European Union to SNUB Trump and continue trading with Tehran

Ali Akbar Velayati a senior advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei

Ali Akbar Velayati a senior advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei

The EU move comes a day before Trump and Iranian President Hassan Rouhani separately address the UN General Assembly, with the USA leader expected to take a hard line on Iran.

Ali Akbar Velayati, a top adviser to Iran's Supreme Leader Ayatollah Ali Khamenei. "Maybe someday in the future", the president tweeted.

Speaking before a gathering of senior officials from Britain, China, Germany, Russia and Iran, the EU's Federica Mogherini made the case for Iran remaining in the deal that U.S. President Donald Trump abandoned on May 8.

"Naturally, if someone is keen on having a meeting and holding dialogue and creating progress in relationships, that person would not use the tool of sanctions and threats [and bring] to bear all of its power against another government and nation", Rouhani told NBC News.

Rouhani also had already rejected a meeting with Trump while in the Big Apple, slamming an offer of talks as "not genuine".

"That means that the necessary willpower is absent in order to resolve outstanding issues", he added. Japan, one of Iran's largest oil importers, was seeking a waiver that would allow it to continue buying Iranian oil.

"Mindful of the urgency and the need for tangible results", Mogherini said, "participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special objective vehicle to facilitate payments related to Iran's exports, including oil, and imports, which will assist and reassure economic operators pursuing legitimate business with Iran". "And it will be open to other partners in the world".

On Sunday, Pompeo and ambassador Haley gave interviews on USA media in which they both mentioned that Trump was not averse to meeting Iran's rulers.

The Trump administration also accused Iran of promoting worldwide terrorism, which has been defiantly denied by Tehran.

Trump said in July that he was ready to meet Rouhani without preconditions to negotiate a new deal.

As a private citizen, Bolton had advocated supporting Iran's armed opposition, a position reiterated recently by former NY mayor Rudy Giuliani, who serves as Trump's personal lawyer.

Speaking to reporters in Tehran on Tuesday, Ali Akbar Velayati, the Leader's advisor on worldwide affairs, said, "Trump's and Pompeo's dream will never come to reality and this is definitive".

Al Jazeera's Shihab Rattansi, reporting from the United Nations headquarters in NY, said the new entity will act as a "clearing house, a middle man, so to speak, between Europeans and Iranians as they try to do business". "I think that would be an important and interesting conversation".

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