US won’t waive sanctions to allow French-proposed Iran credit line

A senior US official rules out issuing waivers to Iran sanctions to permit a French-proposed credit line, which Tehran says could bring it back to full compliance with the nuclear deal.

“We can’t make it any more clear that we are committed to this campaign of maximum pressure and we are not looking to grant any exceptions or waivers,” Brian Hook, the State Department coordinator on Iran, tells reporters.

He adds, however, that he has not yet seen a “concrete” French proposal and could therefore not comment on the idea.

Iran’s Foreign Minister Mohammad Zarif holds talks in Biarritz on August 25, 2019 with France’s President Macron and Foreign Minister Jean-Yves Le Drian (Handout photo via AFP)

French President Emmanuel Macron has been seeking to ease soaring tensions by bringing some economic relief to Iran and last month appeared to draw President Donald Trump’s interest when Macron said he hoped to arrange a summit between the US leader and his counterpart Hassan Rouhani.

Iran has been threatening to take new actions to curb its compliance with a 2015 denuclearization deal, from which Trump withdrew last year as he reimposed punishing sanctions.

— AFP

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