Although the European Union (EU) has vowed to create a special purpose vehicle to continue trade with Iran after the U.S. sanctions on Tehran’s oil return next week, the bloc is struggling with the set-up of such vehicle because no EU member is willing to host it for fear of angering the United States, the Financial Times reported on Sunday, citing EU diplomats. The EU said last month that the foreign ministers of China, France, Germany, Russia, and the UK—the countries still in the Iran nuclear deal—met with Iran’s foreign minister and decided to create a special purpose vehicle for dealings with Iran. After the meeting, Federica Mogherini, the High Representative of the EU for Foreign Affairs and Security Policy, said that with the planned vehicle, “In practical terms this will mean that EU Member States will set up a legal entity to facilitate legitimate financial transactions with Iran […]