Trump could hit Europe with sanctions for doing business with Iran: Bolton

Trump could hit Europe with sanctions for doing business with Iran: Bolton

But Bolton left open the possibility that if they do not, the U.S. might sanction foreign corporations that continue to do business with Iran. The US backed down before any sanctions were implemented."We want to reinforce this regulation and incorporate the recent decisions taken by the United States", Le Maire said.He also proposed a European agency capable of following the activities of foreign companies. In a separate interview on CNN's "State of the Union", he said Iran's economic condition is "really quite shaky", so the impact of sanctions "could be dramatic".

On Tuesday Mr Trump announced he would pull out the Iran deal sparking fears about the future of the region.

Bolton asserted that Iran has been increasingly exercising its military power in the Middle East "under cover" of its nuclear deal with the US and its European allies.

"It depends on the conduct of other governments", he said.

We have to work among ourselves in Europe to defend our European economic sovereignty.

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In Berlin, Economy Minister Peter Altmaier said Germany was ready to give help to its affected firms, including legal advice, to continue doing business in Iran.

Part of the flaw with the Iran deal that President Donald Trump rejected was it enticed Europe and the USA into economic relations with Iran that would work against holding the country accountable for violations of the agreement, Bolton said. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was anxious about stability in the Middle East, according to Macron's office.

In the CNN interview, Bolton did not respond directly when asked whether Trump might seek "regime change" in Iran, or whether the US military would be ordered to make a preemptive strike against any Iranian nuclear facility. Bolton said on ABC's "This Week".

But Bolton predicted that the Europeans, especially the United Kingdom, France and Germany, eventually "will see that it's in their interests to come along with us" by withdrawing from the Iran nuclear deal with the USA and reimposing the strict economic sanctions against Iran that were relaxed as a result of the deal.

"I think at the moment there's some feeling in Europe - they're really surprised we got out of it, really surprised at the reimposition of strict sanctions".

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