Iran tells European Union to implement guarantees before U.S. sanctions return

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Back on May 8, US President Donald Trump announced Washington's decision to withdraw from the Iran nuclear deal (an agreement made in 2015 between Iran, the UK, Germany, China, Russia, the US and France) as, in his words, the agreement left Iran a possibility to create a nuclear bomb bypassing all the restrictions.

Trump pulled the United States out of the multinational deal under which sanctions on Iran were lifted in return for curbs on its nuclear programme verified by the International Atomic Energy Agency (IAEA).

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

Under the JCPOA, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.

Iranian Foreign Minister Javad Zarif has called on European powers to implement economic measures to protect the 2015 nuclear deal before United States sanctions against Tehran snap back between August and November.

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European Union High Representative for Foreign Affairs Federica Mogherini (C-2ndL); Iranian Minister of Foreign Affairs Mohammad Javad Zarif (C-3rdL); Russian Foreign Minister Sergei Lavrov (2ndR); France's Foreign Minister Jean- Yves Le Drian (3rdL), Chinese Foreign Minister Wang Yi (6thL); Germany Foreign Minister Heiko Maas (L) take part in a Comprehensive Plan of Action (JCPOA) ministerial meeting on the Iran nuclear deal on July 6, 2018 in Vienna, Austria.

Iran is continuing to export oil despite U.S. 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 USA a pretext to attack them.

He said that up to now, the package of incentives proposed to Iran were "disappointing", and that they "lacked an operational solution and a specific method for cooperation, and featured just a set of general commitments".

The bellicose interpretation was virtually universal among U.S. officials and media outlets, and echoed on Thursday when the Iranian Revolutionary Guards praised Rouhani's statement, and said shipping of oil through the Strait was for "all or none".

Trump in May slammed the nuclear accord signed under his predecessor Barack Obama as "horrible" and "defective at its core", earning applause from Iran's regional rivals Saudi Arabia and Israel.

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However, he warned that if the European sides fail to properly fulfill their commitments, Iran would take its own measures to counter the U.S. withdrawal from the JCPOA.

If Iran can not sell its oil due to US pressure, then no other regional country will be allowed to do so either, Jafari was quoted as saying by Tasnim news agency.

The rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

"We want to make it clear to Iran today that it still has economic benefits from this agreement", Maas told reporters.

The most punitive of the secondary U.S. sanctions is expected to snap back in November.

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