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Analyst: Europe Unlikely to Do Miracle in 60 Days

Analyst: Europe Unlikely to Do Miracle in 60 Days Analyst: Europe Unlikely to Do Miracle in 60 Days

It would be too optimistic to expect Europe to take an extraordinary measure to protect Iran against the United States' sanctions within the 60-day deadline set by Tehran, an analyst said. 
The US reimposed previous sanctions and continues to enact new restrictions on Iran's trade since Washington’s withdrawal from the 2015 nuclear deal, official known as the Joint Comprehensive Plan of Action, in May 2018. 
Other parties have failed to preserve Iran's benefits under the deal despite their pledges, compelling Tehran to take reciprocal action after exercising patience for a year. 
On Wednesday, Iran declared that it will stop complying with two of its commitments under JCPOA, giving the remaining signatories 60 days to make good on promises to protect its oil and banking sectors from renewed US sanctions. 

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