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The financial channel Europe came up with as part of its efforts to keep the nuclear deal with Iran alive,
makes no sense if it cannot be used for issuing credits to the Islamic Republic, according to one of its top diplomats.
"We believe that [the Instrument in Support of Trade Exchanges, or INSTEX] will be no good unless there is enough credit," Deputy Foreign Minister of Iran Seyyed Abbas Araghchi said, as cited by Irna.
Apart from credits, if the trade mechanism functioned it would also create revenues for Iran by facilitating purchases of its crude, but none of the elements is working, the diplomat pointed out.
The high-ranking diplomat's statement came on Sunday, just after Tehran announced that it will increase uranium enrichment above the limit set under the 2015 nuclear agreement, officially called the Joint Comprehensive Plan of Action (JCPOA). Araghchi also warned that Iran may further reduce its commitments if its European colleagues fail to fulfill theirs.
Comment: Carlson's interview also includes reaction and analysis from journalist Nick Pope, who once investigated UFO sightings for the British Ministry of Defense on this topic.