Iran Nuclear Agreement: Iran's big statement on oil price

On Tuesday, US President Trump ousted his country from Iran's nuclear deal. This agreement with Iran was held during former President Barack Obama's tenure. During his election campaign, Trump fiercely criticized the deal.

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Tehran: Iran's Petroleum Minister Bijan Namdar Jangneeh has said that the 2015 Iran nuclear deal will not have any impact on the oil industry to be separated from the US. Referring to the Iranian petroleum minister's statement, the news agency Xinhua said that Iran is able to save its oil industry from such threats for the last few years.

Jangeneh said, "I believe Iran's oil exports will not have any significant impact on leaving the US agreement." He said that the revenues given to Iran by oil and gas will remain as much as mentioned in the national budget. US President Donald Trump left the Iranian nuclear agreement saying that Washington will not give any further exemption to Tehran in the above-mentioned technology.

Trump has even said that they will put more stringent restrictions on Tehran to force Iran to make changes in the deficit of the agreement. The sanctions imposed on Iran include its oil export and investment restraints in the energy sector.

Let us tell you that on Tuesday, US President Trump has lifted his country out of the Iranian nuclear deal. This agreement with Iran was held during former President Barack Obama's tenure. During his election campaign, Trump fiercely criticized the deal.

Let us also tell you that despite the exit of the United States, Britain, France, China, Russia, Germany and European Union remain part of this agreement. All these countries and organizations have expressed their commitment to retaining this agreement with Iran.