Iranians suffered a great deal under the sanctions that were lifted by the nuclear deal in July 2015; they are not ready for a new round of sanctions that Trump has promised will be tougher and more painful than before.
The EU says 12 consecutive reports from the International Atomic Energy Agency show that Iran has stuck to the terms of the deal.
However, a source close to the project say executives at Zarubezhneft have scrapped the deal ahead as further U.S. sanctions are about to come into force against Iran, according to Reuters.
President Donald Trumpwithdrew from the deal in May, describing it as "defective at its core". Cabinet officials also pushed back on criticism from opponents of the deal that the United States is not going far enough to fulfill the administration's goal of "maximum pressure" on Iran. "But, as you know, sanctions are starting on Iran and, Iran is taking a very big hit", he said.
Anger and distrust over the U.S. is surging again following Mr Trump's decision to withdraw from landmark nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration.
Barack Obama, the USA president at the time, had argued the deal would prevent Iran from developing nuclear arms.
These eight countries are among the top 20 oil importers from Iran, he told reporters.
He said the Trump administration believed that a constrained, struggling Iran would see its influence erode.
The sanctions take effect Monday and cover Iran's shipping, financial and energy sectors.
"During 2012-2015, when the global community was relatively united in pressuring Iran, Iran's economy shrank by 9 percent per year, crude oil exports fell from about 2.5 million barrels per day to about 1.1 mbd, and Iran was unable to repatriate more than $120 billion in reserves held in banks overseas". They are the second lot of sanctions re-imposed by Mr Trump since May. So having sanctions back at the same time, on the same day basically, that the Iranians go to the streets to demonstrate against USA foreign policy, I don't know if it's a coincidence or it was designed, but I think more than what you see with regard to the Iranian public I think the Trump administration is looking at the midterm elections.
Any sanctions would have had a major impact on India, given it's growing demand.
In addition, under far-reaching secondary sanctions, any United States company faces punishment if it does business with a company that does business with Iran.
Europe will also seek to "maintain financial channels operational with Iran and to ensure the continuation of Iranian oil and gas exports", it said.
India and South Korea were also on the list, said a source familiar with the matter who spoke on condition of anonymity.
Foad Izadi: The difficulty, I think, is that the Trump administration isn't really interested in reaching a new agreement with Iran. "A normal, stable and developing Iran is good for all concerned", Dr Gargash tweeted.
The US has agreed to temporarily allow eight countries to continue buying Iranian oil after it reimposes crippling sanctions on Tehran on 5 November, Secretary of State Mike Pompeo said on Friday, citing "significant reductions" in imports of oil from the Persian Gulf nation.
Earlier in the day, Bloomberg reported, citing an anonymous senior official from the USA administration, that the United States had agreed to grant eight states, including India, Japan and South Korea, waivers from the upcoming U.S. sanctions targeting Iranian oil sector.
Demonstrators in Tehran gathered on Sunday outside the former U.S. diplomatic mission, also known as the "Den of Espionage", chanting slogans against the United States.
He added that it had not been determined yet whether the waivers would be temporary or permanent, specifying that additional negotiations were required for making the final decision.
Meanwhile, Iranian state television reported that the Islamic Republic had started production of the locally-designed Kowsar fighter plane for use in its air force.
The US sanctions on Iran are part of US President Donald Trump's effort to force Tehran to curb its nuclear and missile programmes.
Cengiz last week declined an invitation by the White House, criticizing Trump's statements on Khashoggi's killing . Mr Khashoggi entered the consulate in Istanbul on October 2 to get the needed paperwork to marry his partner.
Xi also said he and Trump expressed hopes to expand bilateral trade cooperation, Xi was quoted as saying on CCTV state television. Kudlow believes that an economic downturn in China will have "very modest effect" on the US economy and small businesses.
But the report advised Rwanda to improve its process of dealing with construction permits, an area where it ranked 106 globally. Jaitley also said the impact of GST has not been entirely accounted for in the ranking due to an early cut off date.
Despite surging output, concerns lingered ahead of the start of U.S. sanctions against Iran's petroleum exports from next week. One is high oil prices, and in many countries they're directly related to consumer prices.
The authorities contend that the bribes and kickbacks were paid to secure 1MDB's bond underwriting business for the bank. Low, the alleged mastermind of a scheme to siphon billions of dollars from the fund, was charged in absentia .
It was his second four-wicket haul in eight matches since his comeback to the ODI team during the Asia Cup in September. The two sides now head to Kolkata on Sunday for the first of three T20 internationals.
Arsene Wenger says taking charge of a Premier League club would be "odd" after teasing a return to management early next year. Wenger added he will "certainly not" manage in England again out of respect for Arsenal .
Midfielder Ross Barkley is on the bench despite impressing on the weekend and Eden Hazard misses out with a back problem. Despite the gulf in stature of recent times, Derby and Chelsea have had a fairly equal record in their past meetings.
It was a big night for Chelsea's two on-loan players Tomori and Mount, who were given permission to face their parent club. I'm not sure today, maybe tomorrow he is going to join us in training.' The Chelsea official website quotes us as saying.
US agrees to grant India waiver from Iran oil sanctions
Indian public refineries like Mangalore has also been buying Iranian oil but not in the numbers that they were earlier. India has held several rounds of conversations with the US, Iran and and other stakeholders on the issue.
Trump, Oprah go head to head on US campaign trail
Shortly after her speech, Winfrey posted videos on Instagram of herself going door to door canvassing for Abrams. Abrams is running on a campaign that includes Medicaid expansion, and "common-sense gun control", Winfrey noted.
Dow Jones falls 245 due to new China tariff fears
The Shanghai Composite index rebounded 1.2 percent to 2,573.33 and South Korea's Kospi picked up 1.3 percent to 2,021.82. The euro fell to $1.1390 from $1.1412.Tokyo's Nikkei 225 sank 0.2 percent and Seoul's Kospi lost 1.5 percent.