US Warns European Businesses on Sanctions If They Do Business with Iran

Iran Nuclear US

Mr Johnson said the United Kingdom remained "fully committed" to upholding the agreement amid concerns that sanctions will also damage European business interests.

Washington's top diplomat Pompeo later said the USA was looking to thrash out a new wide-ranging deal with Europe "that achieves the outcomes that protect America".

According to Ms Mogherini, the deal is capable of surviving without United States support as long as Iran continues to agree to stand by it.

As those sanctions kick in, it will have an even broader effect as well, Bolton said. Trump's decision could also have implications for the Iran-Pakistan gas pipeline project, which has so far probably not taken off due to fear of U.S. sanctions.

The flurry of activity between the European signatories of the 2015 accord with Iran reflects the lack of an alternative to the deal. "They were trying to take over the Middle East by whatever means necessary".

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 visit to Washington last month.

A number of top Iranian officials and politicians have threatened in the past week to restart the country's nuclear program following Trump's decision to leave the deal.

Mr Johnson revealed on Monday that he would discuss ways to protect them during a meeting with fellow foreign ministers from France and Germany on Tuesday.

The French finance minister said he pushed U.S. Treasury Secretary Mnuchin this week for three things: exemptions for French companies operating in Iran; or the application of a so-called grandfather clause for deals struck in Iran since 2015; or an extension of the 90-day period to wind down operations in Iran.

Part of the flaw with the Iran deal that President Trump rejected was it enticed Europe and the U.S. into economic relations with Iran that would work against holding the country accountable for violations of the agreement, Bolton said.

It has also raised speculations about the withdrawal's negative impact on the forthcoming meeting between Trump and North Korea's young leader, Kim Jong-un, to discuss the "denuclearization" of the Korean peninsula.

Tehran's chief diplomat embarked on the tour as regional tensions spiked just days after unprecedented Israeli strikes in Syria which a monitor said killed at least 11 Iranian pro-regime fighters, triggering fears of a broader conflict between the two arch-enemies.

Mohammad Ali Jaafari, head of the Revolutionary Guards, said the country could not rely on the West.

Ominous was the response of Jean-Claude Juncker, president of the European Commission, who was quoted as saying the U.S. "no longer wants to cooperate with other parts in the world", and that it is now turning its back on multilateral relations "with a ferocity that can only surprise us".

Since then, however, the United States has relied on diplomacy rather than bombast in handling the North Korean nuclear threat - an approach that has enabled recent progress.

Tehran has said it wants guarantees that the economic benefits the deal brought will continue if it is to stick with it and Zarif warned he expected to see progress "within the next few weeks".

Mogherini said European Union experts were aiming to come up with concrete proposals in the coming weeks on nine key issues including ensuring Iran could sell its oil and gas products and have access to worldwide finance. In a separate interview on CNN's "State of the Union, " he said Iran's economic condition is "really quite shaky, " so the impact of sanctions "could be dramatic".

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