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"Of all the options we have for ensuring that Iran never gets a nuclear weapon, this pact offers the fewest disadvantages", Johnson wrote of the deal signed in 2015.

But Iran is ruling out new talks, calling the current agreement "nonnegotiable".

The deal marked a return to Iran for Total, which pulled out of the country in 2008 as Western sanctions over its nuclear programme began to ramp up.

"The UK, US, and European partners are also united in our effort to tackle the kind of Iranian behavior that makes the Middle East region less secure - its cyber activities, its support for groups like Hezbollah, and its unsafe missile program, which is arming Houthi militias in Yemen", he added. While refusing to reveal what he'll do by May 12, he repeated his belief the existing deal is "a frightful agreement for the United States".

Iran's President Hassan Rouhani says the USA will face "historic regret" if it pulls out.

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If Mr. Trump allows sanctions to be put back on without cause, then that could put the U.S.in violation of the deal and effectively pulls the country out of it, Brennan reports.

Rouhani said, "If America leaves the nuclear deal, this will entail historic regret for it" and declared that Iran has developed "a plan to counter any decision Trump may take and we will confront it".

Germany - the United States holds the key to sanctions relief because U.S. government agencies and banks control global banking and can slap penalties on non-US banks and even foreign governments which go against USA policy. "The Europeans are not going to re-impose sanctions so where does that render us and Iran?" Rouhani did not specify how Iran would react if the U.S. pulls out of the deal.

Not to be forgotten, Iran's president has warned that the US would face "grave" consequences if they made a decision to formally pull out of the Obama-era nuclear pact.

He also said it did not matter if Iran violated the agreement or not, since the deal was fatally flawed.

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Secretary of State Mike Pompeo said last week in Saudi Arabia that Iran is "the greatest sponsor of terrorism in the world". French President Emmanuel Macron was recently in Washington and tried to convince Trump to stick it out.

He also rejected efforts to renegotiate the deal, saying: "We will neither outsource our security, nor will we renegotiate or add on to a deal we have already implemented in good faith".

Johnson wrote that officials from France, Germany and the United Kingdom have been working to address Trump's concerns with the existing agreement.

Netanyahu has repeatedly argued that the deal will not prevent Iran from gaining nuclear weapons capability after its restrictions expire in the next decade or so.

Regardless of where they are headquartered, virtually all multinational corporations do business or banking in the USA, meaning any return to pre-deal sanctions could torpedo deals made after the 2015 agreement came into force. That's viewed with intense by outsiders.

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