Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

France gives one month to get Iran-U.S. to negotiating table

Published 10/03/2019, 01:22 PM
© Reuters. FILE PHOTO: French Foreign Minister Jean-Yves Le Drian at a September Meeting in Moscow

PARIS (Reuters) - Iran and the United States have one month to get to the negotiating table, France's foreign minister warned, suggesting that Tehran's plan to increase its nuclear activities in November would spark renewed tension in the region.

French President Emmanuel Macron attempted, but failed to broker talks between U.S. President Donald Trump and Iranian President Hassan Rouhani in New York last week.

"We consider that these initiatives, which didn't succeed, are still on the table and it is up to Iran and the United States to seize (them) in a relatively short amount of time because Iran has announced new measures to reduce its commitments to the Vienna accord in November," Jean-Yves Le Drian told parliament's foreign affairs committee.

Iran is breaching the restrictions of its 2015 nuclear deal with major powers step-by-step in response to U.S. sanctions imposed since Washington pulled out of the agreement in May of last year.

It has said its next reductions would be at the start of November and diplomats fear the next move could force European powers who are trying to salvage the accord to respond, unlike after previous breaches.

"These measures risk leading to a new period of tension and new escalation so we must take advantage of the political space that exists to move forward," Le Drian said

In New York, Macron's efforts centered around getting both sides to agree on parameters for negotiations that included ensuring Iran can never acquire a nuclear weapon, developing a regional security plan, including ending Yemen's civil war, and the lifting of U.S. economic sanctions on Iran.

Washington has repeatedly said it is prepared to hold talks with Iran on a more far-reaching deal, arguing its crippling economic sanctions will force Iran to the negotiating table. Tehran, however, has ruled out talks until those sanctions are lifted, while continuing its incremental nuclear expansion.

Macron had been trying over the past few weeks to defuse tensions between Washington and Tehran, which spiked after a Sept. 14 attack on Saudi oil facilities that Saudi Arabia, the United States and European powers blamed on Iran. Tehran has denied involvement.

© Reuters. FILE PHOTO: French Foreign Minister Jean-Yves Le Drian at a September Meeting in Moscow

"There are parameters on the table today that we think we can move forward on them and France's diplomacy is working on it," Le Drian said

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.