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Cloud over nuke deal, but Iran ready for business with US oil and gas firms

Trump chose not to certify that Tehran is complying with the deal

US, Iran, Flag

US-Iran Flag

Reuters Beirut

Iran is ready to do business with US oil and gas companies, oil minister Bijan Zanganeh said on Tuesday, according to SHANA, the news site of the Iranian oil ministry.

"American companies can come to Iran and benefit so Mr Trump won't be upset," Zanganeh said, referring to U.S. President Donald Trump, according to SHANA.

"They've (the United States) put up obstacles for American companies to come to Iran," he said.

"We don't have any restrictions for working or negotiating with American companies with the intention of developing the oil and gas resources of Iran. If they want, we are ready to negotiate with them tomorrow."

 

Trump struck a blow against the 2015 Iran nuclear agreement last Friday in defiance of other world powers, choosing not to certify that Tehran is complying with the deal and warning he might ultimately terminate it.

Trump announced the major shift in US policy in a speech in which he detailed a more aggressive approach to Iran over its nuclear and ballistic missile programs and its support for extremist groups in the Middle East.

His Iran strategy angered Tehran and put Washington at odds with other signatories of the accord - Britain, France, Germany, Russia, China and the European Union - some of which have benefited economically from renewed trade with Iran.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Oct 18 2017 | 9:38 AM IST

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