With few options, Iran and Europe try to save nuclear deal

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Iranian Foreign Minister Mohammad Javad Zarif says Russian Federation has confirmed its preparedness to respect the seven-party nuclear agreement reached in 2015 despite the United States pullout.

In talks with his counterparts from Britain, France and Germany, Pompeo "highlighted the good work that we have done over the past several months to address our common threats and said that he is hopeful we can continue strong cooperation moving forward", the State Department said.

President Donald Trump's decision to withdraw from the 2015 nuclear deal risks exposing European countries that have since invested in Iran to renewed USA sanctions after "wind-down" periods of three to six months expire.

Iran's Foreign Minister Mohammad Javad Zarif attends a meeting with European Union foreign policy chief Federica Mogherini at the EU Council in Brussels, Belgium, May 15, 2018.

Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the Persian Gulf country.

Iranian women gather during a protest against US President Donald Trump's decision to walk out of a 2015 nuclear deal in Tehran Iran

The US withdrawal from the Iran deal has upset Washington's European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.

Britain has informed the United States that they remain firmly committed along with their European partners to maintain the Iran Nuclear Deal.

Donald Trump withdraws America from the 2015 Iran deal.

Israel and its allies have blamed Iran's Revolutionary Guards for initiating Thursday's exchange by launching missiles into the occupied Golan Heights.

The West of England Club said any activity would have to stop the moment any entity that's dubbed a Specially Designated National by the U.S. Treasury's Office of Foreign Assets Control is re-added to a secondary sanctions list.

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The remaining signatories to the deal-UK, France, Russia, China and Germany-have said that they will continue to enforce the deal. Most of Iran's 30 lenders were not profitable a year ago and are now selling non-core assets to build defensive positions.

She conceded that "it is certainly anything but ideal" and acknowledged that there are many other issues of concern with Iran.

Le Drian said the new sanctions regime would also affect the United States and that Europeans would "put in place the necessary measures to protect the interests of our companies and start negotiations with Washington" on the matter.

A former Ambassador to Iran told Tom Swarbrick the Iran deal was "deliberately kept narrow", and that it had served its goal. But should Tehran argue that US sanctions-which are, after all, a serious violation of the agreement-are strangling investment in Iran, then it could drop out of the agreement all together and still claim that the United States is to blame.

"We all agreed that we have a relative in intensive care and we all want to get him or her out of intensive care as quickly as possible", European Union foreign policy chief Federica Mogherini told reporters after the 90-minute meeting.

In a Sunday statement, the Assembly of Expert underlined that Iran's diplomatic apparatus put hard efforts into preserving the JCPOA but in some cases it crossed the red lines set by Leader of the Islamic Revolution.

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Many of those firms fear their business ties with the USA could be at risk if they continue to do deals with Iran past a November deadline. "It's clear that there should also be economic incentives - that will not be easy after the US decision", Maas said.

Iranian President Hassan Rouhani is seen on Tuesday.

Ultimately, it is up to Iran to decide whether to accept the agreement with limited benefits or imitate US and depart.

But she emphasised that numerous problems began long before Trump's move last Tuesday.

Iran's Supreme Leader Ali Khamenei has already said that Israel won't exist in 25 years if it continues to destabilize the region.

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Each company and bank will have to decide whether to risk being cut off from the USA financial system.

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