Briefly: Nuclear deal parties lay out plan to stand up to US

Briefly: Nuclear deal parties lay out plan to stand up to US

Briefly: Nuclear deal parties lay out plan to stand up to US

"EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue trade with Iran", Mogherini said on Monday night.

The European Union and Iran, along with Russian Federation and China, said they were determined to "protect the freedom of their economic operators to pursue legitimate business with Iran" in a statement issued after high-level talks at the United Nations.

Mrs Mogherini added that the remaining members of the nuclear deal, formally known as the Joint Comprehensive Plan of Action, would also maintain their commitments to support Iran on civilian nuclear energy.

Appearing alongside Iranian Foreign Minister Mohammad Javad Zarif at the UN, European Union foreign policy chief Federica Mogherini read out a joint ministerial statement following a meeting with the foreign ministers of France, Germany, Britain, China and Russian Federation.

The latest industrial action by oil truckers in Iran comes less than two months after the first set of USA sanctions on Iran snapped back, and just six weeks before the second round of sanctions, including on Iran's key revenue source-oil exports-kick in.

On Sunday, Pompeo and ambassador Haley gave interviews on U.S. media in which they both mentioned that Trump was not averse to meeting Iran's rulers.

The European Union until now had faced difficulties devising a workable legal framework to shield its companies from USA sanctions that go into effect in November.

The other parties to the 2015 nuclear deal - Britain, France, Germany, China, Russia, and Iran - are eager to keep alive the deal, known as the Joint Comprehensive Plan of Action, while hoping to avoid U.S. punishments for not complying with the sanctions.

It was spearheaded by the Obama administration and saw the lifting of global sanctions.




Meanwhile, Iran's elite Revolutionary Guards also kept up the anti-Washington rhetoric, calling Trump "evil and adventurous" and accusing him of waging economic war on Tehran, Reuters reported.

Earlier this year, President Donald Trump pulled the USA from the 2015 Iran nuclear deal and re-imposed sanctions.

The EU, US allies, and the worldwide nuclear watchdog, IAEA, maintain that Iran continues to abide by the terms of the agreement.

Speaking to reporters after the meeting, European Union foreign policy chief Federica Mogherini said the decision to set up such a vehicle had already been taken and that technical experts would meet again to flesh out the details.

"The key is to keep all possibilities open so that we can signal to the Iranians that the door isn't closing", said a senior French diplomat.

Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Middle East Monitor reports, quoting the Anadolu Agency and local media.

Rodger Shanahan, a research fellow at the Lowry Institute for International Policy, called the European Union agreement "a poke in the eye for the US". Haley told ABC's This Week that if Rouhani asked for a meeting "I think the president would strongly consider it".

"They have been quite upset about going against worldwide norms of pulling out of the agreement".

"So the Europeans want to try and save the agreement and they're seeing this as really the last chance".

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