Germany vows to assist Iran's economy if it adheres to nuclear deal

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German Foreign Minister Heiko Maas says Berlin is prepared to help Iran improve its economy and business ties while Tehran remains committed to a landmark nuclear agreement it signed with major powers in 2015.

"We will continue to make efforts to fulfill Iran's hopes for economic recovery and good trade relations as long as Iran is ready and able to prove that it adheres to its obligations under the nuclear deal," Maas said on Tuesday.

He was speaking at the Global Solutions Summit in Berlin three weeks after the United States pulled out from the landmark nuclear accord, officially known as the Joint Comprehensive Plan of Action (JCPOA).

US President Donald Trump announced on May 8 that Washington was walking away from the nuclear agreement, which was reached between Iran and the five permanent members of the UN Security Council - the US, Britain, France, Russia and China - plus Germany.

Trump also said he would reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.

Since the US president pulled Washington out of the historic nuclear deal, other signatories, including Germany, have been scrambling to ensure that Iran gets enough economic benefits to persuade it to stay in the deal.

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