Published: Wed, March 21, 2018
Global News | By Stacy Ballard

The Iran Nuclear Deal Looks for Life Support

The Iran Nuclear Deal Looks for Life Support

The fate of the 2015 deal comes up every three months when the president can withdraw from it. By May 12, Trump must decide whether or not to keep the USA in the nuclear deal by renewing waivers that presently shield Iran from crippling sanctions on its vital oil exports and central bank activities and other areas.

The US president said America's European allies must agree to tougher measures and new conditions until May 12, otherwise Washington would pull out of the deal.

Prosecutors said Sadr's family controlled an Iranian conglomerate called Stratus Group, which had global business operations and that led a project to construct thousands of housing units in Venezuela.

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In January, the president informed his European counterparts that unless the flaws in the 2015 nuclear agreement between Iran and the world powers are fixed, he will not extend the existing waivers for sanctions relief that expire May 12.

Mogherini says the European Union hopes to dissuade Iran from developing missiles or undermining regional security, but that work must happen "outside the scope of the nuclear agreement".

France on Monday urged the European Union to consider new sanctions on Iran over its involvement in Syria's civil war and its ballistic missile program, Reuters reported.

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The indictment said an Iranian company that Stratus incorporated called Iranian International Housing Corporation entered into a $476 million deal in 2006 with a Venezuelan state-owned energy company to build 7,000 housing units.

"But we must not exclude (from consideration) Iran's responsibility in the proliferation of ballistic missiles and in its very questionable role in the near- and Middle East", he said. "That must also be discussed to reach a common position". USA sanctions will resume unless Trump issues fresh "waivers" to suspend them on May 12.

"As alleged, Ali Sadr Hashemi Nejad created a network of front companies and foreign bank accounts to mask Iranian business dealings in Venezuela and evade US sanctions", Manhattan US Attorney Geoffrey Berman said in a statement.

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Iranian Foreign Minister Muhammad Javad Zarif on Twitter accused the West of "sheer hypocrisy" in selling large quantities of weapons to countries in the region while "whining about Iran's defensive missiles".

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