Some OPEC members are United States 'tools,' Iran says

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White House national security adviser John Bolton said USA sanctions on European companies that maintain business dealings with Iran were "possible", while Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran.

Shortly after President Donald Trump withdrew the United States from the Iran nuclear deal last Tuesday, an adviser to a top Iranian official retaliated by dropping a bombshell threat.

Under the deal reached in 2015 between Iran and six major powers, Tehran agreed to curb its nuclear programme in return for lifting most global sanctions that crippled the country's economy.

UN Secretary General Antonio Guterres has urged Donald Trump not to walk away from an global deal created to prevent Iran acquiring nuclear weapons.

Because not just Russian Federation and China but also the United States' European allies continue to support the JCPOA, Moscow benefits from how Trump's withdrawal creates a rift between the United States and Europe.

Nimrod Barkan, Israel's ambassador to Canada, said Trump's decision actually gives Western countries the leverage they were lacking to curb Iran's development of long-range missiles and its deployment of fighters to Syria that continue to threaten Israel.

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In the wake of new US sanctions, some buyers of OPEC's third-largest oil producer said on Wednesday they would seek USA exemptions to purchase Iranian crude.

Meanwhile, the US government tried to further pinch Iran's finances by disrupting a currency exchange network allegedly used to transfer millions of dollars to Iran's Revolutionary Guard.

The bank's analysts wrote Thursday that collapsing oil production in Venezuela and potential export disruptions in Iran could push the price of Brent crude as high as $100 per barrel in 2019.

"I expect the production to remain the same until the end of this (Iranian) year", Zanganeh said.

Both Le Maire and Germany's finance minister Olaf Scholz had spoken to their USA counterpart Steven Mnuchin, urging him to consider exemptions or delays for companies already present in the country.

Iranian leaders have said they will begin enriching uranium again, in a move toward building nuclear weapons.

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It will particularly Iran's Hardliners who were against entering any sort of agreement with the US.

By removing the United States from President Obama's shortsighted deal, President Trump is making good on a promise he made to the American people.

They expect West Texas Intermediate, the most commonly cited U.S. contract, to trade $6 below the price of Brent in 2019. "We must be able to go to a site and check that site". And the third possibility is that America's allies will force it to back off and not introduce any sanctions at all.

India's statement came in the backdrop of the possibility of stricter sanctions on Iran by the US government.

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

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