Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 06 August 2018 2:55 pm  |  Updated:  Friday 24 May 2019 7:49 pm

Europe stands ground over US-Iran feud

By: James Booth

Add as a preferred source on Google

European leaders hit back yesterday at US President Donald Trump’s decision to reimpose sanctions on Iran, which took effect tonight.

A joint statement from the UK, French, German and EU foreign ministers said they “deeply regret” the US decision to pull out of the Iran nuclear deal.

Trump has repeatedly railed against the agreement signed in 2015 by Iran, China, France, Russia, the UK, the US, Germany and the EU.

The European statement said preserving the deal was a “matter of respecting international agreements and a matter of international security”.

It is introducing a “blocking statute” today to shield EU companies “doing legitimate business with Iran from the impact of US extra-territorial

sanctions” the statement said.

The blocking statute will allow EU companies to recover damages resulting from US sanctions and bans them from complying with sanctions unless they get special dispensation from the European Commission.

Under the deal Iran agreed to drastically scale back its nuclear programme in return for relief from sanctions introduced by the international community over fears it was developing nuclear weapons.

Trump yesterday slammed the “horrible, one-sided deal,” which was signed by his predecessor Barack Obama.

“Our policy is based on a clear-eyed assessment of the Iranian dictatorship, its sponsorship of terrorism, and its continuing aggression in the Middle East and all around the world,” Trump said.

The deal “threw a lifeline of cash to a murderous dictatorship that has continued to spread bloodshed, violence, and chaos,” Trump said.

He was praised by Israel’s Prime Minister Benjamin Netanyahu, who said: “I congratulate President Trump and the US administration for making the important decision to impose sanctions on Iran… I call upon the countries of Europe, which talk about stopping Iran, to join this measure.”

Yesterday’s announcement follows escalating rhetoric between Iran and the US which peaked on 23 July when Trump blasted Iran in an all-caps tweet following comments by the Iranian President Hassan Rouhani who said “war with Iran is the mother of all wars”.

Trump has said he is willing to meet the Iranian president to discuss a deal.

Last night Rouhani said: “Trump’s call for direct talks is only for domestic consumption in America.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Iran deal is ‘largely negotiated’ as Trump teases Strait of Hormuz re-opening

    Politics
    Donald Trump discussing the Iran nuclear deal, standing at a podium with the American flag in the background
  • US and Iran agree to peace deal’s text, negotiators say

    Economics
    Aerial view of Strait of Hormuz with cargo ships navigating the strategic waterway under clear blue skies
  • Trump yet to make ‘final determination’ on Iran war despite discussions

    Politics
    Donald Trump raising his fist in a confident gesture during a public appearance, symbolizing determination and leadership
  • Petrol prices hit Iran war high as oil tops $100 again

    Economics
    Close-up of a petrol pump nozzle dispensing fuel at a gas station, highlighting rising fuel costs and economic impact.
  • Trump on Iran: ‘Either a great deal or no deal’ as oil price reacts

    Markets
    Marco Rubio and Donald Trump engaged in conversation at a political event, highlighting their policy discussions and inter...
  • Oil price pulls back and FTSE 100 rebounds after ‘TACO’ Trump post

    Markets
    President Trump delivering a statement on the Iran conflict in a formal press conference setting
  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

    Markets
    Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance
  • Strait of Hormuz closed over ceasefire violations, says Iran

    Economics
    Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies