The Egyptian Foreign Ministry also saidIran must abide by its commitments under the separate nuclear Non-Proliferation Treaty "in a way that will ensure that Iran remains a country free of nuclear weapons".
U.S. President Donald Trump announced Tuesday the United States will pull out of the 2015 nuclear agreement, vowing to re-impose nuclear-related economic penalties on Iran.
Saudi Arabia, as always, claimed it had intercepted two ballistic missiles over the capital on Wednesday.
US shale producers could also increase their output but it would take time and their light crude is not a good substitute for heavier Iranian oil.
The nuclear deal reached in 2015 has only tackled the nuclear side in the Iranian practices, which was not the sole element that should have been watched, the statement said.
"People shouldn't take it for granted that Saudi Arabia will produce more oil single-handedly".
The existence of an understanding was confirmed by the U.S. Treasury Secretary who told reporters on Tuesday that "we have had conversations with various parties. that would be willing to increase oil supply".
The Organisation of the Petroleum Exporting Countries is in the midst of an oil supply-cutting deal with non-OPEC producers such as Russian Federation that has helped erase a global glut and boosted oil prices above $75, the highest since 2014.
Oil prices are stable because of market stability, he said, because OPEC's goal "is not prices but market stability and lowering storage levels".
In effect, the United States agreed to implement tough sanctions, and Saudi Arabia agreed to limit the impact on oil prices.
"At the heart of the Iran deal was a giant fiction - that a murderous regime desired only a peaceful nuclear energy program".
The collapse in Venezuelan output has reduced production much more than intended and caused global oil inventories to draw down much faster than OPEC predicted at the end of previous year. However, it provides a golden opportunity for the Trump administration to bolster nuclear negotiations with another Middle Eastern State, Saudi Arabia.
July ICE Brent futures settled Wednesday at $77.21/b, up $2.36 on the day, while the June NYMEX contract rose $2.08 to $71.14/b.
"Saudi Arabia does not want to acquire any nuclear bomb [s], but without a doubt if Iran developed a nuclear bomb, we will follow suit as soon as possible", MBS told CBS in an interview.
In an apparent reference to Iran, bin Salman last month that his country and Israel have "a common enemy" and that they could immediately normalize their relations once the Palestine issue is resolved. The least likely outcome is that Asian countries co-operate fully with the U.S. in its renewed conflict with Iran.
After waging a lengthy campaign to win over the board of Dublin-based Shire , Takeda announced Tuesday that they had an agreement. The initial offer was $59.42 (44 pounds) per share which the Shire outright rejected terming it as undervaluation.
The teams kicked off the Premier League season with Arsenal rallying for a wild 4-3 victory at the Emirates on August 11. Many people are questioning as to what the 68-year old will do next. "I came into a team in difficulties", he added.
Record-breaking temperatures have been reported as people across the United Kingdom enjoy a sizzling bank holiday Monday. Leading bookmaker Coral is slashed odds to 10-11 that this month ends as the hottest May on record in the UK.
You will be able to now pin the items from the clipboard along with being able to directly paste from the clipboard history. But the main new feature in 17666 is the "new clipboard experience", which allows users to copy content across devices.
Everyone thought they were vulnerable but as long as they have him, they have a chance and that's what we were looking at. The Cavs will now face either Boston or Philadelphia, who stopped the Celtics advancing with a home win on Monday night.
Last Wednesday night, thunderstorms had wreaked havoc in parts of Uttar Pradesh and Rajasthan, killing over 100 people. The Meteorological Department has said that there is a possibility of heavy rains and storms in northern India .
Hughes, meanwhile, will focus on making sure the disappointment of not beating Everton does not impact on Tuesday's game. The side needed a draw between Swansea and Southampton to keep alive its faint hopes, but Gabbiadini put paid to that.
The candidate will be responsible for game event, dungeon, and field planning, with emphasis on creation and adjustment. Nintendo has posted up a new " level designer " job listing related to The Legend of Zelda series.
First and foremost is without a doubt Kingdom Hearts III , the game that's kept Kingdom Hearts players waiting for so long. After having a pause of 2 years, Square Enix has chose to make an appearance on the largest annual gaming convention, E3.
Joining her for the announcement were children who have written to her and whom she has met during her first year as First Lady. Her choice was ridiculed nearly immediately, given her husband's longtime habit of calling people names on Twitter, but Mrs.
The Gotham actress said she came to find out about it during a discussion on the program, in which Jada welcomed her daughter along with her mother, Adrienne Banfield-Norris.
John McCain Opposes Gina Haspel as CIA Chief
Trump supported Haspel, saying that Haspel, a respected nominee, is now being criticized as she was extremely tough on terrorists. McCain's opposition to Haspel's nomination marked the latest instance in which the Arizona senator broke with Trump .
Former opponents - minus Blankenship - back Morrisey
By itself, Donald Trump's signature legislative achievement remains the most unpopular tax cut in modern American history . That's one message from Tuesday's primaries, where the GOP improved its chances of holding the Senate , if not the House.
A series of explosions in Kabul
Six wounded were brought into the trauma hospital run by Italian medical aid group Emergency, of whom one was dead on arrival. At least five people were killed and 16 wounded in the attacks, Health Ministry spokesman Waheed Majroh told reporters.
FINAL RESULTS: Indiana primary election
Braun, who is also a former state legislator from Jasper, argued his experience is the closest to Trump because he's an outsider. He'll square off now against Donnelly in a state Trump won by 19 percentage points in 2016.
Instagram may let you add music to your Stories soon
Tapping on it further presents the "Search Music" option along with different tabs like Trending, Moods and Genres. Though, not available for now, you will be able to make direct payments for things like movie tickets on the app.
MLB London Series Set for June 2019
The London Stadium was considered as a venue for the 2019 Cricket World Cup, but was not one of the 11 grounds named in April. These are the two best baseball teams in the world and arguably the two best sporting teams in the world.