat against Iran may hit SA hard

"The deal and the lifting of sanctions in 2015 marked the return of European business to Iran".

Reuters reported on Thursday that Trump has "all but decided" to withdraw, and to allow nuclear-related sanctions on Iran that were suspended under the nuclear deal to snap back into effect.

President Trump last Tuesday followed through on his threat to pull out of the Iran nuclear deal - ignoring pleas from allies, nuclear nonproliferation experts, Republican lawmakers and some members of his own national security team.

"Tomorrow in Brussels, we are going to have a conversation about what we can do to help United Kingdom firms and help European firms have confidence that they can still do business".

Iran's Foreign Minister Mohammad Javad Zarif left for Beijing from Tehran on Sunday for talks on the 2015 nuclear deal following United States President Donald Trump's decision to abandon the agreement.

Pompeo, who is barely a fortnight into his new job, told Fox News on Sunday that he had been tasked by the president "to work to strike a deal that achieves the outcomes that protect America". That would be the diplomatic equivalent of a slap in the face.

But bluster and Iran-bashing will not get us to a better future.

If the nuclear agreement with Iran did not deter it from spreading terrorism and chaos and from entering Arab lands and supplying militias with weapons and ballistic missiles and if Iran does not trust Europe, then what is the point of this deal?

Iran FM Meets Mogherini as Part of Efforts to Save Nuclear Deal
Juncker is set to jet off to Sofia, Bulgaria, for a working dinner with EU leaders on the eve of the EU-Western Balkan summit.

Iran President Hassan Rouhani said he has instructed his nuclear agency to be prepared to resume enriching uranium to industrial levels. Trump accused Iran of complicity in terrorism and the desire to continue developing nuclear weapons. "That work is not going to be for nothing", a State Department official 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. "We believe that today China is on our side", he said.

"I think the Europeans will see that's in their interest ultimately to go along with this", he said.

Trump and Prime Minister Benjamin Netanyahu believe they fueled the argument for a United States withdrawal this week after Israel unveiled a cache of Iran's nuclear-weapons files, obtained in a Mossad raid in Tehran earlier this year.

In Tuesday's meetings, Europe and Iran sought to preserve the landmark agreement.

In his television appearance Sunday, Mr. Pompeo also expanded on his comments Friday that the US would help North Korea achieve economic prosperity if it gave up its nuclear arsenal.

Though Europe will do its best to keep the deal afloat and convince Iran to uphold its commitment without the United States, O'Sullivan said: "I very much doubt it will be possible to reinstate anything like that global consensus [in the JCPOA] given that it is the United States walking away from a deal that Iran agreed to".

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