On Tuesday Mr Trump announced he would pull out the Iran deal sparking fears about the future of the region.
This was part of the flaw of the deal to entice Europe and the United States into economic relations with Iran that eventually would have worked against really holding Iran accountable for violations of the deal. But Bolton left open the possibility that if they do not, the USA might sanction foreign corporations that continue to do business with Iran.
Major British businesses with interests in Iran include Rolls-Royce, Vodafone and British Airways. The White House has said the USA will put those sanctions back into place.
The French finance minister said he pushed U.S. Treasury Secretary Mnuchin this week for three things: exemptions for French companies operating in Iran; or the application of a so-called grandfather clause for deals struck in Iran since 2015; or an extension of the 90-day period to wind down operations in Iran.
A deepening transatlantic rift as "flattery" fails to sway Donald Trump has left Europeans in search of new answers, including closer dealings with Russian Federation that only recently would have been unpalatable, analysts say.
"Russia could profit by getting closer to the European Union and saying 'look, we are still in agreement on some issues, we agree on this subject, against the United States". Do we accept the vassalization of Europe in commercial matters?
Bolton's comments come despite pledges from European leaders across the board that they will uphold the agreement, even after President TrumpDonald John TrumpUS paid Trump's Scottish resort for VIP hotel stays: report Michael Avenatti tweets, then deletes, Fox News booker's phone number Former Trump aide working with Russian company to lift USA sanctions: report MORE announced last week the USA would no longer honor it. It is clear the United States president feels strongly about the Iran issue claiming the agreement is "a great embarrassment" and "a giant fiction given that "we can not prevent an Iranian nuclear bomb under the decaying, rotten structure of the current agreement".
Former US ambassador to the EU Anthony Gardner tweeted that Trump's Iran pull-out "made the world a far more unsafe place" and scathingly remarked: "So much for European efforts at flattery".
"It depends on the conduct of other governments", he said. We are in regular contact with the Foreign and Commonwealth Office'.
President Trump has discussed with President Macron in France with Chancellor Merkel in Germany with Prime Minister May in England to move beyond the deal. "I think the president said in his statement on Tuesday that countries that continue to deal with Iran could face USA sanctions", he said. "President Trump's withdrawal is denying them that wealth, denying them the resources to continue their bad behavior, to take the money away from them", he said.
They called on the US not to prohibit the future success of the deal, despite its withdrawal. Don't worry about it. Take all the money you can get.