Economics
U.S. Sidelined as Five Powers Set to Give Iran New Assurance
- Nuclear accord hangs in the balance following U.S. exit
- Iran says it will stick by deal as long as country profits
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Top diplomats from world powers will meet on Friday in a bid to defend their landmark nuclear deal with Iran from attack by President Donald Trump.
Foreign ministers from China, France, Germany, Russia and the U.K. will convene in Vienna for the first time without the U.S. in order “to ensure the continued implementation” of the accord, which granted Iran a reprieve from sanctions in exchange for limits to its nuclear program, according to a European Union statement on Wednesday. Trump abandoned the deal in May and reimposed sanctions against countries and companies doing business with Iran.