European Leaders Trying to Keep Iran Nuclear Deal Alive

European policymakers are trying to keep the Iran nuclear deal alive, with renewed contacts with both Tehran and Washington.

Europeans disapproved of Trump’s decision to leave the agreement, announced Tuesday, and to re-impose sanctions on Iran. The matter seems so urgent for European leaders that European Council President Donald Tusk has added the Iran deal to the items under discussion next week at an EU summit in Sofia, Bulgaria.

At the same time, the European Commission is also in contact with its external partners, as well as studying the U.S. measures, including the new sanctions, to understand their impact.

West Texas Intermediate graph

“The European Union (EU) deeply regrets the announcement by U.S. President Trump to withdraw from the Joint Comprehensive Plan of Action (JCPOA),” High Representative Frederica Mogherini said in a statement Wednesday morning, calling it a “crucial” deal to avoid increasing the use of nuclear weapons.

“As long as Iran continues to implement its nuclear related commitments, as it has been doing so far and has been confirmed by the International Atomic Energy Agency in 10 consecutive reports, the EU will remain committed to the continued full and effective implementation of the nuclear deal,” Mogherini also said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza