Bolton says sanctions are possible against doing business with Iran

Donald Trump last night tore up the Iran nuclear deal which could force Britain's biggest businesses out of the country

President Hassan Rouhani said Sunday the country would remain in the deal if the other signatories continue to follow the agreement.

If the deal collapses completely, worldwide monitoring of Iran's nuclear facilities and restrictions placed on the country's nuclear program could end, while sanctions demanded by the USA on the Iranian oil industry and other sectors could be reimposed.

The E.U. was Iran's largest trade partner until 2012, when the Obama administration cobbled together a massive worldwide sanctions regime on the Islamic Republic ― even bringing along China and Russian Federation ― to force it to make concessions on the nuclear issue.

"I've written and said a lot of things over the years when I was a complete free agent", Bolton said when pressed on the issue regime change in Iran on CNN's "State of the Union".

Bolton, who has in political circles, a reputation as a "hawk" claimed that US sanctions will be a decisive argument and convince Europe to reconsider a deal with Iran. The administration has given companies in different sectors different windows of between three and six months to cut off business with Iran.

"The consequences of American sanctions go way beyond goods shipped by American companies because of our technology licenses to many other countries and businesses around the world".

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"There's a lot we can do to, and we should do it", said Bolton, who at the time was with the American Enterprise Institute think tank. "As those sanctions kick in, it will have an even broader effect as well", he said.

"Countries that continue to deal with Iran could face USA sanctions", he said, also suggesting that European countries may change their stance on Trump's decision to withdraw from the deal.

"They watched Europe put exactly zero sanctions on their missile program during the JCPOA", Pompeo said, adding that the regime needs "to explain why it's the case that while this agreement was in place, Iran continued it's march across the Middle East".

The or five signatory powers - China, Russia, France, United Kingdom, and Germany - remain in that agreement while Washington reactivates sanctions machinery, opening question of wher U.S. will penalize European companies with business with Iran.

But allies' increasing skepticism of any commitments by Trump and the way the weakening of the deal helps hard-liners in the Iranian government make it hard to imagine successful negotiations. "Trashing Barack Obama's accomplishments is". "The policy of the administration is to make sure that Iran never gets close to deliverable nuclear weapons".

Iran's president is also pushing for the deal to continue.

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