Pompeo seeking 'strong cooperation' with Europeans on Iran

Iran, Gaza, Trump's steel and aluminium tariffs on the menu at EU leaders' dinner in Sofia

Iran, Gaza, Trump's steel and aluminium tariffs on the menu at EU leaders' dinner in Sofia

For the time being there appear to be no immediate changes to the current sanctions position for non-US persons and USA authorities will allow foreign persons to wind down their Iran related activities.

As such, with Rouhani back at the helm and looking for guarantees, Europe and Iran may be able to work out a strategy to keep the deal alive and offset American sanctions. If the latter happens, Iran's nuclear progress could lead to a combined bombing campaign by US and Israel.

"Our trade with New Zealand is the importing dairy products from NZ, if they want to impose sanctions then they must ban the companies from exporting the commodities to Iran".

Since the easing of sanctions against Iran in early 2016, German exports to the country have jumped by more than 40 percent, with machinery and vehicles high in demand. Imports totalled $6.8 million, with dates contributing over half.

"It is going to be very hard for us to preserve the economic benefits of the Iran deal", one senior European diplomat said. Bolton said on ABC's "This Week". "It depends on the conduct of other governments". "The European Union is determined to act in accordance with its security interests and to protect its economic investments", she said.

The accord lifted global sanctions on Iran in 2016 in return for Tehran shutting down its capacity, under strict surveillance by the United Nations nuclear watchdog, to stockpile enriched uranium for a possible atomic bomb.

Where does New Zealand stand?

But Trump on May 8 withdrew the accord, saying Tehran had violated the spirit of the deal by testing ballistic missiles and supporting extremist activity in the region.

Second, no well-read person should believe that Iran would curtail its goal of annihilation of Israel and the United States, a goal that assuredly includes the development of nuclear weapons and a missile delivery system.

Europe, he added, must have an "independent financial tool" that would "allow our companies to trade freely in places Europe decided it was necessary or useful to do trade".

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Yesterday Israeli Prime Minister Benjamin Netanyahu said Iran "crossed a red line" by firing at Israeli forces from Syria.

But the reach of the US financial system, the dominance of the USA dollar, Trump's efforts to weaken the WTO and the presence of European companies' operations in the United States all weaken any potential EU measures.

While he has committed to remaining in the nuclear agreement, French President Emmanuel Macron floated the idea of a supplemental deal on Iran during a visit to Washington last month.

US Treasury Secretary Steven Mnuchin has said that licences for its US rival Boeing Co to sell passenger jets to Iran would be revoked.

Trump administration officials say the move is simply a recognition of a reality and that they do not in any way intend to prejudge the outcome of final borders or sovereignty in a peace deal.

"He [Trump] makes the decisions, and the advice I give him is between us", Bolton said.

Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin would try to "persuade the U.S. government to change its behavior".

In an interview with ZDF public television, Altmaier noted the United States has set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period can be used to convince Washington to change course.

The EU hopes to convince Iran to continue to respect the landmark nuclear pact.

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