Published: Thu, May 10, 2018
Health Care | By Oscar Goodwin

Oil prices boom to highest levels in more than 3 years

Oil prices boom to highest levels in more than 3 years

Le Drian's comments came a day after Trump declared that the US would withdraw from the 2015 deal, which sought to forestall Iran's development of nuclear weapons in exchange for sanctions relief on the Islamic Republic.

The 2015 accord "is delivering on its goal which is guaranteeing that Iran doesn't develop nuclear weapons, the European Union is determined to preserve it", Mogherini said.

Trump lashed out against Kerry on Twitter on Monday, just one day before announcing his decision to leave the Iran deal. The U.S. exit from the deal throws billions of dollars of planned European investments into disarray.

It was signed by his predecessor President Obama and the five permanent members of the UN Security Council - the US, UK, France, China and Russian Federation - as well as Germany.

But the move has isolated the USA from allies in Europe - Britain, France and Germany - that are also signatories to the deal and earnt criticism from other traditional allies, including Australia.

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French President Emmanuel Macron spoke to Iranian President Hassan Rouhani by phone Wednesday for more than an hour.

The exhortation from Khamenei, who has the final say on all state matters, follows a pattern of Iranian leaders declaring their nation's ability to resist foreign pressure or interference. The French presidency said Rouhani expressed the wish to "do everything to stay in the deal".

"The US wishes to tell the Islamic Republic what to do, but the Iranians are an independent nation and Americans can not stand this", Khamenei said.

Trump's call to pull out of the Iran nuclear deal shouldn't come as quite a surprise, because he didn't let go of any chance to slam the Obama administration during his presidential campaign for making Iran a "world power". He said that he wished to discuss the decision with the European, Russian and Chinese parties to the 2015 deal.

Defense Secretary Jim Mattis told a congressional hearing Wednesday that the U.S.

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"The re-imposition of USA sanctions on Iran is unlikely to have a major impact on global oil supply", Pugh said.

Hours after President Donald Trump announced pulling the United States out of an global agreement aimed at stopping Iran from obtaining a nuclear bomb, Pakistan expressed on Wednesday its serious concerns over the move.

"It is clear to me that we can not prevent Iran nuclear bomb".

The sanctions Trump reimposed on Iran will not take full effect for six months, but there is a chance Iran's oil exports could fall significantly.

While the United States has debated the JCPOA, Iran has advanced in Syria, Yemen, and elsewhere with little resistance, and prospects for war between Iran and Israel, or Iran and Saudi Arabia, have increased significantly.

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EU Commission President Jean-Claude Juncker said in a speech to a Belgian regional parliament that Trump's decision shows the U.S.

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