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Iran Deal

Merkel, Chinese premier defend Iran deal, free trade

BEIJING: German Chancellor Angela Merkel and Chinese Premier Li Keqiang defended the Iran nuclear deal on Thursday, with Li hinting a collapse in the pact would complicate negotiations to disarm North Korea. The pair also launched a spirited defence of free trade -- another issue that the global community feels is under attack from US President Donald Trump's strident rhetoric -- during their meeting at the opulent Great Hall of the People in Beijing. Earlier this month Trump reimposed US sanctions on Iran that had…

Iran says US exit from deal will not impact its oil

ANKARA: Iranian Oil Minister Bijan Zanganeh said on Thursday that US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports. “Trump’s decision will not have any impact on our oil export ... that era is history now,” he told state television. Trump announced a US withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran. Zanganeh said foreign investment was needed to develop Iran’s its oil industry, but that it could…

Saudi Arabia will seek nuclear weapon if Iran does: minister

RIYADH: Saudi Arabia will seek to develop its own nuclear weapons if Iran does, Foreign Minister Adel al-Jubeir told CNN on Wednesday. Asked whether Riyadh would "build a bomb itself" if Tehran seizes on Washington's withdrawal from the 2015 Iran deal to resume a nuclear weapons program, Jubeir said: "If Iran acquires nuclear capability we will do everything we can to do the same." Oil-rich Saudi Arabia has long said it would match any Iranian weapons development, but Jubeir's renewed vow came after US President Donald…

Oil jumps to highest since 2014 after U.S. quits Iran deal

LONDON: Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. Ignoring pleas by allies, Trump on Tuesday pulled out of an international agreement with Iran that was agreed in late 2015, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies at a time when the crude market is already tight. Brent crude oil touched its highest…

U.S. officials try to ease concerns Trump may quit Iran deal

WASHINGTON: Senior Trump administration officials said on Sunday that the United States was committed to remaining part of the Iran nuclear accord for now, despite President Donald Trump’s criticisms of the deal and his warnings that he might pull out.  Nikki Haley, U.S. ambassador to the United Nations, said that Tehran is complying with the 2015 nuclear accord intended to increase Iran’s accountability in return for the lifting of some economic sanctions. “I think right now, you’re going to see us stay in the deal,”…

‘President of the United States has many powers not this one’

Donald Trump has gambled with US diplomatic credibility by attacking an Iran nuclear deal that his European allies cherish as a benchmark for international cooperation. And in doing so the US president has underlined the risk that his "America First" foreign policy will translate to one of "America Alone" as he confronts future crises. Between nationalist speeches, protectionist gestures and high-octane Twitter outbursts, observers have struggled to identify a coherent strategy behind Trump's decisions. But one…

Defying Trump, Iran says will boost missile capabilities

LONDON: Iran will strengthen its missile capabilities and will not seek permission from any country to do so, President Hassan Rouhani said on Friday in an undisguised snub to demands by U.S. President Donald Trump. Rouhani’s comments at a military event will add to the rising tensions between Tehran and Washington over the Islamic Republic’s regional policies. At the annual United Nations General Assembly on Tuesday, Trump accused Iran of building “dangerous” missiles and exporting violence to Yemen, Syria and other parts…

France’s Macron at UN defends Iran, climate deals

UNITED NATIONS: French President Emmanuel Macron stood firm on Tuesday that landmark agreements on Iran and climate change would not change as he gently nudged Donald Trump to return to the fold. Macron, like Trump appearing for the first time at the annual United Nations gathering of world leaders, met his US counterpart on Monday for their latest meeting -- which appeared to be friendly but did not bridge differences. Trump devoted much of his own address at the General Assembly to denouncing Iran, calling the…

The winner of Nobel Peace Prize 2016 is anyone’s guess

OSLO: A veteran Russian rights activist, or the architects of the Iranian nuclear accord? The field of contenders for Friday's Nobel Peace Prize was suddenly thrown wide open after the Colombian people's shock rejection of a peace deal put its negotiators out of the running. For once, the Nobel experts thought they were on to a sure thing. But just days before the award, they were forced to rethink after voters in Colombia said 'No' to a peace deal between their government and the communist FARC rebels in a weekend…