USA wants to work with Europeans on new Iran deal: Pompeo

Europe Moves to Safeguard Interests in Iran After US Pullout

Chinese State Councilor and Foreign Minister Wang Yi (R) holds talks with Iranian Foreign Minister Mohammad Javad Zarif in Beijing, capital of China, May 13, 2018.

Meanwhile, Iranian Foreign Minister Mohammed Javad Zarif had embarked over the weekend on a tour of Iran deal signatory nations in an attempt to save the agreement.

President Trump pulling out of the nuclear deal and Iran's missile exchanges with Israel are just ramping up the pressure in a country that's already dangerously close to boiling point.

Federica Mogherini said the ministers shared a willingness to "arrive at practical solutions" for keeping the 2015 deal going despite the decision of U.S. President Donald Trump to abandon the agreement.

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 program in return for the repeal of punishing worldwide sanctions.

Calling the accord as an "embarrassment" that was "defective at its core", Trump also warned of severe consequences if Iran resumes its nuclear programme.

The rally is being driven by looming USA sanctions against major oil producer and OPEC-member Iran which threaten to drive prices even higher over the near-term as traders prepare for an even tighter supply situation.

France's foreign minister had said on Friday he had asked for exemptions or longer grace periods for the exit of French companies such as oil-and-gas giant Total SA and vehicle maker Peugeot SA that have returned to the Iranian market since the 2015 nuclear accord.

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Speaking during a visit to London, French Foreign Minister Jean-Yves Le Drian also condemned as "intolerable" comments by Chechen leader Ramzan Kadyrov after a knife-attack in Paris on Saturday.

They might help shield European businesses from United States penalties but have never been used.

In recent months, US and European diplomats have agreed on ways to constrain Iran's missile program and discussed how to strengthen inspections of Iran's nuclear program.

Bolton said Europe was still digesting Trump's move last week.

National security adviser John Bolton on Sunday downplayed his past support for regime change as the Trump administration takes a more aggressive approach toward Iran.

With President Donald Trump junking the landmark nuclear deal with Iran, the USA will now reimpose the stringent sanctions it placed on Tehran before the 2015 agreement and is considering new penalties, the United States media reported today.

"I am hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behavior", Pompeo said.

He added that we would not speculate on steps that might lead to a military strike. The head of the Liberal faction in the European Parliament, Guy Verhofstadt, said that the new American leader was one of three - along with radical Islam and the Russian president Putin - threats that undermine the EU.

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