Iran says may 'reverse' nuclear programme to pre-deal status

Iranian President Hassan Rouhani inspects nuclear technology on Iran National Nuclear Technology Day in Tehran 9 April 2019

Iranian President Hassan Rouhani inspects nuclear technology on Iran National Nuclear Technology Day in Tehran 9 April 2019

French Foreign Minister Jean-Yves Le Drian said the Europeans must remain united. But with the accord nearing collapse due to the USA exit from the deal in May 2018, Iranian officials who had pinned their political futures on the landmark nonproliferation agreement would have preferred the day to go by unnoticed.

"Instead of holding meetings and putting pressure on Iran, the European countries had better pressure the USA into lifting the cruel sanctions against the Iranian nation", Jahangiri stated. He said Iran spent only $16 billion on its military past year while Saudi Arabia and the United Arab Emirates have spent $67 billion and $22 billion on weapons, respectively.

Iran's foreign minister signaled that the Islamic Republic would be willing to return to the bargaining table with the USA if President Trump removes crippling economic sanctions he imposed after withdrawing the USA from the 2015 nuclear deal. But the U.S. president has shown no sign of backing down.

"Once those sanctions are lifted, then. the room for negotiation is wide open", says Zarif, who is now on a visit to NY for a United Nations conference.

European nations have urged Iran to reverse recent moves to breach the agreement, including boosting uranium enrichment levels beyond a limit set by the deal.

The United States has issued statements suggesting it claimed global support in effort isolate Iran, despite the other signatories of a 2015 nuclear deal calling on Washington to return to the agreement it abandoned past year.

That is only a fraction of the almost 160,000-ton capacity of the British Heritage, the United Kingdom oil tanker harassed by Iranian ships last week while exiting the Persian Gulf.

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"I have expressed my disagreement and asked President (Hassan) Rouhani for clarification", he said, adding that France had so far received no meaningful explanation.

Analysts said that not only was Iran's forex market growing used to the tensions but the central bank had propped up the rial through injections of hard cash and steps to ensure the return of dollars earned from exports.

President Donald Trump has dismissed the agreement for what he felt was not curbing Iran's alleged support for militant groups or its ballistic missile development. European oil firms (France's Total, Greece's Hellenic Petroleum, the Netherlands' Royal Dutch Shell, Italy's Eni and Saras, as well as Spain's Repsol) rushed to re-enter the Iranian oil and natural gas market.

Iranian Foreign Minister Mohammad Javad Zarif speaks during a press conference in Tehran, Iran, June 10, 2019.

In all probability Saudi Arabia, Turkey and Egypt would all want to become nuclear weapons powers, with the potential to obliterate entire cities. "Had we wanted to develop nuclear weapons, we would have been able to do it (a) long time ago".

Trump said the Iran nuclear pact agreed under his predecessor Barack Obama was too weak to prevent Tehran developing atomic bombs.

"The Secretariat is in close contact with the Permanent Missions of the United States and Iran to the UN regarding this matter and has conveyed its concerns to the host country", Haq said.

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