Iranian Foreign Minister visits Russia, China to save nuclear deal

Meeting between European FMs and Iran representative

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.

Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week.

President Donald Trump's announcement on Tuesday that the United States was exiting the 2015 nuclear accord was met with widespread dismay by its other signatories - Britain, China, France, Germany and Russian Federation.

Tehran has warned it is preparing to resume "industrial-scale" uranium enrichment "without any restrictions" unless Europe can provide solid guarantees that it can maintain the economic benefits it gained from the nuclear agreement despite the USA reimposing sanctions.

John Bolton, Trump's national security adviser, predicted that "the Europeans will see that it's in their interests to come along with us" rather than continue with the 2015 deal, under which major European corporations have signed billions of dollars of contracts in Iran.

He added that he believes Iran "never made a strategic decision to give up nuclear weapons".

Addressing the claim that the deal has an expiration date, at which time Iran is free to return to its military nuclear program, O'Sullivan said that "this is a deal, in perpetuity, where Iran commits itself firmly and solidly before the worldwide community that it will never acquire a nuclear weapon".

USA sanctions on Iran will have a six-month period during which buyers should "wind down" oil purchases, meaning any loss of supply will not be immediately felt in the market. They now say they intend to negotiate with Iran to salvage what's left of the deal.

Boris Johnson has called on Iran to stick to its nuclear agreement with the UK, France and Germany in a bid to protect companies fearful of being penalised for doing business there.

Bolton said Europe was still digesting Trump's move last week. We will remind, the White house released a list of demands the Iran.

Shariatmadari said Europe is seemingly after continuing the "disastrous trend" the United States created, as it calls on Iran to remain faithful to the pact and accept the USA demands, while Washington has stopped honouring its obligations.

"The banks didn't want to be left holding the baby", said Nigel Kushner a sanctions specialist and chief executive of British law firm W Legal.

Mohammad Javad Zarif's tour starts two days after unprecedented Israeli strikes in Syria which a monitor said killed at least 11 Iranian fighters, triggering fears of a broader conflict between the two arch-enemies.

That appears unlikely after Mnuchin said this week that he intends to revoke licenses for the Airbus sales as well as planned plane sales by USA manufacturer Boeing.

The recent talks between the USA and European diplomats on how to fix the current Iran agreement foundered on the question of how to address the easing beginning in eight years of the nuclear constraints.

In a tweet on Sunday, Trump wrote: "Remember how badly Iran was behaving with the Iran Deal in place".

"We are waiting now for how the decision-makers in the European Union will react".

After the talks, Zarif praised the "excellent cooperation" between Moscow and Tehran and said Lavrov had promised him to "defend and keep the agreement".