Iran Foreign Minister Sets Off On Tour To Save Nuclear Deal

"China will firmly safeguard multilateralism and worldwide agreements", said Wang Yi, before vowing that China, as one of the six signatories, will fully implement the Iranian nuclear deal, Xinhua reports.

"We have started an intensive process [and] the economic benefits inside the JCPOA should be preserved for Iran", Zarif said.

"[But] if the nuclear deal is to continue, the interests of the people of Iran must be assured".

Russian Federation and a number of other countries have legitimate interests in the Iranian nuclear deal and they must be jointly defended, Lavrov said.

There was no press conference following the Lavrov-Zarif talks in Moscow. And the consequences of American sanctions go well beyond goods shipped by American companies, because of our technology licenses to many other countries and businesses around the world, Bolton said.

The International Atomic Energy Agency (IAEA) has repeatedly confirmed that Tehran has been meeting its nuclear commitments fully.

Since the publication of the May STEO, the United States announced that it would withdraw from the Joint Comprehensive Plan of Action with Iran.

Iran has expressed its opposition to Trump's move.

The sanctions will target critical sectors of Iran's economy, including petrochemicals, energy and finance. That's up from 2.9 million barrels per day in January 2016, when the nuclear deal took effect. Before that, technical officials meet in Jeddah, Saudi Arabia, on May 22-23 when the issue of whether extra barrels are needed to offset any Iranian loss will likely come up, the second source said.

In the CNN interview, Bolton did not respond directly when asked whether Trump might seek "regime change" in Iran, or whether the USA military would be ordered to make a preemptive strike against any Iranian nuclear facility.

Some analysts, however, accused him of doubling down on hawkish policies towards Iran.

European governments tried for months to persuade Trump to stick with the deal but failed, and now fear it will raise the risk of conflict in the region.

Earlier in the week, France, Germany and the United Kingdom expressed "regret and concern" over the US' withdrawal. Kerry has suggested that the United States leaving the JCPOA would lead Kim Jong Un to conclude that any agreement reached with a U.S. president could be thrown out by his successor. This, along with its diplomatic moves to orchestrate an end to the conflict, has put Moscow at loggerheads with the USA and Europe, which have intervened against the regime. The catch 22 has kept global oil prices on the bearish side because of the ample supplies.

Zarif is in Brussels on the final leg of a diplomatic tour to save the 2015 nuclear deal after the recent USA withdrawal from the pact. "They have to meet somewhere in Europe".

Iran's Supreme Leader Ayatollah Ali Khamenei has called the U.S. withdrawal "impudent" and "worthless".

The deal is set to expire at the end of 2018, but the Bank of America analysts said that OPEC and Russian Federation are likely to continue working together to prevent prices from falling. "It depends on the conduct of other governments".

But the most stinging result of America's decision to pull out of the Iran deal could be the birth of a new war in the Middle East. Iran, which would be under no restrictions to not follow a nuclear program, has vowed to scale up its preparations of uranium enrichment if the deal collapses.

(Copyright © 2015. All Rights Reserved.)
 
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