Pompeo reaches out to European counterparts amid Iran tensions

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Bolton noted that Trump said in announcing the U.S. exit from the Iran nuclear deal that "countries that continue to deal with Iran could face U.S. sanctions".

"The US withdrawal... is a violation of morals, the correct way to carry out politics and diplomacy and against international regulations", he said during a meeting with visiting Sri Lanka President Maithripala Sirisena.

Merkel said at a church event in the western German city of Muenster: "It is in our interest to have a strong transatlantic relationship".

On Tuesday, foreign ministers of France, Britain and Germany, the three European signatories to the nuclear agreement, discuss their response to the U.S. pullout and also hold talks with their Iranian counterpart, Javad Zarif. After two years of negative growth, the Iranian economy rebounded strongly in 2016, as international sanctions were lifted.

SEE MORE: The President Claimed The Iran Deal Expires In 7 Years.

U.S. Secretary of State Mike Pompeo said on Sunday that the United States had failed to reach an agreement with the European nations on the historic Iran nuclear deal. "However, in medium term, with the economic slowdown in Turkey and China, it is conceivable that Iran's exports could decline to 1.2 -1.4 million barrels a day", Emadi told Trend May 10. Prices have gained over 8% over the past month and 15% since the beginning of the year. I dont know how to explain why people could miss what the president was saying. And well see what happens then.

The U.S. withdrawal from the 2015 deal was "a violation of morals", he said.

"I'm hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behavior, not just their nuclear program, but their missiles and their malign behavior as well". "If you look at the advances that Iran has made under cover of this agreement, its conventional military and terrorist advances - in Iraq, in Syria, in Lebanon, in Yemen, since 2015 - Iran was really on the march". For NITC, the re-imposition of sanctions will take place in 180 days time.

The website attributed the remarks to Deputy Foreign Minister Abbas Araghchi as reported by Seyyed Hossein Naghavi, spokesman of parliament's foreign affairs commission.

"The Europeans have repeated on several occasions that they will not be able to resist US sanctions". The main impact will be on the independent tanker operators, mainly Greek, who carried as much as 50% of the Iranian crude reaching China. That is a long time in the 'world of Trump'.

Oil markets have so far reacted to President Donald Trump's decision to withdraw from the 2015 Iran nuclear deal without either enthusiasm or panic - without even much apparent interest.

The frontier has been largely quiet since the last Israel-Hezbollah war in 2006, and Hezbollah is averse to starting a new confrontation in light of its costly intervention in Syria, where it has lost hundreds of fighters.

Macron and Trump spoke by phone on Saturday, with the US president urging "the need for a comprehensive deal that addresses all aspects of Iran's destabilizing activities in the Middle East", according to a White House readout of the call. Businesses, from France's Total to Germany's Siemens and Italian steel firm Danieli, were scrambling for a share of a promising market.

"It's the same witches brew of bullish stuff: Iran, Venezuela, the lack of alacrity by Saudi Arabia to bring more oil onto the market", said John Kilduff, partner at Again Capital in New York. In that case, the Nobel Peace Prize will elude Mr. Trump.

The surge in oil prices comes at a time of tight supply amid record Asian demand and voluntary output restraint by the Organization of the Petroleum Exporting Countries and non-OPEC producers counting Russia.

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