Millions of Iranians have been casting their ballots for a new president. Voters have a choice between six candidates to replace incumbent Mahmoud Ahmadinejad. Only one of the candidates is considered slightly moderate.
The US said it would impose "unprecedented financial pressure on Iran." The refusal to grant EU businesses an exemption for Iran sanctions pushes Europe and the US further down a collision course over ties to Tehran.
The EU has been leading the efforts to salvage the nuclear deal with Iran following the US withdrawal from the international agreement. But the threat of imminent US sanctions is already having an impact on Iranians.
As US sanctions on Iran are set to resume, Iranian President Rouhani is visiting Europe in a bid to keep his country from economic isolation. But the ability of EU partners to make a difference remains questionable.
European signatories to the Iran nuclear deal have written to key US officials, urging them to respect Europe’s commitment to the deal. They stressed that EU firms active in Iran should be spared from sanctions.
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