UK, France, Germany To Discuss Shielding Firms After US Exits Iran Deal

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Former Defense Secretary Robert Gates said while the Iran deal was "a flawed agreement" because of a lack of unfettered inspections and other problems, leaving the deal isolates the US and Trump should have extended it for at least another six months to work with allies. "They were trying to take over the Middle East by whatever means necessary". In the past, the European Union has also lodged complaints at the World Trade Organisation.

Last week, US President Donald Trump said that the US would withdraw from the Iran nuclear deal, a landmark agreement signed in 2015.

Bolton, asked whether the United States might impose sanctions on European companies that continue to do business with Iran, told CNN, "It's possible".

Advisor to the President for national security John Bolton explained that the U.S. allow the introduction of sanctions against companies from the European Union, which, after the exit of Washington from the deal on the Iranian atom will continue to do business with Iranian entities.

German leader Angela Merkel also told Trump on a visit to Washington late last month that the nuclear deal was insufficient in itself to curb Iran's ambitions in the region.

Concluding that "America stands with the long-suffering people of Iran", Trump added, "Great things can happen for Iran". Iran responded by firing missiles at Israeli military outposts in the Golan Heights.

The flurry of activity between the European signatories of the 2015 accord with Iran reflects the lack of an alternative to the deal. A direct war between Israel and Iran has already started.

EU leaders aim to show a united front on preserving the Iran deal when they meet for a pre-summit dinner in Sofia on Wednesday, European Council President Donald Tusk said.

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Trump cast the agreement into jeopardy a week ago when he abruptly pulled the U.S. out.

The current position of the US however, not only puts it at odds with its former European allies, but can actually strengthen its global imperialist rivals, Russian Federation and China. When the United States unilaterally abrogates an global agreement in the absence of any breach, we undermine worldwide perceptions of our reliability and responsibility.

"Remember how badly Iran was behaving with the Iran Deal in place", he said. China is the biggest buyer of Iranian oil. "We will continue our bilateral relations in all fields, including energy, transportation, high technology".

According to Asa Fitch, reporting in The Wall Street Journal, the simmering anger voiced by protesters is being stoked by Tehran's corrupt and politically-empowered elite who are siphoning off Iran's wealth. So they are not seeing so much benefit from Iran that they would be willing to risk sanctions. "But as it is now, at least for the time being, we're the country that's isolated".

The Iranian government has a large budget and huge assets.The most important part consists of large funds given to military and religious institutions inside the country and war expenditures in Syria, Lebanon, for Hamas, Yemen, etc.

She also noted that all remaining parties had agreed to find practical solutions over the coming weeks, including continuing to sell Iran's oil and gas products, maintaining effective banking transactions and protecting European investments in Iran.

First published at the Alliance of Middle East Socialists website.

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