Iranians Protest Trump's Withdrawal From Nuclear Deal

Iranians Protest Trump's Withdrawal From Nuclear Deal

Mr. Bolton, a National Security Council spokesman said, consulted widely with his colleagues and European allies on Iran. Israeli Prime Minister Benjamin Netanyahu welcomed the United States president's "brave decision to reject the catastrophic nuclear deal with the terrorist regime in Tehran".

"This was part of the flaw of the deal to entice Europe and the United States into economic relations with Iran that eventually would have worked against really holding Iran accountable for violations of the deal".

"For the first time, Iran has the chance to show the world they are not the rogue nation they are always presented as, that they negotiated in good faith and keep to their commitments", said Karim Emile Bitar of the Institute for global and Strategic Studies in Paris.

Following Trump's announcement, the European Union said it was "determined to preserve" the Iran deal.

That is part of a flurry of diplomatic activity following Tuesday's unilateral withdrawal from what US President Donald Trump called "a awful, one-sided deal", a move accompanied by the threat of penalties against any foreign firms doing business in Iran.

"Since the signing of the JCPOA (nuclear deal), we have gone from an atmosphere like a gold rush, to one of utter depression", said a Western trade diplomat on condition of anonymity. "We are certain that today China is by our side".

On the one hand, he is preaching the old neoconservative rhetoric - doubling down on hawkish policies towards Iran, signalling regime change, and undertaking unilateral USA actions against Iran without the support of key historical allies.

"The holy system of the Islamic Republic will step up its missile capabilities day by day so that Israel, this occupying regime, will become sleepless and the nightmare will constantly haunt it that if it does anything foolish, we will raze Tel Aviv and Haifa to the ground".

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The nations that were hyper critical for the United States on its decision to break away from the 2015 deal had their economic interests at heart rather than the virtues of the deal.

"If Europe turns to Chinese know-how to circumvent US sanctions, the United States might find that the country being isolated in this situation is not Iran after all, but itself", the Post said.

Iranian hardliners are already mobilising against the government's efforts to save the nuclear deal.

A deepening transatlantic rift as "flattery" fails to sway Donald Trump has left Europeans in search of new answers, including closer dealings with Russian Federation that only recently would have been unpalatable, analysts say.

Iran said it had asked Europe's Airbus to announce whether it would go ahead with a plane deal with Tehran following the U.S. pullout. All buyers report that they are complying and will comply with any sanctions imposed on Iranian trade, and some of them expect that banking issues will arise from the sanctions, such as the availability of trade finance.

Iranian supreme leader Ayatollah Ali Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal.

A senior trader with another company said he expected banking to pose a major problem to Iranian oil trade and a third said even if waivers are granted, volumes would still decline.

"For the first time, Iran has the chance to show the world they are not the rogue nation they are always presented as, that they negotiated in good faith and keep to their commitments", said Karim Emile Bitar of the Institute for worldwide and Strategic Studies in Paris.

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