Iranian Deputy Foreign Minister Abbas Araqchi says India is determined to maintain the Joint Comprehensive Plan of Action (JCPOA.)
“India is resolved to save the JCPOA,” said Araqchi following a meeting with government officials during a trip to the Indian capital New Delhi on Monday.
“Considering the US’ recent move of quitting the nuclear agreement with Iran and its effect on relations with India, the subject of a the JCPOA was an important part of our talks,” said Araqchi.
While stressing that Iran is one of India’s reliable suppliers of oil, he noted that New Delhi has also voiced his preparedness to continue purchasing oil from Tehran.
He also noted that India and other states which cooperate with Iran must find ways to secure Iran’s interests on the basis of the nuclear accord.
The Iranian foreign minister says the JCPOA remains a triumph of multilateral diplomacy even after the US exit.
In May, US President Donald Trump announced that he would pull America out of a 2015 nuclear agreement with Iran and re-impose the sanctions that the deal had envisaged to be lifted.
The sanctions would include a universal ban on Iran over buying or acquiring US dollars which will come into force in August as well as restrictions over purchases of crude oil from the country and investing in its oil sector projects which will become effective by the start of November.
Saudi Arabia and some other OPEC member states are largely believed to be under pressure by the United States to increase their production in a push meant to prevent market shocks once Washington materializes its threat to cut off Iran’s oil exports.