Iran's foreign minister yesterday began attempts to salvage the nuclear deal in China, the country's biggest trade partner, rather than Brussels, increasing fears that President Trump's decision to pull out of it will marginalise Europe.
They were shifting the balance of power in the Middle East until President Trump got out of this deal, he said adding that the policy of the administration is to make sure that Iran never gets close to a deliverable nuclear weapon.
"The commitment of Saudi Arabia and the rest of Opec to the production cuts is a major factor in supporting the price at the moment, as well as the possibility of reduced exports from Iran due to sanctions", said William O'Loughlin, investment analyst at Rivkin Securities.
Germany, which has had trade relations with Iran since the 1970s, was also witnessing an increase in its exports. Imports totalled $6.8 million, with dates contributing over half. "He (Trump) makes the decisions and the advice I give him is between us".
The worst case is war in the Middle East or a nuclear-armed Iran that is willing to strike at America.
In a Fox News interview in January, Bolton said the United States should take steps such as increasing economic pressure on Iran and providing support to opponents of the government.
The meeting comes amid fears that European companies may face reprisals from the USA for breaching American sanctions by continuing to operate in Iran. After studying other examples of nuclear proliferation, including that of North Korea, Nicholas Miller and Vipin Narang conclude: "Policies that depend on hoping for the regime to fail or fall are misguided in a world where impoverished dictators can indigenously master nuclear technology".
Ahead of the meeting, Mr Johnson said: "We are going to have a conversation about what we can do to help United Kingdom firms and help European firms have confidence that they can still do business".
Wang said China will take an "objective, fair and responsible attitude, keep communication and cooperation with all parties concerned, and continue to work to maintain the (Iran nuclear) deal".
"Principally, New Zealand must reject [the sanctions] but they declare they're going to obey European Union countries, I think they will have the same policy that European Union will have in the coming weeks".
The other signees had urged Washington to remain in the deal.
Before leaving Iran, Zarif published a government statement via Twitter criticising Trump's "extremist administration" for abandoning "an accord recognised as a victory of diplomacy by the worldwide community".
European countries and companies that continue to do business with Iran could face United States sanctions, National Security Adviser John Bolton said Sunday.
The U.S. decision reignited the danger of economic crisis for Iran, which is now at the center of Tehran's diplomatic efforts.
Bolton said Europe was still digesting Trump's May 8 move.
"We don't want to be this position in which America is out but nothing clearly happens on the ground", Amidror said.
Germany said it will spend the next few months trying to persuade Washington to change its mind.
In an interview with ZDF public television, Altmaier noted that the United States has set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period can be used to convince Washington to change course.