US President Donald Trump's pullout from the 2015 nuclear deal has upset Washington's European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.

"We're telling the Americans that it's their business what sanctions they impose, but we consider the extraterritoriality of these measures unacceptable", Le Drian said.

Germany, the United Kingdom, and France have significant trade links with Iran and remain committed to the nuclear agreement.

The letter was written to UN Secretary General Antonio Guterres on May 10, two days after Trump made the historic move to pull out of the agreement and reimpose sanctions on Iran.

Russian President Vladimir Putin and German Chancellor Angela Merkel spoke Friday and underlined their aim of preserving the deal and peace in the Mideast.

Sooner or later, Iran will possess the nuclear bomb with or without the 2015 deal. "It would not stop Iran from getting nuclear weapons".

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The source said the United States is preparing to reinstate all sanctions it had waived as part of the deal and impose additional economic penalties, the Times reported. "It has crucial significance not only for ensuring regional security, but also for stability in the world, and it's extraordinarily important in the regime of nuclear non-proliferation". The other Western members of the agreement seem to have wanted to save the deal not so much because of its inherent redeeming features, but rather to continue their voluminous trade with Iran.

In a tweet on Sunday, Trump wrote: "Remember how badly Iran was behaving with the Iran Deal in place". Without access to foreign markets, the deal will essentially be over.

The country's foreign minister Mohammad Javad Zarif too is seeking to salvage the deal, this weekend commencing a tour with the other signatories in the hopes the agreement can be "re-designed" without the U.S.

Israeli airstrikes struck Iranian military installations inside Syria on Thursday - its biggest co-ordinated assault on Syria since the 1973 Mideast war - in retaliation for an Iranian rocket barrage on Israeli positions in the occupied Golan Heights. "Therefore, our talks would also discuss the issue of how to make it possible to continue trade with Iran", he said. Prime Minister Theresa May added the U.K.'s voice to the push in a call with Rouhani on Sunday. Paris-based Total SA, for example, the only Western energy major investing in Iran, has pledged $1 billion in investment in the South Pars natural gas field, and has already spent $90 million helping to develop it.

French Minister for the Economy and Finance Bruno Le Maire arrives for the Informal meeting of economic and financial affairs ministers (ECOFIN) in Sofia, Bulgaria, April 27, 2018. "Europeans should not have to pay for US withdrawal from an agreement".

The administration then knew it was a lie and accepted anyway, ” he said.

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