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Iran Urges EU To Provide More Oil Purchase Guarantees

• https://www.zerohedge.com, Tyler Durden

Mohammad Javad Zarif said,

"We are still waiting for Europe to take action on the sale of Iranian oil and the preservation of banking channels," highlighting once again the tough choice the European Union is facing.

Some, such as President Trump's national security adviser John Bolton, have put it bluntly:

the EU must choose between Iran and the United States.

Yet the EU seems loath to make such a crude choice and is trying to maneuver between the two.

After triggering legislation known as the blocking statute, which effectively prohibits European companies from complying with third-party sanctions, the EU last week approved an aid package of about US$21 million (18 million euro) for Iran to mitigate the effect of the U.S. sanctions. The package is part of a bigger one to the tune of US$58 million (50 million euro) in a bid to stop Iran from dropping the nuclear deal.

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