Iran official says Europe has 60 days to give nuclear 'guarantees'

Iran official says Europe has 60 days to give nuclear 'guarantees'

Trump denounced the accord, completed under his predecessor Barack Obama, as a "horrible, one-sided deal that should have never, ever been made" as it did not cover Iran's ballistic missile programme or its role in Middle East conflicts.

US President Donald's Trump's decision to abandon the nuclear deal has infuriated Washington's allies in Europe as well as China and Russian Federation.

Zarif later told a joint news conference with Lavrov that "the final aim of these negotiations is to seek assurances that the interests of the Iranian nation will be safeguarded".

European firms, especially those from France and Germany, rushed to invest in Iran following the 2015 agreement, under which Tehran agreed to freeze its nuclear programme in return for the repeal of punishing worldwide sanctions.

"In the years since the deal was reached, Iran's military budget has grown by nearly 40 percent, while its economy is doing very badly", Trump said during the speech.

New Zealand businesses would suffer if the government gave in to threats from the United States over sanctions on dealings with Iran, Iran's ambassador to New Zealand says.

In a tweet on Sunday, Trump wrote: "Remember how badly Iran was behaving with the Iran Deal in place".

Media captionAnalysis: What's next for the Iran deal?

"Unfortunately once again we see that Washington is trying to revise key global agreements as it happens to Joint Comprehensive Plan of Action, as it happens to Jerusalem (al-Quds) problem and a number of other agreements", the top Russian diplomat said.

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The EU's energy commissioner is also traveling this week to Iran to discuss strengthening European energy support to Iran.

European signatories have undertaken a flurry of diplomatic activity to try to protect trade deals worth billions. "This is why we need to cooperate in protecting our legitimate interests".

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, on May 15, 2018.

However, he added the USA "sanctions regime that is now in place is very clear about what the requirements are", hinting that Washington is prepared to go after European companies and allies if they try to continue to do business with Iran. "Europeans are going to face the effective USA sanctions, already are really, because much of what they would like to sell to Iran involves USA technology, for which the licenses will not be available".

The White House has already began a fresh push to put pressure on Iran and Washington's European allies.

"If the government of New Zealand obeys any sanction against Iran, it is not sanction against Iran it is a sanction against the New Zealand companies", Mr Mianji said.

On May 8, U.S. President Donald Trump announced his decision to withdraw his country from the Iran nuclear deal, saying "it was defective at its core".

This article has been adapted from its original source.

"If the regime continues its nuclear aspirations, it will have bigger problems than it has ever had before", President Trump said on May 9.

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