Merkel: Europe has chosen to uphold Iran’s nuclear deal
German Chancellor Angela Merkel says Europe has made its choice regarding the historic 2015 nuclear agreement with Iran — which the United States has been attempting to sabotage — and will honor the agreement.
Officially known as the Joint Comprehensive Plan of Action (JCPOA), the deal was originally struck between Iran on the one side and Germany, France, the United Kingdom, China, Russia, and the US on the other. Washington, however, breached and then unilaterally pulled out of the deal in 2018. It has since been trying to stymie the agreement by imposing sanctions on Iran and its international trade partners, including Europe.
Europe is contractually bound to guarantee Tehran’s business interests, something it stopped doing after Washington imposed its bans.
European companies started leaving the Iranian market — some of them even before the American sanctions had taken effect — for fear of US sanctions and/or losing transactions with the US.