UK, EU partners 'firmly committed' to Iran nuclear deal: May

Vanessa Beaulieu
Mai 12, 2018

French foreign minister Jean-Yves Le Drian stressed the importance of protecting Israel's security but urged a "new path" of negotiations with Iran to calm tensions. From the very beginning, I said this was a flawed, weak deal that serves the interests of bad actors in Iran at the expense of our own. "If we're forced to reduce, we will. Iranian is not the only crude".

"Do we Europeans want to be vassals standing at attention to obey the decisions of the United States?" It was not perfect, but it was a well-thought-out plan to prevent the build-up of a nuclear arsenal in Iran. This assumes that waivers are provided like they were last time sanctions were imposed.

Russia and Iran sought to strengthen their business ties long before the 2015 agreement, despite international sanctions in place. Over the past decade, U.S. law enforcement has repeatedly used the U.S. dollar's status as the dominant currency for global financial transactions to prosecute foreign-based companies that execute dollar-denominated transactions that violate U.S. law. With EU leaders intent on working with Iran to preserve the JCPOA without US participation, the elephant in the room remains the EU's scepticism about opening up its markets to China.

"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added. "Near-term oil market risk is to the upside, in our opinion", said Barclays.

Airbus, which won a bumper order with IranAir along with Boeing, said it needs time to study the Trump decision.

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Moreover, the unplanned plunge in Venezuela's oil output has already led to an over-achievement of OPEC's production cut targets.

The Treasury Department said it took joint action with the United Arab Emirates against nine Iranian individuals and entities involved in the network, and threatened sanctions against any other companies that help those nine. This will add additional pressure on OPEC.

Bank of America expects global oil supply and demand balances to tighten, driven by the ongoing collapse in Venezuelan production, and a potential decline in Iranian crude oil exports, as Asian customers look for alternatives to avoid Trump's displeasure.

Igor Delanoe said that Russia had a "real role to play" in Iran's energy and electricity sectors.

Meanwhile, the annual inflation rate in the U.S. edged up to 2.5 percent in April from 2.4 in March, matching market expectations. That figure could jump higher depending on where oil prices go. Brent hit $78 a barrel, its highest since November 2014, the previous day.

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