European powers vowed Saturday to uphold the Iran nuclear accord in response to Washington cancelling waivers that had allowed a small group of countries to continue buying Iranian oil despite the reimposition of U.S. sanctions
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"We also note with concern the decision by the United States not to fully renew waivers for nuclear non-proliferation projects in the framework of the JCPOA," they added. The U.S. move, combined with continuing political turmoil in Venezuela, has raised concerns about a spike in oil prices, which have already risen in response to President Donald Trump's decision.
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