Hormuz Strait either for all, or for none: Iranian commander

Investment Bank's logo

Ministers from Britain, China, France, Germany and Russian Federation met their Iranian counterpart in Vienna for the first time since U.S. President Donald Trump left a nuclear accord in May, but diplomats had seen limited scope for salvaging it.

Iran's remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the USA withdrawal and sanctions threat. Washington has since told countries they must stop buying Iranian oil from November 4 or face financial measures.

While the other signatories have vowed to stay in the accord, dozens of European, Russian, and Asian companies have announced plans to pull out of Iran for fear of incurring USA penalties when sanctions are reimposed in November.

Speaking after the meeting between the remaining parties to the nuclear accord, Mogherini, who chairs the talks, read a statement saying all sides would continue to look at ways to salvage the deal, despite the reimposition of USA sanctions.

World powers and Iran appeared to make no concrete breakthrough on Friday in talks to provide Tehran with an economic package to compensate for USA sanctions that begin taking effect in August.

This was extrapolated by U.S. officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.

England’s Stones happy to send ‘dirtiest team’ Colombia home from World Cup
But Stones made a nonsense of Maradona's allegations, saying: "I'd never seen a game like that before and how they behaved". England took the lead early in the second half with Harry Kane successfully converting a penalty .

They said they remained committed to the accord and to building up trade and investment links with Iran, including "the continuation of Iran's export of oil and gas" and other energy products.

The pillars of the European Union's strategy are: European Investment Bank lending, a special measure to shield EU companies from US secondary sanctions, and a Commission proposal that EU governments make direct money transfers to Iran's central bank to avoid USA penalties.

Iran has threatened to withdraw from the deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), if it does not receive enough economic guarantees from Europe.

Iran's President Hassan Rouhani had Thursday told French President Emmanuel Macron by phone that the European offer of economic measures did "not meet all our demands", Iran's state news agency IRNA reported.

"We are trying to do it (economic package) before sanctions are imposed at the start of August and then the next set of sanctions in November". Several major firms - including France's Total and Peugeot, and Russia's Lukoil - have said they are preparing to leave.

Iranians have complained that the hoped-for rise in foreign investment and trade after the deal has not materialised. Rouhani called for a transparent operational program with a specific timetable to compensate for the United States' withdrawal from the agreement. It is unsurprising that the United States is using this as an excuse to issue a bunch of new statements about their military commitment, and is liable to be an excuse for more United States naval operations along the Iranian coast.

Related news:

Hot News

isis-killer-beheading-video-story-top Defending champ Joey Chestnut sets record with 74 hot dogs
Jul 07, 2018 - 03:25
NY native and defending champion Miki Sudo chomped down 37 hotdogs and buns, making her a five time victor of the women's contest. She described her performance as one she'd to improve upon in the future, but Sudo would be the first to admit "a win is a win".

isis-killer-beheading-video-story-top Pompeo arrives in North Korea to hammer out details on nukes
Jul 07, 2018 - 03:19
One hoped-for breakthrough would be the return of the remains of USA troops killed during the 1950-53 Korean War. Mr Pompeo's upbeat mood appeared to continue following the two sides' first meeting, which lasted three hours.

isis-killer-beheading-video-story-top Three suspects charged in 2017 Los Angeles kidnapping of actors
Jul 05, 2018 - 08:16
Three people have been indicted in the kidnappings of actor Joseph Capone and " Halloween: Ressurrection" star Daisy McCrackin . Stewart also cut and disabled Capone's tongue, "put out an eye", and cut his nose, ear and lip, according to the indictment.

isis-killer-beheading-video-story-top David Foster, Katharine McPhee confirm engagement
Jul 05, 2018 - 07:43
Despite the couple's age difference, McPhee is well-liked by Foster's family, who apparently think the two are a fine match. David Foster's daughter, Erin Foster , is poking fun at her dad over his recent engagement to Katharine McPhee .

isis-killer-beheading-video-story-top Much of eastern Canada still under blanket of hot, humid air
Jul 05, 2018 - 04:57
Couillard noted that the weather is expected to cool down by Friday but "we expect to have this kind of episode every year". Toronto's Medical Officer of Health extended the city's heat warning until further notice over the weekend.

isis-killer-beheading-video-story-top Man Utd boss Mourinho unimpressed by 'diver' Maguire in England triumph
Jul 05, 2018 - 04:49
La Celeste are 14/1 to win the tournament and 10/3 to beat France , who are evens to win on Friday, while the draw is 21/10. Manchester United boss Jose Mourinho has taken aim at England's players after they reached the World Cup quarterfinals.

isis-killer-beheading-video-story-top Iran's Rouhani in Vienna to shore up nuclear deal
Jul 05, 2018 - 02:31
The oil company previously announced in November it had plans to expand its capacity to 3.5 million barrels of oil per day. It produced some 2.8 million barrels of oil per day in May, according to the most recent figures released by OPEC.

isis-killer-beheading-video-story-top Trump, Putin set for Helsinki Showdown July 16
Jul 04, 2018 - 02:35
In Moscow, Russian Foreign Ministry spokeswoman Maria Zakharova said it was best not to get too excited about what the summit might yield.

isis-killer-beheading-video-story-top Richard Swift has died, aged 41
Jul 04, 2018 - 02:14
In June, a GoFundMe campaign was started to help Swift with medical costs for an undisclosed life threatening medical condition. Nevertheless, we send out our condolences to Swift's friends, family, fans, and former bandmates in this hard time.

isis-killer-beheading-video-story-top Rutland family seeks help after Bahamas explosion severely injures daughter
Jul 04, 2018 - 02:02
A GoFundMe page set up to help cover medical and travel expenses for the Schaffer family has raised over $100,000 within one day. Brooke and Paul managed to escape the blast with minor injuries, but Stacey also suffered serious injuries in the blast.

isis-killer-beheading-video-story-top Federer opens Wimbledon defence in style
Jul 04, 2018 - 01:59
Also getting their campaigns underway yesterday were five-time women's champion Venus Williams against Johanna Larsson. Cilic will meet the victor of the Jason Kubler and Guido Pella match in the second round.

isis-killer-beheading-video-story-top England end their penalty curse, beat Colombia in petulant game
Jul 04, 2018 - 01:57
Barring one, Colombia has never reached the quarter-finals. "I think it does help that Davinson plays with him at Spurs". However, Sanchez said it would be foolish for Colombia to focus too much on the Tottenham man.

isis-killer-beheading-video-story-top OnePlus 6 Red Colour Variant Launched; Sale Starts From July 16
Jul 03, 2018 - 02:13
Initially, the company has actually launched the Red-color back case with the OnePlus 6 . Long story short, if you like red, then the OnePlus 6 should be on your list.

isis-killer-beheading-video-story-top Michael Cohen's Bombshell "Good Morning America" Interview - Everything You Should Know
Jul 03, 2018 - 02:10
Asked whether Trump had prior knowledge of both events, Cohen demurred, saying that he couldn't comment on advice of his counsel. Hendon, Petrillo and Cohen's team at McDermott did not respond to TPM's Monday requests for comment.

isis-killer-beheading-video-story-top LeBron agrees to four-year deal with Lakers
Jul 03, 2018 - 02:10
If he does, he'll be in line to earn a smidge over $35 million in 2018-19 and then around $38 million the following season. James is now on holiday in Anguilla, dropping $75,000 a week to stay in a luxury mansion while he sorts out his future.