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Thread: Iran warns Trump: 'You've made a mistake' over nuclear deal

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    Avalon Member viking's Avatar
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    Default Iran warns Trump: 'You've made a mistake' over nuclear deal

    Well lots of who ha on the news...good deal or bad deal?

    Iran's supreme leader, Ayatollah Ali Khamenei, has addressed US President Donald Trump directly, telling him he "made a mistake" in deciding to leave a multi-country nuclear deal.

    Mr Khamenei said: "I said from the first day: don't trust America."

    He urged his government to get guarantees from European powers before agreeing to continue with the deal.

    The 2015 agreement curbed Iran's nuclear activities in return for the lifting of UN, US and EU sanctions.

    It was signed by Mr Trump's predecessor, Barack Obama, between Iran and the five permanent members of the UN Security Council - the US, UK, France, China and Russia - plus Germany.

    But Mr Trump, long opposed to the deal, said on Tuesday that it was "defective at its core" and the US would withdraw, reimposing economic sanctions.

    Is there a Plan B?
    Why Trump ditched the deal
    Other signatories to the accord say they are still committed to it and want it to continue.

    French President Emmanuel Macron has also called the US decision "a mistake". The UK's Foreign Secretary Boris Johnson said Britain had "no intention of walking away", and Germany's Chancellor Angela Merkel said her country would "do everything in our power for Iran to adhere to its obligations in the future".

    http://www.bbc.co.uk/news/world-us-canada-44057306

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    Default Re: Iran warns Trump: 'You've made a mistake' over nuclear deal

    Seems to me that most if not all of the "action" in the region right now is being driven by the two opposing pipelines that nobody ever mentions. As it currently stands the pipeline most likely to succeed is the one coming from Iran into Syria, backed by Russia.

    If we are to win this pipeline race we need to remove Assad and neuter Iran. So it seems like a clear move towards either antagonizing Iran into doing something stupid so we can rain democracy down upon them, or to lump Iran and Syria into the same hate fueled propaganda.

    I would not be surprised to hear that Iran has attacked it's own people with chemical weapons, therefore inviting us and the UN in to police the completion of OUR pipeline... N

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    New Zealand Avalon Member KiwiElf's Avatar
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    Default Re: Iran warns Trump: 'You've made a mistake' over nuclear deal

    $1.7 Billion in cash, and more would have followed... mmmm, that's a LOT of [probably] "untraceable" kickback for "vested interests", ay?

    Is your piggy bank running low, Obama?

    Money laundering,.. slush funds... get it?
    Last edited by KiwiElf; 11th May 2018 at 08:50.

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    Default Re: Iran warns Trump: 'You've made a mistake' over nuclear deal

    I noticed the head of the International Atomic Energy Agency resigned after this walkout. It wasn't explained.

    Does anyone know of a precedent of a country rebuking a treaty at the ripe old age of three years?

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    New Zealand Avalon Member KiwiElf's Avatar
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    Default Re: Iran warns Trump: 'You've made a mistake' over nuclear deal

    It was never about WW safety & security. It was never about Nuclear disarmament. It was about opening a new untapped market.
    It was about securing a black site. The ‘Exchange’. U1.
    Risking the welfare of the world.

    Why?

    Money. It was about kickbacks, bribes & Special Interest Groups. Organized/planned by BC/HRC. Carried out by Hussein (Obama).


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    European Companies Rushed to Invest in Iran. What Now?

    https://www.nytimes.com/2018/05/09/b...ss-europe.html

    (Full article at & images at link above)

    By Jack Ewing and Stanley Reed
    May 9, 2018

    FRANKFURT — European companies moved quickly to invest in Iran after it agreed in 2015 to mothball its nuclear weapons program in return for an end to economic sanctions.

    Automakers like Daimler and PSA Peugeot Citroën linked up with Iranian partners to sell vehicles. Siemens of Germany struck a deal to deliver locomotives. Total of France began a project to explore offshore natural gas.

    Yet even before President Trump pulled out of the agreement with Iran, many companies had already tempered their expectations and limited their investment. Now their prospects look murkier as European leaders try to determine whether there is a path forward without the United States.

    Officials in Europe want to protect its companies by finding ways to shield them from American sanctions while they continue doing business in Iran.

    The United States, however, has not struck an optimistic tone. Steven Mnuchin, the Treasury secretary, has already said licenses that allow Boeing and Airbus, the American and European aircraft giants, to sell to Iran “will be revoked.”

    “The objective is to put and maintain maximum sanctions on Iran,” Mr. Mnuchin said.

    With a population of about 82 million and substantial oil reserves, Iran represented a largely untouched market with the potential for fast growth, a rare opportunity for Western companies with global ambitions.

    While players like General Electric and Boeing lined up orders, many American companies, including oil giants like Chevron and Exxon Mobil, had to watch from a distance; even with the deal in place, they were still effectively blocked by sanctions imposed by the United States from working in Iran. European businesses did not have the same restrictions.

    For Europe, Iran was a particularly promising example of the kind of fast-growing emerging country that helped lift the region out of a severe debt crisis in recent years. German companies, for instance, have thrived by selling factory machinery, power grid infrastructure and construction equipment that growing nations need to build modern economies.

    Despite its potential, however, Iran has largely been a disappointment for European investors. In a dysfunctional economy, many failed to gain traction in a huge bureaucracy rife with political power struggles.

