The European Union clearly has this at their doorstep and they should thank the president of the United States, Donald Trump, for deciding to pull out of the Iranian nuclear deal. I think the current situation could make the EU position a lot stronger, and it is an opportunity for France and Germany to play a global role and emboss the euro as an alternative benchmark currency like the U.S. dollar. Trump has just put fuel to the fire by pulling out of the nuclear deal and imposing sanctions on Iran. The EU: France, Germany and the U.K. are not pleased with the U.S. situation especially, France particularly. EU, France, Germany and the U.K. will meet Iran on May 15, and the discussion would involve one key area; Iran needs assurance that the nuclear deal will not be sabotaged.

Source: Forbes May 11, 2018 14:02 UTC