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Transcript

00:00:00
>> The Nuclear deal with Iran should stay.>>
FOREIGN]
> Britain, France and Germany and the European Union, all pledged to uphold the Iran Nuclear Agreement when United States pulled-out. But Iran is now saying that, without the US, it may not get enough out of the deal to be worth it.
00:00:18
The European Union's Energy Minister, Miguel Arias Canete, met with Iran's Foreign Minister, Mohammad Javad Zarif, over the weekend. The Iranian is said to have told the Spaniard that the EU needed to act faster. To preserve their oil trade in particular. EU Investment in Iran jump tremendously after the original deal was struck back in 2015 which eased sanctions in exchange for curtailing Tehran's nuclear ambitions.
00:00:46
The oil sector alone accounts for some $23 billion. Big European companies like Airbus and Maersk Shipping Lines have also signaled they'd likely cut ties in the face of the sanctions. The EU is considering new laws to protect them from caving to the American penalties and bypassing the US financial system.
00:01:08
Meanwhile, the Trump administration says they're hopeful about what they perceived as an emerging mutual interest with Europe in recent months. Will allow the Western powers to work together again over Iran in the future, including a roadmap. From Secretary of State Mike Pompeo. The US pulled out only two weeks ago.
00:01:29
On Friday, Iran, the Europeans, China, and Russia are all expected to meet to discuss their next steps. The United States will not participate.