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The US, Iran, and the JCPOA — Closing the deal

15 May 2018, 02:09 | Azura Castelo

The US, Iran, and the JCPOA — Closing the deal

The US, Iran, and the JCPOA — Closing the deal

THE United States' top diplomat said Sunday Washington still wants to work with its European partners on an agreement to counter Iran's "malign behaviour" as President Donald Trump justified his decision to withdraw from the landmark nuclear deal. First proposed by Khamenei in 2012, this approach relies on import substitution and favors domestic over foreign investment, in an effort to reduce Iran's reliance on Western economies and strengthen its resilience against international sanctions.

On Iran, Bolton responded to a question from ABC News' Chief Global Affairs Correspondent and This Week Co-Anchor Martha Raddatz about the reaction of European allies to Trump's pulling the U.S. out of the nuclear agreement last week. Trump has long been a critic of the Joint Comprehensive Plan of Action (JCPOA).

Brent crude LCOc1 settled down 35 cents at $77.12 a barrel, just below the $78-level hit on Thursday, its highest since November 2014.

Indeed, the entire world outside the US (and Israel, of course) has now decided to go on with the deal. Elsewhere, Japan and South Korea - currently importers of Iranian crude oil - have to side with the US now that President Trump is close to finalising a deal with North Korea and its nuclear weapons programme.


In a statement, British Foreign Secretary Boris Johnson said after talks with his French counterpart, Jean-Yves Le Drian, that both countries were determined "to conserve the essence of the Iran nuclear deal".

"If the government of New Zealand obeys any sanction against Iran, it is not sanction against Iran it is a sanction against the New Zealand companies", Mr Mianji said.

Gas prices are on the rise, and it's not even summer yet. For the present, Mr. Trump's decision has strengthened the hardliners. This would depend on access to excellent intelligence about the transfer of the device, but it is hardly impossible that the highly professional and operationally competent Israeli intelligence services could provide such data.

Given that Iran lacks significant ballistic missile defenses, Israel would most likely deliver the nuclear weapons with its Jericho III intermediate range ballistic missiles.


US President Donald Trump signs a document reinstating sanctions against Iran after announcing the US withdrawal from the Iran Nuclear deal, in the Diplomatic Reception Room at the White House in Washington, DC, on May 8, 2018. The result: a nuclear weapons breakout can then happen whenever Teheran wishes, with little chance nuclear inspectors or international intelligence would detect this before it was too late - as even the JCPOA's architect, Barack Obama, conceded in 2016. "Will the U.S. punish countries or companies who keep ties with Iran?"

The 2015 deal had placed unprecedented restrictions on Iran's nuclear program in exchange for billions of dollars in sanctions relief.

The daily price chart is more mixed, however, with the completion of a Doji Star Bearish Reversal candle last Thursday. In their view, a half-million people dead in Iran's client state, Syria, reveals Obama's reluctance to confront Tehran's bad behavior. "If you do business with Iran and you want to sell to a large market like the U.S., you will basically have to choose". But for the rest of the country's insolvent banks, the only option has been to wait for another real-estate boom. The IEA says non-OPEC supply is set to grow by 1.8 million barrels per day in 2018, somewhat more than OPEC's expectations. Trump is at heart an isolationist. After all, arms control treaties are political instruments that are strictly enforced - until they're not. The Treasury Department said on Tuesday that sanctions targeting Iran's oil trade and energy industry will come with a six-month lag.




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