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Economics

Iran Wants Oil and Bank Pledges by June After U.S. Deal Exit

  • Diplomats in Vienna aim to resolve disputes created by Trump
  • Europe asked to produce new economic framework by next month
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World Powers Trying to Save Iran Deal to Meet in Vienna, Without U.S.

Europe needs to come up with a package of economic guarantees by June to prevent the crisis triggered by Donald Trump’s nuclear deal withdrawal from escalating further, according to a top Iranian official.

Iran expects oil exports to remain at current levels, continued access to international finance and the completion of contracts signed with European companies, according to the person, who asked not to be named in line with diplomatic protocol. The official spoke Friday in Vienna ahead of talks with Chinese, French, German, Russian and U.K. diplomats about the fate of the Joint Comprehensive Plan of Action, as the 2015 accord is formally known.