EIB President Werner Hoyer said that while he supported European Union efforts to keep alive the 2015 deal which curbed Tehran's nuclear ambitions, Iran is a place "where we can not play an active role".
Araqchi, who was on a visit to New Delhi to attend the fifteenth round of Foreign Office Consultations between Iran and India, says India is one of the biggest customers of Iran's crude oil and the Islamic Republic has been a reliable supplier for India.
According to The New Yorker, Israel, Saudi Arabia and the United Arab Emirates suggested to Trump that the USA should offer to cancel the Ukraine-related sanctions it imposed on Russia four years ago in exchange for Russian action to remove Iranian forces from Syria. Also, the Trump administration is considering options on releasing oil from the strategic petroleum reserve, which, again, would seek to offset supplies from disrupted locations around the world.
The second person cited above pointed out that Iranian comments could be Tehran's way of pressuring India, given that all countries were looking to ensure the best deal for themselves before the first set of United States sanctions kicked in on 4 August. "At the same time the U.S. is also an important partner for India with which India worked on similar issues in the past", said the second person, requesting anonymity.
Mnuchin said he would meet counterparts from developed and developing countries on the sidelines of a Group of 20 finance ministers' meeting in Buenos Aires from July 19 to 22.
Former Indian ambassador to the US Arun Singh was of the view that the current situation-in a broad manner-was similar to what was prevailing between 2012-15 before the Iran nuclear deal was negotiated.
Gabriel Collins, Botts fellow in Energy and Environmental Regulatory Affairs at Rice University's Baker Institute for Public Policy, said that "starting the sanction issue will head it into a very different environment than we faced in 2014 and 2015 when we were putting the Iranians to the negotiating table". "That's something that Treasury and State will be doing", he said.
The U.S. has rejected requests from a group of ministers from Germany, France, the United Kingdom to provide exemptions to sanctions on Iran for certain industries.
Geraint Thomas retains lead with stage victory on Alpe d'Huez
Cavendish entered the race hoping to add to his 30 stage wins at the Tour and close in on Eddy Merckx's record of 34. Thomas's victory leaves Sky boss Sir Dave Brailsford with an intriguing tactical dilemma.
Paris had singled out key areas where it expected exemptions or extended wind-down periods for French companies, including energy and banking.
The softer stance Washington announced on Iranian oil exports on July 16 helped send premium crude prices down by 4.4 percent to about $72 a barrel in London trading.
Japanese refiners have said they will look at alternative supplies from other Middle Eastern oil producers, including Saudi Arabia and Kuwait, as well as from West Africa, to make up for Iranian oil grades when necessary. He did not name the country he had not yet consulted.
"The private-sector refineries will cut the imports because, they too will be very wary of the United States sanctions affecting them elsewhere", said Lalit Mansingh former Indian envoy to the US.
AMSTERDAM - Iran has filed a suit against the United States alleging that Washington's decision in May to impose sanctions after pulling out of a nuclear deal violates a 1955 treaty between the two countries, the International Court of Justice said on Tuesday.
"Today Iran filed a complaint @CIJ_ICJ to hold the United States accountable for its unlawful re-imposition of unilateral sanctions", Zarif tweeted.
Iranian Foreign Minister Mohammad Javad Zarif said that in addition to political commitment, Europe should take practical steps to ensure the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), will survive. "It's imperative to counter its habit of violating (international) law", he added.