Thursday, 24 May, 2018

Will Trump turn out to be right about Iran?

After lengthy negotiations and tight oversight by the Obama administration Boeing in December 2016 announced a landmark agreement to sell Iran Air 80 aircraft valued at $16.6 billion WashPost: Boeing, Airbus Will Lose $39 Billion After Iran Deal Withdrawal
Russell Knight | 15 May, 2018, 14:00

The U.S. could sanction European businesses that work with Iran, national security adviser John Bolton told CNN's Jake Tapper on Sunday.

Russian Foreign Minister Sergei Lavrov (left) and his Iranian counterpart Mohammad Javad Zarif met last month in Moscow.

Following President Trump's decision to withdraw from the Iran Nuclear Deal, the United States has reimplemented heavy sanctions against Iran, including on six individuals and three companies the administration says has channeled millions of dollars to the Iranian Revolutionary Guard's elite Qods Force.

The United States plans to re-introduce sanctions against Iran, which produces around 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 that limited Tehran's nuclear ambitions in exchange for removing U.S. -Europe sanctions.

It called on the other parties to the agreement - especially Britain, France and Germany - to safeguard the accord, adding that no provisions or timeframes in the 2015 agreement "are negotiable in any manner".

Crude oil prices settled lower today, easing off three-and-a-half year highs, but completed back-to-back weekly gains, sparked by uncertainty over how much oil the global market will lose following the us decision to reimpose sanctions on Iran.

Former Defense Secretary Robert Gates said while the Iran deal was "a flawed agreement" because of a lack of unfettered inspections and other problems, leaving the deal isolates the USA and Trump should have extended it for at least another six months to work with allies.

Trump, who said he will restore US sanctions on Iran, has now fulfilled another of his election promises on foreign relations.

Zanganeh said foreign investment was needed to develop Iran's its oil industry, but that it could survive even if foreigners chose to stay away for fear of US penalties.

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Those who appreciate the notion of opportunities existing in any conflict would presumably be buoyed to learn that sanctions against Iran could be good news for China's yuan, because it would give that country, which is the world's largest importer of crude, leverage to demand that imports be priced in that currency, according to experts.

There was no direct evidence in Netanyahu's presentation that Iran violated the deal after signing it.

Our country has money, we have missiles, but our greatest strength has been our honor. Obama notes that the prohibition on Iran obtaining nuclear weapons is permanent and other provisions that do expire won't for 10 to 25 years.

However, Iran remains upbeat on its oil production and supply abilities despite that development.

It will particularly Iran's Hardliners who were against entering any sort of agreement with the US.

The executive vice president of investment management firm PIMCO, Greg Sharenow feels that this move by President Trump is going to hurt the end consumer in the US.

The pact's signing had been planned for long time, but the move coincides with the USA move to re-impose sanctions against Iran that have rattled US allies.

German Foreign Minister Heiko Maas said of EU-US relations: "We are prepared to talk... but also to fight for our positions where necessary". "We have to be able to go into their military bases to see whether or not they´re cheating", he said.

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