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US-Iran confrontation has increased danger for oil shipping in the Gulf (Photo: European Community)

US scorns EU bailout of Iran deal

Gulf tensions have intensified after Iran reacted to US threats by speeding up nuclear enrichment.

The EU had put up $15bn (€14bn) to bailout international diplomacy.

But hawkish US talk derailed the French-led initiative.

"From Friday (6 September), we will witness research and development on different centrifuges ... needed for enriching uranium in an accelerated way," Iranian president Hassan Rohani said on state TV on Wednesday.

"It is unlikely that we will reac...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

US-Iran confrontation has increased danger for oil shipping in the Gulf (Photo: European Community)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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