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Global Geopolitical Series: EU keeps all options open on Iran with support for JCPoA

Is the United States destined to march alone when countering Iran? That could very well be the case as the European Union is keeping all of its options open by not joining the U.S. crusade against Iran so far and taking steps which are against U.S. actions.

  • While the Trump administration pulled the United States out of the Joint Comprehensive Plan of Action (JCPoA), better known as the Iran nuclear agreement and continuing with maximum pressure campaign using sanctions to choke Iran’s oil exports and bring the country to the negotiating table, the EU has provided aide to Iran and working on setting up a special purpose vehicle (SPV) to bypass U.S. sanctions and keep Iranian oil flowing in the market.
     
  • Earlier this week, Germany and France - two main partners of the JCPoA from the European Union (EU) along with another partner Russia once again voiced support for the agreement. According to the statement released after the meeting, “During the discussion of the situation around the Joint Comprehensive Plan of Action (JCPOA) on the Iranian nuclear program, the importance of preserving this agreement, which is a key factor in maintaining international stability and security, was noted. Russia, France and Germany reaffirmed their commitment to further mutually beneficial cooperation with Iran in trade and economy”.

The EU may finally join the Trump wagon in countering Iran but for now, the EU seems to have deemed it wise to keep the deal alive, which could be used as a bargaining chip, as Trump renegotiates a trade agreement with the EU.

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737677737677m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737677737677m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725857725857m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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