In a statement issued on Tuesday, the ministry stated although Egypt appreciates the USA and global assurance to address concerns about regional interference by Iran, it also asserted the necessity of Iran's adherence to worldwide obligations under the Treaty on the Non-Proliferation of Nuclear Weapons.
Saudi Arabia and its close allies Abu Dhabi and Kuwait hold nearly all the spare capacity that could respond quickly to a reduction in Iranian exports. The deal was created to prevent Iran from using its nuclear program to pursue the development of nuclear weapons and to ensure its peaceful nature.
The United States, South Korea, Russia, France and China are bidding on a multi-billion dollar tender to build Saudi Arabia's first two nuclear reactors. It is in talks with the United States to secure an atomic deal that could pave the way for the Saudi regime to enrich uranium.
Over the years reports have surfaced that Riyadh has been interested in procuring nuclear weapons.
He was speaking the day after US President Donald Trump pulled out of a 2015 deal that seeks to curtail Iran's nuclear weapons program.
While many countries, including those also party to the agreement, have condemned Trump's decision, Israel has declared the move a political victory.
The restoration of sanctions on Iran-the world's fifth-largest oil exporter-may have implications for the market balance, the International Energy Agency (IEA) said in a statement on Wednesday, adding that it is closely following the situation.
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He later called off the demonstrations after the ruling party assured him of its support in his bid for prime minister. He said his ministers will be chosen "as a result of discussions" with his allies and other political groups.
US Attorney General Jeff Sessions in San Diego
Sessions was in San Diego with Immigration and Customs Enforcement Deputy Director Thomas D. Sessions says he has sent 35 prosecutors to the region to work on these cases.
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The data is said to have widely contributed to the electoral victory by Donald Trump and the Republican Party in the election.
On Wednesday, a separate OPEC source had said Saudi Arabia was monitoring the impact of the USA move on oil supplies and was ready to offset any shortage but would not act alone.
"People should not take it for granted that Saudi Arabia will produce more oil single-handedly".
"We have managed to put together this new alliance between OPEC and non-OPEC". This fact has been at the heart of Western and regional concerns over the nuclear work of Iran, Saudi Arabia's arch-rival which enriches uranium domestically.
Trump dealt a hammer blow to the Joint Comprehensive Plan of Action (JCPOA) on Tuesday, removing key sanctions relief for Tehran and casting its future into doubt.
"It's going to weaken Iran, the [Yemeni rebels, the] Houthis, [the Shiite movement] Hezbollah and by default that's good for the UAE, that's good for Saudi Arabia and that's good regional stability - period".
On May 1, Israeli Prime Minister Benjamin Netanyahu presented what he alleged was "new and conclusive proof" of violations, and claimed Iran had lied about its capabilities at the time of the agreement's signing.