Mike Pompeo: US wants to work with Europe on new Iran deal

Crude oil surged 7% so far in 2018 and hit a three-year high of $64.81 a barrel on Monday reflecting confidence that an epic supply glut may finally be over because of production cuts by OPEC and Russia

Secretary of State Mike Pompeo told Fox News that he hopes to work with European leaders to come up with a broader agreement to replace the Iran nuclear deal. Germany and France have significant trade links with Iran and remain committed to the nuclear agreement, as does Britain, and all three countries' foreign ministers plan to meet on Tuesday to discuss it.

President Trump announced plans for sanctions when he confirmed on Tuesday that he was pulling the USA out of the Iran nuclear deal - which he said was "rotten", "horrible" and "one-sided".

German Foreign Minister Heiko Maas said that "it won't be easy, that's clear to all of us".

Ushakov said Putin will discuss the United States withdrawal from the Iranian deal with German Chancellor Angela Merkel and French President Emmanuel Macron, who are set to visit Russian Federation later this month.

"While prices are now rising on Trump's decision to reimpose sanctions on Iran, we may see some limitations to the rally as any lost volumes can be supplied by other producing nations". "Iran's Islamic Revolutionary Guard Corps bears full responsibility for the consequences of its reckless actions, and we call on the IRGC and its militant proxies, including Hezbollah, to take no further provocative steps".

Zarif's delicate diplomatic mission has been complicated by reports of clashes between Iranian and Israeli forces in Syria.

Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal.

"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added.

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In a presentation Monday that made use of large visual aids, Netanyahu said Israeli intelligence had uncovered a trove of documents from Iran's "nuclear archives".

After long negotiations, Iran had agreed in July 2015 to freeze its nuclear programme in return for the lifting of punishing global sanctions.

When asked whether Washington would impose sanctions on European firms, Bolton told CNN: "It's possible". How the United States can counter that is a puzzle, because Obama gave away much of the leverage we once had.

After years of talks, Iran agreed in July 2015 to freeze its nuclear programme in return for the lifting of punishing worldwide sanctions.

This, along with its diplomatic moves to orchestrate an end to the Syrian conflict, has put Moscow at loggerheads with the U.S. and Europe, which have intervened against the regime.

While Ushakov noted that the pact's signing had been planned for long time, the move coincides with the U.S. exit from the 2015 nuclear deal with Iran that set the stage for re-imposing painful economic sanctions against Iran and rattled many USA allies. Such willful ignorance led to the misbegotten Iraq War, and now could drag the United States into a war with Tehran. If that happens, South Korea will suffer from a sharp decline in its exports to Iran, which amounted to four-billion U.S. dollars previous year.

Riedel noted that the US was no longer playing the role it has traditionally occupied in the Middle East.

The Iranian foreign minister went on to say that the interests of all sides hinge on economic relations among them free from Washington's undue interferences.

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