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Iran seeks assurances on nuclear deal after US pullout

(25 May 2018) Iran will pull out of a landmark deal to stop the country from developing nuclear weapons unless it receives guarantees that the economic incentives of the pact will be protected by the other parties, Iranian Vice Foreign Minister Abbas Araghchi said on Friday. It follows the US decision to unilaterally withdraw and Washington's threat of sanctions against companies who trade with Iran. Iran called an urgent meeting in Vienna on Friday of the so-called Joint Comprehensive Plan of Action Joint Commission, or JCPOA - the first time the group of Iran, Britain, France, Germany, China and Russia has convened since US President Donald Trump took the US out of the deal earlier this month. The other nations have all said they want to stay in the 2015 deal, which limits Iran's enrichment and stockpiling of material that could be applied to a nuclear weapons programme. In exchange, Tehran was granted widespread relief from international trade, oil and banking sanctions. Araghchi said that for his country to stay in the deal, the relief granted would have to be guaranteed by the other parties involved, and that Tehran needed specifics on how that would happen by the end of May. He said Tehran would make its final decision in a "few weeks". Araghchi said that in theory the deal could survive without the US, but acknowledged "in practice I'm not sure". He said the timeline was tight, but that European nations had "wasted" the past few months trying to convince Trump not to pull out of the nuclear deal over his contention it wasn't tough enough on Iran. Among other things, Trump said the deal needed to address Iran's ballistic missile programme and involvement in regional conflicts, while the others had argued those issues could be negotiated separately. New US sanctions are being phased in, but already many non-US companies have said that they will also likely have to curtail operations in Iran for fear of losing access to the much more important US market. Iran is looking for guarantees it can continue to sell its oil on world markets, have international banking access and broad protection for ongoing trade, among other things. Araghchi said Iran was looking for "specific mechanisms and practical solutions" to convince companies to continue doing business with them. Last week, US Secretary of State Mike Pompeo called for the negotiation of a new deal that would go far beyond the single focus of the 2015 agreement and would have the status of a formal treaty - a suggestion Iran flatly rejects. Araghchi noted that the International Atomic Energy Agency (IAEA) on Thursday reported Iran had complied with limits on the level to which it can enrich uranium, its stock of enriched uranium and other items. IAEA Director General Yukiya Amano was invited by the JCPOA on Friday to address the group on his agency's findings. If it pulls out of the deal, Iran would likely revert to its nuclear doctrine before the agreement or maybe even escalate its activities, the official said. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...