Iran hails 'constructive meeting' with European Union on nuclear deal

Crude oil surged 7% so far in 2018 and hit a three-year high of $64.81 a barrel on Monday reflecting confidence that an epic supply glut may finally be over because of production cuts by OPEC and Russia

Iran hails 'constructive meeting' with European Union on nuclear deal

Iran's foreign minister said Sunday he was hopeful of forging a "clear future design" for the nuclear deal facing collapse after Washington's withdrawal, at the start of a diplomatic tour aimed at rescuing the agreement. He is expected to visit Brussels as well to hold talks with his counterparts from Germany, Britain, and France as well as the European Union foreign policy chief.

This is the first time that Iran has issued an ultimatum since US President Donald Trump announced last week that Washington was withdrawing from the nuclear pact and reimposing crippling sanctions on Tehran, sparking worldwide concern and outrage.

The consulting company believes that admittedly, the prospect of secondary sanctions may deter other countries from importing Iranian crude. Also, the economic sanctions by the USA will resume after the grace period of between 90 days and 180 days.

The White House said Trump had spoken with French President Emmanuel Macron on Saturday and "reiterated the need for a comprehensive deal that addresses all aspects of Iran's destabilzing activity in the Middle East".

President Donald Trump is to decide by May 12 whether to pull out of the worldwide deal with Iran. Not only is it one of the US companies making parts for Airbus, but it has also received big parts orders for oil and gas facilities in Iran. "How will that force Iran back to the table?"

"As far as we are aware, the European troika, China, Iran and Russian Federation have announced their plans to comply with the JCPOA", he said.

"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added.

British Foreign Secretary Boris Johnson told his Parliament that Britain will continue to respect the deal as long as global inspectors can verify Iran's compliance.

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The hand over of power will proceed according to plan and take place during the mid-term of the new administration. Asked about Anwar's health, Dr Wan Azizah, who is the MP for Pandan, said her husband was recovering.

Tapper tried again: "Is the USA going to impose sanctions on European companies that continue to do business with Iran?".

"But for Canada's objective, we make our decisions around foreign policy here in Ottawa, not in Washington, not elsewhere".

"I want to stress that that does not mean we are in any sense not going to be working with the Americans", Johnson said, adding: "it's vital that we continue to engage with the U.S. and continue to interrogate our friends in Washington about how they see the nuclear deal developing".

Officials are considering whether a drop in Iranian exports and a decline in supply from another OPEC member, Venezuela, demands adjusting the deal that runs to the end of 2018. "They agreed for talks to take place between our teams".

"The Europeans have repeated on several occasions that they will not be able to resist United States sanctions".

Iran has said it is preparing to resume "industrial-scale" uranium enrichment "without any restrictions" unless Europe can provide solid guarantees that it can maintain trade ties despite renewed U.S. sanctions.

Iranian leaders have said they will begin enriching uranium again, in a move toward building nuclear weapons. Such willful ignorance led to the misbegotten Iraq War, and now could drag the United States into a war with Tehran. According to the law, foreign economic institutions conducting transactions with the central bank in Iran are prohibited from doing business with USA -based financial institutions.

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