France bets on Arab Sunni states as Iran nuclear deal nears

 

France has asked its firms to prepare a return to Iran ahead of a likely deal with powers to curb Tehran’s nuclear program, but Paris’ tough stance in talks and ties with Sunni Arab states means its “love-hate” relationship with Iran will continue.

Despite a long history of commercial, political and social links with Iran that even saw Ayatollah Ruhollah Khomenei exiled near Paris in 1979, France has arguably been the most demanding among the six powers negotiating a final accord.

The talks will continue past Tuesday’s deadline for a comprehensive agreement intended to open the door to ending sanctions that have crippled Iran’s economy in exchange for limits on its most sensitive nuclear activities for at least a decade.

France’s position risks alienating its companies once international sanctions are lifted and Iran is able to collect debts from overseas banks that may exceed $150 billion and attract companies to invest across all sectors, from its aging hydrocarbon-based energy system to transport and general construction.

“Everyone is looking at Iran with greed,” said a senior French official. “It’s an important market, but it’s not the only one. There was a strategic decision to be made on who could face Iran as it pushes its pawns in the region. That’s Saudi Arabia and Egypt. That’s the choice we’ve made.” (Tribune)