Britain says Europe seeking to protect legitimate business with Iran

May and Trump agree talks needed over Iranian sanctions

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

Pompeo said he was "hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behaviour, not just their nuclear programme, but their missiles and their malign behaviour as well".

Britain's Foreign Secretary, Boris Johnson arrives for a Brexit subcommittee meeting at Downing Street in London, Britain, May 2, 2018.

"It is going to be very hard for us to preserve the economic benefits of the Iran deal", one senior European diplomat said.

European officials have said they are looking for ways to help their companies escape the brunt of the US sanctions.

Iran's conservative opposition is aligning increasingly against the deal.

Also the representative of the government noted that the draft budget has been prepared taking into account the fact that the United States could withdraw from the Iranian agreement.

President Donald Trump repeated a misleading claim about Iran's military budget Saturday, saying it had increased by more than 40 percent since the negotiation of the Iran nuclear deal. This was besides the condition that Iran would abide by the demands of International Atomic Energy Agency to inspect the nuclear establishments as and when they desire. "We are on the right path to move forward", he said. "So far, again and again, he has shown himself to be adept at destroying agreements - a relatively easy task for a president - and utterly lacking in the policy depth or strategic vision and patience to create new ones".

Those are the words of the U.S. President addressing North Atlantic Treaty Organisation members. Let alone the loss of face suffered by European leaders and the financial losses by their countries' firms, USA unilateralism has deep-running implications for the global security and governance architecture, and other multilateral arrangements and regimes. "There's an American withdrawal from the deal, but the deal is still there". Gen. Mohammad Bagheri, has said that the "Iranian people never favoured the nuclear deal". What is even more worrying is that unlike the last time when the US imposed sanctions on Iran, and India had to choose the USA over Iran, the geopolitical realities are starkly different this time.

"It won't be easy, that's clear to all of us".

However, on May 8, Trump announced the USA withdrawal from the JCPOA.

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

The views expressed in this article are not those of Reuters News.

"We are analyzing the situation and the impact of the [US] announcement on all our contractual agreements and we will then first discuss with our customers", Airbus said in a statement on Monday. On the other hand, Britain and France (as two permanent members of the Security Council) had been committed to prevent the referral of Iran's case to the UN Security Council.

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