Iran, major powers labour to keep nuclear deal afloat

Posted September 30, 2018

Iran's President Hassan Rouhani said Wednesday his country doesn't want a war with the United States and believes America will "sooner or later" support the Iran nuclear agreement again following the Trump administration's withdrawal.

The plan, announced late Monday at the United Nations on the sidelines of the General Assembly, calls for the creation of a "Special Purpose Vehicle" (SPV) to enable companies in the European Union to make payments for Iranian exports such as oil. "Perhaps on this path we will sustain certain pressures, but certainly the United States will not reach its objective".

Saudi Energy Minister Khalid al-Falih told reporters in Algiers that he does not influence prices.

Speaking in a meeting with British Prime Minister Theresa May on Tuesday in New York, President Hassan Rouhani referred to the United States' illegal withdrawn from the worldwide agreement of the JCPOA, saying, "We should work hard to deepen cooperation and consultation to achieve an appropriate practical framework for maintaining and fully implementing this agreement, especially in economic sectors".

He also condemned the plan as "one of the most counterproductive measures imaginable". "They spend billions of dollars committing terror acts around the world and they don't take care of their people", Pompeo said.

More news: Prosecutor to Ford: I'm 'Very Sorry' You Feel 'Terrified'

In a joint statement, along with Russian Federation and China, the European Union said it will assist "reassure economic operators pursuing legitimate business with Iran".

UAE Minister of State for Foreign Affairs Anwar Gargash told Reuters at the United Nations General Assembly he was concerned by the public differences between the remaining European signatories to the accord - France, Britain and Germany - and the United States.

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.

Under the deal, officially known as the Joint Comprehensive Plan of Action, Iran agreed to limit its nuclear program in exchange for the lifting of global sanctions.

Trump considered it flawed because it did not include curbs on Iran's ballistic missiles program or its support for proxies in Syria, Yemen, Lebanon and Iraq.

More news: Boyfriend Who Filed Restraining Order Against Third Kavanaugh Accuser: 'She's Not Credible'

"For years there has not been a leader on the world state that understands the Middle East, deals with the Iranian threat and lays down red lines for [Syrian President Bashar] Assad", he added, according to Times of Israel.

"We do not wish to increase tensions - none of the above".

Later in the day, Special Representative for Iran Brian Hook told a press conference in NY that the private sector across the world has understood the US' sanctions message very clearly and "that's why major companies from Europe to Asia are getting out of Iran and terminating business".

France, UK, and Germany risk angering the United States after agreeing with Russian Federation and China as well as Iran to establish a new financial mechanism within the European Union to assist and reassure economic operators pursuing legitimate business with Iran including its oil exports.

More news: Yale Law Professors Cancel Classes over Kavanaugh