Russia: Iran Must Offer Concessions on Nuclear Deal

Oil could hit $100 a barrel in 2019 Bank of America

US President Donald Trump said the deal was "horrible" because of expiry dates on its restrictions and because it did not cover Iran's ballistic missile programme or its regional influence.

Iran signed the nuclear deal in 2015 with the United States, as well as Britain, China, France, Germany and Russian Federation.

"The final aim of these negotiations is to seek assurances that the interests of the Iranian nation will be defended", Zarif said at the start of a meeting.

"China will take an objective, fair and responsible attitude, keep communication and cooperation with all parties concerned, and continue to work to maintain the deal", Wang said, adding the agreement was "hard-earned". The agreement stipulated a gradual lifting of anti-Iranian economic sanctions in exchange for Tehran curbing its nuclear program and allowing inspections to ensure that the nature of the program is peaceful.

In this letter, Zarif requested the European Union foreign policy chief to organize a meeting of the JCPOA Joint Commission to discuss the USA pullout.

In their opening remarks, Lavrov said Russia, Iran and the other signatories of the deal, including China and three European countries, should together "defend their legitimate interest stipulated by this agreement".

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The Kremlin reiterated on Monday Russia's "full" commitment to the nuclear deal with Iran and called on worldwide parties not to allow Washington to undermine global agreements.

"(European) cooperation with Russian Federation, which until recently seemed impossible because of the Skripal (spy poisoning) case, with the expulsion of diplomats and the reduction of contact, is now receiving a fresh boost", said Andrei Baklitsky of the Moscow-based PIR Center nuclear safety NGO.

The president's bluster is bolstered by the risky "yes" men now by his side - hawkish John Bolton, President Trump's new national security adviser, who in the past has called for bombing Iran and North Korea, and hardliner Mike Pompeo, a former Tea Party member of the U.S. House of Representatives from Kansas who President Trump recently shifted from head of the Central Intelligence Agency to secretary of state after dumping Rex Tillerson.

But while he talked up the prospect of renewed coordination with America's allies, another top aide reminded Europe its companies could face sanctions if they continue to do business with the Middle Eastern power.

Merkel is set to visit Russian Federation and meet Putin in the Black Sea resort of Sochi on Friday, while French President Emmanuel Macron will be in Saint Petersburg later this month for an economic forum.

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