On the 40th anniversary of the Islamic Revolution, Iran faces political and economic hardship. Despite US sanctions and tensions with the Iranian leadership, the EU is committed to trade with Iran. That is proving to be a lifeline for Iranian firms.
Foreign ministers have met in Brussels hoping to reduce tensions between the US and Iran. Britain has suggested there is a "small window" to keep the nuclear deal alive with the EU echoing those sentiments.
The EU's plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.
Germany, France and Britain have called for "responsible" action to reduce tensions between Tehran and the United States. Iran has breached the terms of the 2015 nuclear deal by raising limits on uranium enrichment.
Iran has begun enriching uranium and has said a third deliberate violation of the 2015 nuclear deal could come. It has called on the other signatories of the deal to find ways around US sanctions.
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