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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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