President Hassan Rouhani planned to announce that Iran would reduce some of its "minor and general" commitments under the deal on Wednesday, exactly a year after Trump announced the United States pullout, said a source close to a commission that oversees the nuke deal.
"We do not want Tehran to announce tomorrow actions that would violate the nuclear agreement, because in this case we Europeans would be obliged to reimpose sanctions as per the terms of the agreement", the source said.
As the USA waiver deadline for certain countries regarding Iran oil sanctions has ended, Turkey said it is unable to diversify its oil imports in such a short period of time, with a possible rise in tensions with the US on the horizon if a solution can't be found.
In a joint statement on May 4, the European Union and the foreign ministers of Britain, France, and Germany said they were troubled by the United States decision "not to fully renew waivers for nuclear non-proliferation projects in the framework" of the accord, known as the Joint Comprehensive Plan of Action (JCPOA). Parliament speaker Ali Larijani, a former chief nuclear negotiator, said May 4, "According to the JCPOA, Iran can produce heavy water - and according to the agreement, it would not be in violation".
US crude production, meanwhile, is expected to rise to an all-time high of 12.5 million barrels per day (bpd) in 2019 from a record 11.0 bpd in 2018, according to the EIA's Short-Term Energy Outlook.
Muslim footballers celebrate the arrival of Ramadan
At sunset, when it's time to mark the end of the daylong fast, families and friends gather for an evening meal known as " iftar ". This year, Ramadan ends on June 4, 2019. " Ramadan Mubarak to all my Muslim brothers and sisters", Ozil posted.
Iran has said its development of ballistic missiles has nothing to do with its nuclear activity and is entirely defensive in nature - and that its support for regional allies is not Washington's business.
IRNA did not specify what commitments Tehran intends to "reduce" but indicated that the Iranian decision will be communicated to the ambassadors of the five partner countries of Iran remaining in the agreement - Germany, China, France, Great Britain and Russian Federation - by the vice Minister of Foreign Affairs of Iran, Abbas Araghchi. "We should increase production and raise our (non-oil) exports and resist America's plots against the sale of our oil".
The sanctions are expected to be announced on Wednesday, May 8, which marks the one year anniversary of Trump's withdrawal from the Iran nuclear deal.
Iran's economy was subsequently hit by reinstated U.S. sanctions on its oil and financial sectors, which has pushed the value of its currency to record lows, quadrupled its annual inflation rate and driven away foreign investment. It also blacklisted Iran's elite Revolutionary Guard Corps.
North Atlantic Treaty Organisation ally Turkey has made perhaps the most public case for an expansion, together with senior officials telling their US counterparts that Iranian oil is vital to meeting their country's energy requirements.
Axios reported on Monday that the move was made partially due to information that the United States received from Israel concerning an alleged Iranian plot to attack American interests in the Gulf. Since November, when India received the sanctions waiver, only state-run Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum and Mangalore Refinery and Petrochemicals have been buying Iranian oil.