Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Europeans launch UN sanctions process against Iran, drawing Tehran ire
    Headlines

    Europeans launch UN sanctions process against Iran, drawing Tehran ire

    Europeans launch UN sanctions process against Iran, drawing Tehran ire

    Published by Global Banking and Finance Review

    Posted on August 28, 2025

    Featured image for article about Headlines

    By John Irish, Parisa Hafezi and Michelle Nichols

    PARIS/UNITED NATIONS (Reuters) -Britain, France and Germany on Thursday launched a 30-day process to reimpose U.N. sanctions on Iran over its disputed nuclear programme, a step likely to stoke tensions two months after Israel and the United States bombed Iran.

    A senior Iranian official quickly accused the three European powers of harming diplomacy and vowed that Tehran would not bow to pressure over the move by the E3 to launch the so-called "snapback mechanism".

    The three powers feared they would otherwise lose the prerogative in mid-October to restore sanctions on Tehran that were lifted under a 2015 nuclear accord with world powers.

    French Foreign Minister Jean-Noel Barrot said the decision did not signal the end of diplomacy. His German counterpart Johann Wadephul urged Iran to now fully cooperate with the U.N. nuclear watchdog agency and commit to direct talks with the United States over the next month.

    A senior Iranian official told Reuters the decision was "illegal and regrettable" but left the door open for engagement.

    "The move is an action against diplomacy, not a chance for it. Diplomacy with Europe will continue," the official said, adding: "Iran will not concede under pressure."

    The U.N. Security Council is due to meet behind closed doors on Friday at the request of the E3 to discuss the snapback move against the Islamic Republic, diplomats said.

    Iran and the E3 have held several rounds of talks since Israel and the U.S. bombed its nuclear installations in mid-June, aiming to agree to defer the snapback mechanism. But the E3 deemed that talks in Geneva on Tuesday did not yield sufficiently tangible commitments from Iran.

    The E3 acted on Thursday over accusations that Iran has violated the 2015 deal that aimed to prevent it developing a nuclear weapons capability in return for a lifting of international sanctions. The E3, along with Russia, China and the United States, were party to that accord.

    U.S. President Donald Trump pulled Washington out of that accord in 2018 during his first term, calling the deal one-sided in Iran's favour. His second administration held fruitless indirect negotiations earlier this year with Tehran.

    U.S. Secretary of State Marco Rubio welcomed the E3 move, saying the Europeans had laid out a clear case of Tehran's “significant non-performance" on its nuclear commitments.

    Rubio said the United States remained available for direct engagement with Iran "in furtherance of a peaceful, enduring resolution to the Iran nuclear issue".

    An Iranian source said Tehran would do so only "if Washington guarantees there will be no (military) strikes during the talks".

    The E3 said they hoped Iran would engage by the end of September to provide commitments over its nuclear programme sufficient for them to defer concrete action.

    "The E3 are committed to using every diplomatic tool available to ensure Iran never develops a nuclear weapon. That includes our decision to trigger the 'snapback' mechanism today through this notification," they said in a letter sent to the U.N. Security Council and seen by Reuters.

    "The E3's commitment to a diplomatic solution nonetheless remains steadfast. The E3 will fully make use of the 30-day period following the notification in order to resolve the issue giving rise to the notification."

    Iran has previously warned of a "harsh response" if sanctions are reinstated and the Iranian official said it was reviewing its options, including withdrawing from the nuclear Non-Proliferation Treaty.

    The E3 had offered to extend the snapback for as much as six months to enable serious negotiations if Iran resumes full U.N. inspections - which would also seek to account for Iran's large stock of enriched uranium that has not been verified since the June strikes - and engages in talks with the United States.

    GROWING FRUSTRATION IN IRAN

    The U.N. process takes 30 days before sanctions that would hit Iran's financial, banking, hydrocarbons and defence sectors are restored.

    Growing fears of renewed United Nations sanctions are stirring frustration in Iran, where economic anxiety is rising and political divisions are deepening, three insiders close to the government said.

    As the prospect of tighter international restrictions threatens to further isolate the Islamic Republic, officials in Tehran remain split — with anti-Western hardliners urging defiance and confrontation, while moderates advocate diplomacy.

    Iran's rial has weakened sharply since Wednesday after a Reuters report about the E3 moving to trigger the return of United Nations sanctions.

