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In the wake of new USA sanctions, some buyers of OPEC's third-largest oil producer said on Wednesday they would seek US exemptions to purchase Iranian crude.

A top nuclear expert has resigned from the State Department following President TrumpDonald John TrumpPruitt dined with Cardinal accused of sexual abuse: report Kelly: No consideration on leaving White House despite "times of great frustration" Kelly: Trump "embarrassed" by Russian Federation probe MORE's decision to pull out of the Iran nuclear deal. The goal: Persuade Kim to surrender his nuclear arsenal - which threatens not only the region, but US cities.

The Iran nuclear agreement, also known as the JCPOA was signed in 2015 by China, Germany, France, Russia, UK and United States - a deal created to stop Iran from developing their nuclear arsenal in exchange for the removal of U.S. sanctions.

Khamenei's comments continued on Twitter, where he took a swipe at past USA presidents and said Trump's "corpse will be worm food while IRI (Islamic Republican of Iran) stands strong".

Washington has lost its credibility in the worldwide arena by withdrawing from the nuclear deal with Iran.

These countries were anxious that Iran was on its way to creating nuclear weapons - something it denied. I would argue that Trump has deepened the world's dangers two-fold, by walking away from a successful nuclear deal and by showing a lack of respect for a key aspect of the IAEA's mission to stop the spread of nuclear weapons around the world.

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"If they do, there will be very severe consequences", the President said Wednesday during a Cabinet meeting. "The JCPOA lifted missile-related sanctions without any requirements on Iran's ballistic missile program".

Even so, the USA has some support for the decision.

"President Trump said himself last night that he is committed to finding a new solution and we should hold him to his word".

Certain exemptions are to be negotiated, but Mr Mnuchin refused to discuss what products might qualify.

In any case, Iran's oil accounts for only a small percentage of the world's oil supply. Other likely beneficiaries include Russian Federation and Venezuela, as well as other oil-producing nations in the Middle East.

The European joint statement also urged Iran "to show restraint" in response to the United States decision. It would undermine the moderate government of Iranian President Hassan Rowhani, who although pledging to find ways to keep the deal in place, has also ordered Iran's atomic energy agency to get ready to resume enrichment on an industrial scale.

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Mr Trump also left open the possibility of a new deal: "We'll make either a really good deal for the world or we're not going to make a deal at all".

As a result of the new USA sanctions, companies worldwide must stop doing business with Iran or risk US fines or other punishment. Many Americans are supportive of the Trump administration taking a tougher stance on foreign policy. "Today's action sends a critical message: The United States no longer makes empty threats".

Macron was to have a conference call with British Prime Minister Theresa May and German Chancellor Angela Merkel about half an hour before Trump's announcement.

German Chancellor Angela Merkel says the unilateral USA withdrawal from the Iran nuclear deal undermines confidence in the global order. There is still an Iran deal to be had. Experts say the hard line will give Trump an upper hand while negotiating with North Korean leader Kim Jong-un.

The Russian Foreign Ministry said Thursday that Russia will maintain close coordination on nuclear issues with Iran despite the U.S.'s decision.

Merkel reaffirms commitment to Iran nuclear deal
President Donald Trump's "America First" foreign policy and his hectoring of European NATO allies for allegedly spending too little on defense.