    Companies have also been stifled by a reluctance of foreign banks to provide financing, and fears — fully justified, as it turned out — that the nuclear détente would not last.


    A Total booth at an event on Sunday organized by Iranian Ministry of Petroleum. The French company signed the only significant deal to invest in Iran’s energy industry after the sanctions were lifted.CreditFatemeh Bahrami/Anadolu Agency, via Getty Images

    Although exports from the European Union to Iran increased by about one-third last year to 10.8 billion euros, or about $12.8 billion, the country still ranked only 33rd among the bloc’s trading partners, behind the likes of Kazakhstan and Serbia.

    “German-Iranian economic relations are lagging their potential,” Volker Treier, head of the exports department at the Association of German Chambers of Commerce and Industry, said in an email.

    After Mr. Trump’s decision not to extend a moratorium on sanctions, Mr. Treier said, “the moderately positive development in business with Iran comes with a big question mark.”

    In the end, expectations may simply have been too high.

    After sanctions were lifted, Airbus of France signed a deal to remake Iran Air’s aging fleet with more than 100 aircraft, including a dozen super jumbo A380s.

    So far, Airbus has delivered just three jets, none of them super jumbos, a company spokesman said on Tuesday. Two of the three have been leased.

    In 2016, Daimler signed an agreement with Iran Khodro, a vehicle maker based in Tehran, to distribute Fuso brand trucks. Demand has been limited, however, because of Iran’s weak economy, Daimler spokesman Florian Martens said Tuesday.

    Even the Iranian oil industry was having trouble attracting foreign investors — the only significant deal the country signed after sanctions were lifted was with Total for an offshore natural gas development.

    Whether Total can stay in the deal is open to question. Although Europe may yet carve out protections for companies from the region, the company fears the imposition of so-called secondary sanctions by the United States against non-American businesses and individuals as part of the decision to pull out of the nuclear accord.

    Patrick Pouyanné, Total’s chief executive, recently said that the company would argue that because it had signed its Iran deal before Mr. Trump’s decision, Total should benefit from a “grandfather clause” and would ask for a waiver from the United States to continue. Total also might turn its share over to its minority partner CNPC, a Chinese state-owned oil company.

    European Union officials said on Tuesday that they were making plans to blunt the impact of Mr. Trump’s withdrawal — presumably helping insulate companies like Total.

    “We are working on plans to protect the interests of European companies,” Maja Kocijancic, a spokeswoman for the European Commission, told reporters on Tuesday.

    It was unclear, however, what those measures might be.

    France, for example, hopes to engage in more detailed dialogue with the Trump administration to press for waivers for its companies. But it was too soon to say whether Mr. Trump would be swayed, according to two people with knowledge of the situation. It was also not immediately clear whether Mr. Trump would recognize the “grandfather clause” arguments favored by Total, the people said.

    Mr. Trump’s decision to pull out of the deal with Iran may not automatically prompt governments to choke off trade.

    Having ripped up an international deal, the president may have trouble recruiting allies and cutting off exports of Iranian oil, the country’s most valuable product.

    Iran’s crude exports have risen to about 2.4 million barrels a day in recent months, after being around 1 million barrels a day in the months before sanctions were lifted.

    “It is going to be hard to get people on board,” said Richard Nephew, a former State Department official who was the lead sanctions expert in the Iran negotiations under President Barack Obama and who successfully persuaded other customers of Iran to stop buying its oil in the years leading up to the eventual nuclear deal.

    Mr. Nephew, now a senior research scholar at Columbia University’s Center on Global Energy Policy, forecast that of Iran’s major customers, Japan and South Korea would most likely cooperate on sanctions because they are worried about Washington’s negotiations with North Korea.

    He said European customers, however, would probably be slower to come around. And China and India, which in some months have been buying more than 1 million barrels a day from Iran, may continue to buy Iranian crude in the same quantities.

    All told, the impact of renewed sanctions would be an estimated loss of 300,000 to 500,000 barrels a day of Iranian exports, Mr. Nephew said. That would be a significant amount, but much less than the 1.4 million barrels a day or so that Mr. Obama’s sanctions achieved.

    In the meantime, Iran is running its oil industry at full tilt, analysts say. “It is obvious that they are anticipating potential new sanctions and running full speed before it happens,” said Antoine Rostand, president of Kayrros, a Paris-based market research firm.

    But the sanctions would nonetheless create major complications. Iran has quickly pumped up oil production in existing fields, but these will eventually become tapped out. It won’t be able to bring new fields online without partners and capital.

    Still, giant oil corporations have not given up on Iran.

    “We continue to be interested in exploring the role Shell can play in developing Iran’s energy potential within the boundaries of applicable laws,” Royal Dutch Shell said in an email on Tuesday.

    The same principle applies to other investors, provided they are big enough — and wealthy enough — to handle the risk, said Andreas Schweitzer, managing director of Arjan Capital, a firm in London that advises companies on investing in Iran.

    “Those who want this 80-million-person market and have a long-term strategy,” he said, “will go there with or without Mr. Trump.”

    Correction: May 9, 2018

    Because of an editing error, an earlier version of this article misspelled the surname of the chief executive of Total. He is Patrick Pouyanné, not Pouyannée.
    Last edited by KiwiElf; 13th May 2018 at 04:10.

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