The Guardian | Patrick Wintour: The EU is looking to provide European companies trading with Iran access to emergency credit lines and funding support if President Trump presses ahead with his plan to withdraw from the Iran nuclear deal.

An American pull-out, leading to the reimposition of a tough sanctions regime, would also expose multinational firms trading with Iran to potentially devastating loss of financial support by commercial banks. The US is due to make a decision on 12 May, and has the potential to pitch Europe and the US into conflict.

Contingency plans were discussed by EU foreign ministers this week as they battle to persuade the US administration that it is better to leave the nuclear deal intact, and address separately other criticisms of Iran, notably its ballistic missile program.

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