“Countries like Japan and India that have paid an economic price to implement these sanctions would no longer feel the obligation to do so, if a hostile Republican Congress failed to approve the deal”, Rice told PBS Tuesday.

It put strict limits on Tehran’s nuclear activities for at least 10 years created to stop the country developing a nuclear weapon, in return for lifting sanctions that have crippled Iran’s economy.

Under the deal announced earlier this week, sanctions imposed by the United States, European Union and United Nations will be lifted in exchange for Iran agreeing to long-term curbs on its nuclear program, which the West and Israel have suspected was aimed at creating a nuclear bomb.

Rice called the blowback over the deal’s inspections-approval board – on which Iran holds a seat and will be able to appeal decisions – “misplaced concern”.

“By signing this deal, Britain is not aligning with Iran”, Cameron said in an interview with news channel Al Arabiya, according to a transcript released by his Downing Street office.

Barring basmati rice exports, which may remain at about 1 million tonnes per annum due to India’s monopoly, Iran will likely switch to Brazil, Argentina and the USA for purchases of sugar, soymeal and corn.

Iran used funds in the account to import other goods.

Washington and Jerusalem have locked horns on the deal, with Prime Minister Binyamin Netanyahu decrying the accord as a “bitter mistake of historic proportions.”…

But diplomats from Sunni power Saudi have privately expressed grave misgivings the agreement may legitimize their Shiite rival Iran, which Riyadh accuses of fomenting unrest in Yemen and elsewhere in the Middle East. His trip to Saudi Arabia has not been announced previously.

In the interview, Cameron vowed to remain “as tough as we’ve always been” on Iran over its close relationship with Syria and “support for terrorism”. And if it hasn’t occurred by the end of 24 days, Iran will be in violation of the agreement and we would be in a position to go straight to the U.N. Security Council and automatically, unilaterally, by the United States, reimpose sanctions…

NEW DELHI India’s exports to Iran could jump by over a third to $6 billion this fiscal year as an easing of sanctions against Tehran would help boost sales of agricultural commodities though competition for non-farm items would rise, a leading trade body said.

Obama told critics of the deal that they were at odds with “99 percent” of the world on Wednesday. “Through war. Those are the options”.

Congress has an opportunity to debate the deal and give it an up or down vote. Obama has said he will veto any attempt to block the deal. And Rouhani, the president, was really elected on the hope that he would bring economic relief to the Iranian people.