World News: 15:35 GMT Wednesday 8th May 2019. [Stock Market via SPi World News]
The move is likely to inflame tensions with President Donald Trump’s administration, which walked away from the landmark nuclear deal a year ago and imposed strict sanctions that squeezed Iran’s economy, triggered a currency collapse and ushered in shortages of consumer goods. Iran’s appeal was addressed to European signatories to the agreement, which are struggling to reconcile Trump’s hardline stance on Iran with their promise to continue trading and engaging with the energy-rich nation. U.S. Secretary of State Mike Pompeo responded cautiously to Iran’s announcement.
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