Major powers, Iran meet to salvage nuclear deal without U.S.

Pauline Gross
September 25, 2018

Reports of the "ghost ships" come as President Trump and Iranian President Hassan Rouhani were both in NY for the annual United Nations gathering.

Iran's economy is already suffering from the sanctions that Washington re-imposed after walking away from the nuclear agreement, and the US has threatened to punish companies from other nations that continue doing business with Iran.

Earlier this year, President Donald Trump pulled the USA from the 2015 Iran nuclear deal and re-imposed sanctions. On Thursday, Trump called on OPEC to lower prices, after benchmark Brent oil reached $80 a barrel, mainly stemming from a decline in exports from Iran, because of fresh USA sanctions.

Remaining parties to the Iran nuclear deal have promised to establish a "special goal vehicle" to facilitate payments related to Iran's exports as part of efforts to salvage the Joint Comprehensive Plan of Action after the US' withdrawal.

The statement said that the participants also "welcomed the fact that updates to the EU's "Blocking Statute" and the European Investment Bank's external lending mandate to make Iran eligible entered into force on 7 August".

The meeting between the remaining parties to the Iran nuclear deal came after bilateral talks between Zarif and Mogherini, during which the latter said Europe is finalizing its offers to meet the Islamic Republic's demands in a bid to save the JCPOA. On Wednesday, he is scheduled to host a meeting of the U.N. Security Council that was originally scheduled to focus on Iran but has since been broadened to a discussion of nonproliferation.

Foes for decades, Washington and Tehran have been increasingly at odds since May, with some US officials privately calling for regime change in Iran.

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"Market is still open for us, and we are now exporting oil".

"Rouhani can not take such a risk because, after Trump's withdrawal from the deal, his hardline rivals are in a stronger position in Iran", said an Iranian official.

"An essential part of the agreement and its implementation regards Iran having the possibility of benefiting from the lifting of sanctions, and this is exactly why we are discussing tonight, operational concrete steps that we can put in place", Mogherini told reporters before the talks at the United Nations. The US maintains a fleet in the Gulf that protects oil shipping routes.

Iran curbed its nuclear activities in exchange for sanctions relief in the 2015 nuclear accord.

"Iran has good arguments and good reasons to remain in the agreement. the more operational decisions we will manage to take and. implement, I believe the more Iran will have reasons to do", she added.

Iranian President Hassan Rouhani delivers a speech during the annual military parade marking in Tehran, Iran September 22, 2018.

Other reports by GizPress

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