He described the three-year-old agreement as "a significant verification gain" adding that "as of today, the IAEA can confirm that the nuclear-related commitments are being implemented by Iran".
"It is expected that the fresh sanctions will prompt Iran to raise energy prices, afresh, as its exports in the a year ago had taken a huge hit", said a research report by Enincon, New Delhi-based oil and gas sector consultancy firm in a research note.
Countries having financial dealings with Iran are expected to be hit by the comprehensive sanctions regime announced by the Trump administration after withdrawal from the nuclear deal. "The government will take all necessary measures to safeguard our interests", said MEA official spokesperson Raveesh Kumar. During the consultations in Tehran, the issue of maintaining the agreement on the Iranian nuclear program was discussed, as well as overcoming the consequences of United States economic sanctions on Tehran. It loosened ruinous global sanctions in return for an Iranian promise to limit its nuclear activities and allow inspections by worldwide inspectors.
The JCPOA - reached by Iran, China, France, Germany, Russia, the United Kingdom, the USA and the European Union - sets out rigorous mechanisms for monitoring restrictions placed on Iran's nuclear program, while paving the way for the lifting UN sanctions against the country. "All parties should engage constructively to address and resolve issues that have arises with respect to the JCPOA".
'Most Wanted' ISIS Commanders Captured in Cross-Border Sting Operation
The self-styled caliph is still at large and believed to be hiding in the cross border area between Iraq and Syria. It was unclear what criteria, if any, Trump was using to describe the IS operatives as the "five most wanted".
Prime Minister Narendra Modi had visited Tehran in May 2016 with an aim to craft a strategic relationship with Iran and expand India's ties with West Asia.
Later, India, Iran, and Afghanistan signed a trilateral pact providing for transport of goods among the three countries through the port. But with President Trump announcing the pullout, the stage is set for reimposition of U.S. sanctions on Iran.
Now, India could resort to the earlier arrangement, as it had committed to increasing its offtake of crude oil and natural gas from Iran this year.