As #Iran nuclear deal flounders, France turns to #Saudi for oil - Reuters

As Iran nuclear deal flounders, France turns to Saudi for oil - Reuters:

Over the past year, France has led a European push to keep trade with Iran alive after the United States tore up the nuclear deal with Tehran and re-imposed sanctions. But over the same period, data shows France has cut purchases of Iranian oil and sharply increased imports from Iran’s arch-enemy Saudi Arabia.

In recent weeks, France has used its energy needs to justify a surge in arms sales to the kingdom, even if there is no evidence the 50 percent increase in Saudi purchases of French arms last year was conditional on France buying Saudi oil.

The surge in France’s buying of Saudi oil shows Paris is doing less business with Iran even as it publicly encourages European partners to find a way to keep trade with Tehran flowing via the Franco-German-British Instex trade system.