Iran will cut nuclear deal commitments further unless Europe acts

Iran is set to further cut its commitments to its international nuclear deal unless its European partners move to protect it from US sanctions by ensuring it can sell oil and receive income, its foreign minister told state television on Wednesday.

“Under current circumstances and if no action is taken (by the Europeans) we will take the next step (in cutting commitments),” Mohammad Javad Zarif said, adding that its European partners should guarantee Iran could sell its oil and collect the revenue.

Iran has said it will reduce its commitment to the nuclear accord in stages and may even withdrew from the pact unless the Europeans find ways to shield its economy from the US sanctions.