Iran Demands Oil, Bank Guarantees From The EU By End-May

Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal

Parties Meet Amid Slim Hopes of Saving Iran Nuclear Deal

Signatories of the Iran nuclear deal met in Vienna on Friday in a bid to save the agreement after Washington's dramatic withdrawal earlier this month.

"If the Europeans hesitate in responding to our demands, Iran is entitled to resuming its nuclear activities", he said in a statement. Senior officials from the other countries that signed the deal - France, Britain, Germany, Russia, China and Iran - are meeting in Vienna on Friday to discuss next steps.

"European firms simply can not afford the penalties imposed by USA secondary sanctions on Iran".

He called on them to "guarantee the total sales of Iran's oil", meaning that Europe must promise to make up for any oil sales from third countries which are cancelled because of United States sanctions. The accord's demise threatens to lift limits on Tehran's nuclear program, disrupt billions of dollars in planned European investment in Iran, exacerbate transatlantic relations and disrupt oil flows from OPEC's third biggest producer. The Europeans must take a resolution against the the UN Security Council and file complaint against the US move.

He called on the Europeans to issue a United Nations security council resolution condemning USA president Donald Trump's decision to leave the deal and Europe "must confront imposition of any sanctions on the Islamic Republic and stand firmly against U.S. sanctions".

Iran's Deputy Foreign Minister Abbas Araqchi. He also rejected any new negotiations over Iran's missile programme, which was not covered in the nuclear deal and which Iran says it will never give up. "We expect the (meeting) today to take a unified position against the withdrawal of the United States and compensate for the USA absence in the deal". Some Western companies have already quit Iran or said they may have to leave because of the new USA sanctions.

Iran is looking for guarantees it can continue to sell its oil on world markets, have global banking access and broad protection for ongoing trade, among other things. U.S. Secretary of State Mike Pompeo on Monday threatened Iran with "the strongest sanctions in history" if it did not change its behaviour in the Middle East. "I'm sorry to say that we haven't (seen) the Plan B yet".

Trump denounced the accord, completed under his predecessor Barack Obama, partly because it did not cover Iran's ballistic missile development programme, its role in Middle East conflicts or what happens after the deal begins to expire in 2025.

"Iran is a member of the International Monetary Fund, and as with all our members, the International Monetary Fund will continue to work with Governor Seif and the Central Bank, consistent with the IMF's Articles of Agreement", the IMF's Communications Department announced on Friday.

Diplomats will also consider verification activities of International Atomic Energy Agency inspectors, who reported on Thursday that Iran continues abiding by its commitments.

Speaking at a news conference with Russian leader Vladimir Putin in Saint Petersburg, French President Emmanuel Macron said the report went in the "right direction and was comforting".

Unusually for a meeting of the joint commission, the head of the UN's nuclear watchdog Yukiya Amano was invited to brief the participants on his organisation's work in Iran.

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