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Speaking to reporters, Masna Amin said If the US insists on its decision to end waiver on Iran oil exports and also on pressuring Iran and Iraq, a bad crisis will happen in Iraq and in the region as well.
He added that the Iraqi foreign ministry will spare no efforts to receive exemption of sanctions since Iraq cannot set aside relations with Iran completely.
Iran and Iraq have intertwined and complicated relations, Amin reiterated.
In addition to trade volume which is over $ 10b, Iraq is importing some essential items like electricity from Iran, he said adding that Iraq has no way to provide these items at the moment.
On May 8, 2018, Trump withdrew from the JCPOA, which was condemned by other parties to the 2015 agreement.
Despite the fact that Washington had claimed to zero Iran oil exports, the US agreed to let eight countries, including China, Japan, India and South Korea, Taiwan, Italy and Greece keep buying Iranian oil after it reimposed sanctions on the OPEC producer on Nov. 5.
The US Secretary of State Mike Pompeo once again in a unilateral and hostile act on Monday declared anti-Iran measure to lift sanctions waivers on buyers of Iran oil.
According to Western media, Pompeo claimed that the US had gained assurances from oil producers - namely Saudi Arabia and the UAE - to ensure a sufficient supply to minimize impact on pricing.
He added that sanctions waiver permission will be expired on May 1 and as a result this decision will be implemented on May 2 meaning that no permission will exist to extend these waivers.
This is while earlier, Director General of the International Atomic Energy Agency (IAEA) underlined the fact that Iran has complied with its commitments under the JCPOA.
Emphasizing the fact that the agency will continue to verify the non-diversion of nuclear material declared by Iran under its NPT Safeguards Agreement, the IAEA chief said, 'The implementation in Iran of the Comprehensive Safeguards Agreement, Additional Protocol, and additional transparency measures under the JCPOA amounts to the most robust verification system in existence any here in the world.'
Earlier, Iranian Petroleum Minister Bijan Zangeneh referred to the US aggressive economic war against Iran oil industry, saying the US dream of zeroing Iran oil export will not come true.
Describing the oil market as unpredictable, he said it will not be possible to predict that oil is produced to the required level, since some regional countries have announced the production volume more than what is in reality.
The US and its regional allies take advantage of oil as political tool, but they should wait for its negative consequences, he noted.
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