Khamenei says Iran will 'shred' nuclear deal if USA quits it

U.S. President Donald Trump is on the front page following news that he has decertified a nuclear deal between the two countries and others

Official: Tehran has plan if US withdraws from nuclear pact

"We have launched the tenders, we are supposed to award contracts by year-end so all that is fitting well in terms of the calendar" Pouyanne said, adding that it will have clarity by the end of the year after the decision by the U.S. Congress.

"The Europeans' following of America's bullying policy is not acceptable for Iran", he said.

The Organization of Petroleum Exporting Countries and its partners are debating whether to extend output cuts that are set to expire in March, in an effort to drain the global glut and shore up prices.

Iran targets oil production capacity of 4.7 million barrels a day by 2021, Zamaninia said at the Oil & Money conference in London.

The Leader also referred to Trump's remarks against the nuclear deal between Tehran and world powers, known as Joint Comprehensive Plan of Action (JCPOA), and Europe's support for Iran on this issue.

Khamenei spoke five days after U.S. President Donald Trump adopted a harsh new approach to Iran by refusing to certify its compliance with the deal, reached under Trump's predecessor Barack Obama, and saying he might ultimately terminate it.

Trump's decision has forced Iranian moderates such as President Hassan Rouhani and Foreign Minister Javad Zarif to rally around the hardline Guards, Barbara Slavin, director of the Future of Iran Initiative at the Atlantic Council, said Monday.

Trump's statement was characterized by "chest-beating" and has "little or no effect" on Iran's oil plans, Zamaninia said Tuesday.

Iran is negotiating 28 contracts with foreign companies, including many of Europe's top oil companies, under a new development contract, he added.

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