    Iran has been enriching uranium to up to 60% fissile purity, a short step from the roughly 90% of bomb-grade, and had enough material enriched to that level, if refined further, for six nuclear weapons, before the airstrikes by Israel started on June 13, according to the IAEA, the U.N. nuclear watchdog.

    Actually manufacturing a weapon would take more time, however, and the IAEA has said that while it cannot guarantee Tehran's nuclear programme is entirely peaceful, it has no credible indication of a coordinated weapons project.

    The West says the advancement of Iran's nuclear programme goes beyond civilian needs, while Tehran says it wants nuclear energy only for peaceful purposes.

    (Additional reporting by Francois Murphy in Vienna, Alexander Ratz in Berlin and Daphne Psaledakis in Washington; editing by Ros Russell and Mark Heinrich)

    Related Posts
    Spanish city evicts hundreds of migrants from occupied building
    Spanish city evicts hundreds of migrants from occupied building
    US confirms tariff elements of trade deal with Switzerland
    US confirms tariff elements of trade deal with Switzerland
    Swedish explosives start-up gets permit for TNT factory
    Swedish explosives start-up gets permit for TNT factory
    US gaming platform Roblox pledges changes to get Russian ban lifted
    US gaming platform Roblox pledges changes to get Russian ban lifted
    Italy, France say it's 'premature' to sign EU-Mercosur trade deal
    Italy, France say it's 'premature' to sign EU-Mercosur trade deal
    Germany warns against jeopardizing peace after Trump's Venezuela tanker blockade
    Germany warns against jeopardizing peace after Trump's Venezuela tanker blockade
    Analysis-Gold forecast to glitter again next year despite biggest gain since 1979
    Analysis-Gold forecast to glitter again next year despite biggest gain since 1979
    UK police plan tougher action against antisemitic chants and protests
    UK police plan tougher action against antisemitic chants and protests
    Explainer-What's next for the Gaza ceasefire and will the truce last?
    Explainer-What's next for the Gaza ceasefire and will the truce last?
    Warner Bros Discovery board rejects rival bid from Paramount
    Warner Bros Discovery board rejects rival bid from Paramount
    UK tells Abramovich to give Chelsea sale cash to Ukraine or face court
    UK tells Abramovich to give Chelsea sale cash to Ukraine or face court
    European parliament approves citizens' initiative to help abortion access across EU
    European parliament approves citizens' initiative to help abortion access across EU

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    UK's Duke of Marlborough charged with intentional strangulation

    UK's Duke of Marlborough charged with intentional strangulation

    Ukraine says it controls 90% of Kupiansk, Russia denies it

    Ukraine says it controls 90% of Kupiansk, Russia denies it

    Freed Nobel laureate Bialiatski sees Belarus sliding back to Soviet times

    Freed Nobel laureate Bialiatski sees Belarus sliding back to Soviet times

    Cyberattack on French interior ministry's email servers compromised more than 20 files

    Cyberattack on French interior ministry's email servers compromised more than 20 files

    WTO chair rules out reform deal at next major meeting, document shows

    WTO chair rules out reform deal at next major meeting, document shows

    EU Parliament approves phase out of Russian gas imports

    EU Parliament approves phase out of Russian gas imports

    Putin says Russia will achieve war goals, keep expanding 'buffer zone'

    Putin says Russia will achieve war goals, keep expanding 'buffer zone'

    Italy's Meloni says it's still 'premature' to sign EU-Mercosur trade deal

    Italy's Meloni says it's still 'premature' to sign EU-Mercosur trade deal

    Russian attack on Ukraine's Zaporizhzhia injures 26, governor says

    Russian attack on Ukraine's Zaporizhzhia injures 26, governor says

    Decline in UK industrial orders eases slightly, CBI says

    Decline in UK industrial orders eases slightly, CBI says

    Italy's Meloni says using frozen Russian assets for Ukraine 'far from easy' ahead of EU summit

    Italy's Meloni says using frozen Russian assets for Ukraine 'far from easy' ahead of EU summit

    UK removes duplicate entries from sanctions lists, designations remain in place

    UK removes duplicate entries from sanctions lists, designations remain in place

    View All Headlines Posts
    Previous Headlines PostFrench finance minister sees no risk of financial crisis, despite political woes
    Next Headlines PostPolish oil company Orlen to build small nuclear power