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The European Union is stuck between a rock and hard place as Iran announced last Sunday that it is now officially in breach of the limits prescribed under the Joint Comprehensive Plan of Action (JCPoA), better known as the Iran nuclear agreement, which was agreed between Iran and six global powers (UK, Russia, China, Germany, France, and the United States).
As the United States under the leadership of President Donald Trump exited that agreement and re-imposed sanctions on Iran since 2018, Iran has been urging other partners, especially the European Union to take actions in order to protect Iran’s economic interest or else Iran would be forced to breach the agreement.
As Iran’s oil exports dwindled to less than half a million barrels in May 2019, compared to 2.5 million barrels in April 2018, Iran announced that it’s taking its another step in breaching the prescribed limits in the agreement as the offers so far from the European Union have been meager compared to Iran’s economic trouble facing U.S. sanctions. Earlier this month Iran announced that it is officially in breach of the JCPoA stockpile limit, and this Sunday, it announced that it is breaching 3.67 percent enrichment limit, as the European Union failed to guarantee its economic interest under the agreement.
However, Iran has kept the door open to diplomacy as it suggested that all these steps taken in breach of the agreement remains reversible and will be reversed if the country’s concerns are addressed. Setting another 60-day deadline for the deal, Iran stepped up pressure on the European Union to take up actions to save the deal.
