USA to lose after opting out of Iran nuclear deal, Erdoğan says

USA to lose after opting out of Iran nuclear deal, Erdoğan says

USA to lose after opting out of Iran nuclear deal, Erdoğan says

Ankara and Tehran will continue their economic relations despite the USA leaving the 2015 nuclear deal with Iran, according to Turkish Economy Minister Nihat Zeybekci.

Turkey's President Recep Tayyip Erdogan (L) and Russia's President Vladimir Putin look at each other during a joint press conference with the Iranian president, as part of a tripartite summit on Syria, in Ankara, on April 4, 2018.

Trump then vowed that there would be fresh sanctions issued against Iran. "We will continue to have trade with Iran while complying with the United Nations resolutions on nuclear activities", Zeybekci said, as quoted by Anadolu news agency.

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Zeybekci criticised the unilateral decision by Washington but added: "I don't see anything big to worry about at this stage", noting that other countries including European Union members were not of the same opinion as the US.

Worldwide supervising agencies have said that Iran is in full compliance with the deal, but Trump's administration repeatedly said Iran was breaking the "spirit" of the agreement.

Mehmet Haka Atilla was convicted after well-connected Turkish-Iranian businessman Reza Zarrab, arrested in the United States in 2016, became a government witness and admitted involvement in a multi-billion-dollar gold-for-oil scheme to subvert U.S. economic sanctions against Iran.

Iran deal withdrawal, other global issues risk higher oil prices - Goldman Sachs
He added that condensate, a super-light form of crude oil that was excluded in the last round of sanctions, may well be included. The Iranian nuclear saga is just another bullish catalyst for an energy sector that's been outperforming this year.

The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme.

Ankara has been working closely with Moscow and Tehran over the past year on the Syrian peace process despite being on opposing sides of the conflict and having a sometimes troubled relationship with Iran.

President Recep Tayyip Erdogan received main opposition Republican People Party's (CHP) presidential candidate Muharrem Ince late on Wednesday.

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In an April 2017 referendum, Turkish voters approved the switch from a parliamentary system to a presidential one.

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