Iran President has said that Iran has decided to maintain its scale back of the landmark 2015 nuclear deal unless other signatories show positive signals.
Iran had stopped complying with some commitments in the 2015 nuclear deal after the United States had unilaterally withdrew from the accord in 2018 and renewed sanctions on Iran.
Further,Europe has launched the Instrument in Support of Trade Exchanges(INSTEX) to offer EU companies to trade with Iran totally outside of the US banking system in order to avoid sanctions.
However,the US has made it clear that firms can choose to trade with Iran or the US but not both.
Iran Nuclear deal which is known as the Joint Comprehensive Plan of Action (JCPOA) was announced in 2015.
The deal was signed between Iran and the P5+1 group (US,UK, France, Russia, China and Germany).It restricts Iran’s nuclear programme in return for lifting most economic sanctions against it.
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