The prime minister, who has long railed against the pact, gave a dramatic presentation a little over a week before Trump's May 8 decision, where he unveiled documents Israel secreted away from Tehran that he said proved "Iran lied" about its nuclear program.
"But at the same time, taking every scenario into consideration, we are preparing ourselves", he added.
The move, if confirmed, would be the first practical step by Europe toward sustaining the Iran deal. Turkey seems to be standing strongly by Iran's side as the USA plans to isolate Iran economically.
"Instead of building this factory in the next seven or eight years, we built it during the negotiations but have not started it", he said.More news: 'I don't give af***' - Cousins hits back at critics after Warriors move
That pullout in particular prompted the biggest fissure between America and its natural allies in Europe in contemporary history, and the Old Continent began to attempt to offset the impact of the USA withdrawal initially by giving verbal assurances to Iran that it remained committed to the deal and then by taking the unprecedented step to activate a European law - known as the "blocking statute" - that seeks to protect European businesses against the US's secondary sanctions.
US President Donald Trump pulled out of the Iran deal with world powers on May 8 and revived Iran-related sanctions, leaving the European Union, China, and Russian Federation to try to salvage the accord to prevents Tehran from developing a nuclear weapon.
European Union measures to try to compensate for the impact of US sanctions and guarantee Iranian oil revenue include EIB lending, a measure to shield European Union companies from USA secondary sanctions, state-backed export guarantees and a plan that European Union governments make direct money transfers to Iran's central bank.
In his announcement, the USA president said the accord would not prevent Iran from acquiring nuclear arms and he therefore was exiting the agreement and reimposing sanctions.
Through the sanctions the U.S. "has violated and continues to violate multiple provisions" of a 1955 Treaty of Amity and Economic Relations, which was concluded before the Islamic revolution under the regime of the shah.More news: Los Angeles police report possible hostage situation at Trader Joe’s
Earlier this week the Minister of foreign Affairs of Iran Mohammad Javad Zarif stated that a lawsuit in the worldwide court of justice was filed to bring the United States of America to justice "for illegal re-use of unilateral sanctions".
"Iran is committed to the rule of law in the face of USA contempt for diplomacy and legal obligations". "It's imperative to counter its habit of violating worldwide law". An official from Turkey's foreign ministry confirmed the visit of United States delegation in Ankara.
In an effort to help keep money flowing to Tehran as United States sanctions come back into effect, the European Union has agreed to add to the list of countries with which the Luxembourg-based EIB, the bloc's not-for-profit lender, does business.
Help us grow and continue telling Israel's story to the world. Although the ICJ, based in The Hague, is the highest United Nations court and its decisions are binding, it has no power to enforce them, and countries, including the USA, have occasionally ignored its rulings. "It is necessary to put a stop to this behavior", Zarif said.
The ICJ was set up in 1946 to rule in disputes between countries.
A State Department official said the application was without merit and the United States would fight it in the court.More news: PM to say Brexit plan will deliver for Northern Ireland