Iran tells European Union to implement guarantees before USA sanctions return

Iran tells European Union to implement guarantees before USA sanctions return

Iran tells European Union to implement guarantees before USA sanctions return

Washington has since told countries they must stop buying the OPEC producer's oil from November 4 or face financial consequences.

Iran is continuing to export oil despite USA attempts to prevent them from doing so, and there is no reason to think they're suddenly going to commit a series of acts of war in the Strait of Hormuz just to give the U.S. a pretext to attack them.

"The participants recognized that, in return for the implementation by Iran of its nuclear-related commitments, the lifting of sanctions, including the economic dividends arising from it, constitutes an essential part of the JCPOA", Mogherini said.

European Union foreign policy chief Federica Mogherini reads a statement after a meeting in Vienna, Austria, on July 6, 2018.

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Iran's remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the U.S. withdrawal and sanctions threat.

Speaking earlier in the day, France's foreign minister said that world powers would struggle to keep to that deadline. They have reiterated their commitment to the nuclear deal on numerous occasions, and vowed to prevent the accord from crumbling. "For the start August it seems a bit short, but we are trying to do it by November", he was quoted by Reuters news agency as telling a French radio station.

German Foreign Minister Heiko Maas conceded that "we won't be able to compensate for all the effects of enterprises withdrawing from Iran because they see their American business interests threatened by the sanctions". He stressed hat world powers would struggle to compensate Tehran for companies leaving Iran.

Addressing a group of veteran IRGC forces, General Jaafari said the great achievements made during Iran-Iraq eight years of sacred defense should be regarded as a memorable experience for all eras and in our efforts to address national crises and it will enable us to overcome big challenges.

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The US sanctions would include a universal ban on Iran over buying or acquiring US dollars as well as restrictions over purchases of crude oil from the country and investing in its oil sector projects. "It's also not just about what the Europeans can do, but also how the Chinese, Russians, Indians, others can contribute", said a senior European diplomat.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt, and that Tehran still has access to the SWIFT worldwide bank payments messaging system or an alternative.

Iran has warned that it may walk away from the deal unless other signatories "guarantee" that it will continue to benefit. He promised to reinstate the previous anti-Iranian sanctions and even impose tighter ones.

However, hopes of success were clouded after Iran's President Hassan Rouhani told French President Emmanuel Macron on Thursday that the European economic measures on the table did not go far enough.

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USA commanders are issuing a flurry of statements Thursday promising to use military force to ensure "freedom of navigation" in the Strait of Hormuz.

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