Economics
Europe Doubles Down on Iran Support as Trump Targets Oil Exports
- U.S. announced it won’t renew Iran oil waivers from May 2
- EU Commission, France say they will stick to nuclear deal
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Europe pledged to keep afloat its efforts to aid Iran after the U.S. tightened the screw by targeting all exports of Iranian oil for sanctions.
The French government and the European Union both said they will abide by the terms of the Iran nuclear accord with world powers even after the latest U.S. move. France and its European partners intend to continue efforts to ensure that Iran derives economic benefits as long as Tehran complies with its nuclear obligations, the Foreign Ministry in Paris said.