IAEA: Iran adheres to the terms of nuclear agreement
"If new sanctions are put in place, there will certainly be an impact on the ways to handle claims that will be generated in Iran", one P&I executive told Platts.
Coveney's words reflected similar sentiments expressed by various European leaders including French President Emmanuel Macron, German Chancellor Angela Merkel, and British Prime Minister Theresa May who, in a joint statement, said: "This resolution remains the binding global legal framework for the resolution of the dispute about the Iranian nuclear programme".
"I have consistently reiterated that the JCPOA represents a major achievement in nuclear non-proliferation and diplomacy and has contributed to regional and global peace and security", he said.
The JCPOA? reached by Iran, China, France, Germany, Russia, the United Kingdom, the U.S. and the European Union? sets out rigorous mechanisms for monitoring restrictions placed on Irans nuclear programme, while paving the way for the lifting UN sanctions against the country.
The African Union, which is deeply committed to multilateralism and respect for worldwide law, will spare no efforts in support to the JCPoA, in conjunction with other members of the global community.
"The Administration has not offered evidence that Iran has failed to withhold its part of the bargain, and there is consensus among our allies in the agreement and the International Atomic Energy Agency (IAEA) that the deal is working".
Iran has said it also remains committed to the deal.
It deals a serious blow to multilateralism and to worldwide regimes on nuclear verification.
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"From this point on, the deal is between Iran and five countries", Rouhani said on Iranian state television, referring to China, Russia, France, the United Kingdom and Germany.
In a joint statement from Prime Minister Theresa May, German Chancellor Angela Merkel and President Emmanuel Macron emphasised their "continuing commitment" to the JCPOA.
"We urge the U.S.to ensure that the structures of the JCPOA can remain intact, and to avoid taking action which obstructs its full implementation by all other parties to the deal", the leaders said.
"By exiting the deal, America has officially undermined its commitment to an worldwide treaty", President Rouhani said in a televised speech.
"Unilaterally withdrawing now means undermining US credibility on this and other related matters of world order, like denuclearizing North Korea; losing all access to global inspections of Iran's nuclear activities; and giving the Iranians an excuse to race towards a nuclear bomb, this time with a large cash flow in hand".
"Iran must continue to meet its own obligations under the deal, cooperating fully and in a timely manner with IAEA inspection requirements". But the only way Iran feels any uptick in economic pressure is through secondary sanctions pressuring European countries to scale back their trade and investment in Iran.
PSA declined to elaborate on whether it had spoken to the French government or its partners in Iran, but confined itself to a statement sent to just-auto from Paris.
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