KSrelief's Clinics Provide Medical Services for 570 Individuals in Zaatari Camp, Jordan    Wall Street Closing    Pedestrian bridge collapses onto Washington, DC, highway, injuring several    US voices 'grave concern' after airstrike kills dozens at market in Ethiopia's Tigray region    John McAfee, antivirus software creator, found dead in Spanish prison    Al Wasl dome light up to celebrate 100 days until Expo 2020 Dubai    Small businesses unprepared for pandemic-sized climate shock 'every decade'    Saudi Arabia's localization of military industries offers breadth of opportunities to US investors: GAMI governor    Bahrain Two Main Indexes End Trading Up    Backed by KSrelief, Al-Jaada Health Center Provides Services for 1,861 Beneficiaries During One Week    Russia ready for dialogue with European countries regarding missiles control    Pakistan Records 930 New COVID-19 Cases    SAGO Receives First Vessel of Wheat Produced by Saudi Investment Abroad    Over 15 Million Zamzam Water Bottles Distributed at Grand Holy Mosque    Chairman and CEO of STC Thank Saudi Leadership for Licensing STC Bank as First Digital Bank in Saudi Arabia    HRC President Meets with Chief of OHCHR MENA Section    Saudi national team wins 2 gold medals at Arab Athletics Championship    Tawakkalna's Update Includes New Hajj, SOS Services    Saudi National Team Wins 2 Gold Medals at Arab Athletics Championship    Judge, officials and others arrested in corruption crackdown    NEOM, KAUST Partner to Establish Biggest Coral Garden in World    Coalition forces intercept, destroy drone targeting Khamis Mushait    Saudi Press: Saudi Arabia Achieves Highest Level in Digital Regulatory Maturity Index    HRC official highlights measures to support prisoners and families    Al-Sheikh underlines importance of preparing young generation for future jobs in G20 ministerial meeting    Dubai opens one of the world's largest in-house airport PCR test labs    Saudi foreign minister, Austrian counterpart discuss ways to boost bilateral ties    Tokyo Olympics: Limited local fans allowed to attend but no cheering    Saudi, Indian ministries sign historic MoU on yoga cooperation    Minister of Sports unveils 'Nafes' platform to boost private sector investment in Saudi Arabia    RSIFF celebrates Saudi Cinema Nights in Jeddah on June 16–17    "Scripts and Calligraphy: A Timeless Journey" Exhibition Begins to Receive Visitors Today    $10 million Red Sea Fund to back over 100 projects    Saudi Music Commission Dedicates Patriotic Song to Green Falcons    Indian man believed to have headed 'world's largest family' dies    Ministry of Health: People With Obesity are Most Vulnerable to COVID-19 Infections    Saudi National Team Beats Singaporean Counterpart 3-0 in FIFA World Cup 2022 and AFC Asian Cup 2023 Qualifiers    Saudi National Shooting Team Wins Gold, Silver Medals in Arab Shooting Championship    Saudi U-20 Team Beats Bosnia at End of Croatian Tournament    Ithra Holds Environment Exhibit    Use of external loudspeakers at mosques to be restricted to Adhan and Iqamat-ul-salah    From whom do we take Shariah? How do we get legitimacy?    Welcome to beautiful Ramadan customs    Vaccination does not invalidate fasting, says UAE Fatwa Council    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Iran gives Europe two more months to save nuclear deal
Published in The Saudi Gazette on 04 - 09 - 2019

Iran's President Hassan Rohani gave European powers another two months to save a 2015 nuclear deal on Wednesday, but warned that Tehran was still preparing for further significant breaches of the agreement if diplomatic efforts failed.
His statement came as Iranian officials appeared to give a guarded welcome to a French proposal to save the atomic pact by offering Iran about $15 billion in credit lines until the end of the year if Tehran comes fully back into compliance.
Rohani said talks with European powers were moving forward, raising hopes of at least a pause in a diplomatic confrontation between Iran and the West that has stoked already heightened tensions across the region.
Iran emerged from years of economic isolation after agreeing a deal with world powers in 2015 to curb its nuclear development program in exchange for sanctions relief. However, US President Donald Trump pulled out of the deal last year, arguing it did not go far enough, and reimposed sanctions.
Tehran responded with two separate moves that breached some of the terms of the deal, although it says it still aims to save the pact.
Rohani had threatened to take further measures by Sept. 5 unless France and the other European signatories of the pact did more to protect Iran from the impact of the US penalties.
"I think it is unlikely that we will reach a result with Europe by today or tomorrow ... Europe will have another two months to fulfill its commitments," Rohani said, according to state TV.
"The talks between Iran and European countries are moving forward ... but we have yet to reach a conclusion," he added.
Iran would continue with plans to breach the pact further and accelerate its nuclear activity, Rohani said, without giving a fresh deadline.
"The third step (in reducing Iran's commitments) will be the most important one and it will have extraordinary effects," state TV reported him as saying.
Iran's vital crude oil sales have plummeted by more than 80 percent under the US sanctions.
The remaining signatories of the deal have been working to save an agreement that they say will bring Iran back into the international fold and prevent Tehran from developing a nuclear bomb.
Iran has repeatedly said its nuclear program is for electricity generation and other peaceful purposes.
In a possible olive branch to the West, Iran state TV said authorities would free seven crew members of the detained British-flagged tanker Stena Impero.
The Swedish-owned tanker was detained by Iran's Revolutionary Guards on July 19 in the Strait of Hormuz waterway for alleged marine violations, two weeks after Britain detained an Iranian tanker off the territory of Gibraltar. That ship was released in August.
Iran's Deputy Foreign Minister Abbas Araqchi appeared to back the main terms of the French proposal in a statement on Wednesday.
"Our return to the full implementation of the nuclear accord is subject to the receipt of $15 billion over a four-month period, otherwise the process of reducing Iran's commitments will continue," the semi-official news agency Fars quoted Araqchi as saying.
"Either Europe has to buy oil from Iran or provide Iran with the equivalent of selling oil as a credit line guaranteed by Iran's oil revenues, which in some sense means a pre-sale of oil," Araqchi added.
Government spokesman Ali Rabie said Iran would stick to its nuclear commitments "if France can get the approval of the US and announces it." He added: "If they cannot get the approval, then we will take the third step."
The United States would have the economic clout to block any credit line for Iran. Washington has not commented on the proposal which would contradict its stated policy of imposing "maximum pressure" to force Tehran to rein in its nuclear and missile programs as well as what the White House views as its destabilizing regional behavior.
Iran's English-language Press TV issued a short report stating: "Iran has rejected a $15 billion loan offered by EU" — though Western and Iranian sources had described the French plan as the offer of a credit line, not a loan. Precise details of the plan have not been made public. — Reuters


Clic here to read the story from its source.