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Europe must compensate Iran to save nuclear deal, says Iran ambassador

Europe must compensate Iran to save nuclear deal, says Iran ambassador
Iran's ambassador to the UN is insisting that the Europeans do more to compensate Tehran for economic losses inflicted by US sanctions or else Iranians will continue to exceed limits on their nuclear fuel production.

While talking to BBC, Majid Takht-Ravanchi, Iran’s ambassador to UN said that Iran would stay in the nuclear accord for now adding further that there would be consequences if the UK didn't release an Iranian oil tanker it seized recently off the coast of Gibraltar.

Tensions have risen sharply since the US pulled out of the deal which restricted Iran's nuclear programme in exchange for sanctions relief.

Tehran, however, showed restraint and took no immediate action after US re-imposed punishing sanctions last year.

But now Iran has begun to increase the levels of its enriched uranium beyond the deal's limits, in small and calculated steps.

The ambassador further said that Iran was not violating the accord, which he was involved in negotiating.