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.
"At the end of the month there is an OPEC meeting and these matters will be on the negotiations table", Luaibi said in response to a question from reporters on whether Iraq would plug the gap in supply expected from the reintroduction of sanctions on Iran's oil sales.
"Following the USA decision to withdraw from the nuclear agreement with Iran, Saudi Arabia is committed to supporting the stability of oil markets for the benefit of producers and consumers and the sustainability of the global economic growth", the official said.
Companies and countries with commercial deals with Iran would have either 90 or 180 days to wind down those activities, depending on the type of products being sanctioned.
On Wednesday, a separate OPEC source had said Saudi Arabia was monitoring the impact of the US move on oil supplies and was ready to offset any shortage but would not act alone.
Trump said on Tuesday that the United States was reimposing the "highest level of economic sanctions" on Iran, but he did not provide details.
Kuwait said in a statement that it "understands and respects" Trump's decision.
China's foreign ministry said Beijing would defend the deal and urged parties "to assume a responsible attitude".
Death toll from Pakistan mining explosions climbs to 23
Most of the miners came from the same village in Khyber Pakhtunkhwa's Shangla district, officials told Pakistan's Dawn newspaper. Some labourers are reportedly still trapped under rubble of the mine, which collapsed due to a gas explosion.
It would be hard to replace Iranian oil given the "commercial terms" offered by Tehran, he said.
The outlines of that agreement remain unclear, and may not be entirely clear to Washington and Riyadh, but the understanding is vital to the successful implementation of sanctions. The JCPOA is in America's interest - it has significantly rolled back Iran's nuclear program.
"These missiles are Iranian manufactured and delivered to the Houthis".
Trump said his decision to leave the JCPOA was created to counter that possibility.
Riyadh, which leads a regional coalition that intervened in Yemen's civil war to fight the Huthis, accuses Iran of supplying the militia with ballistic missiles.
Saudi Arabia, the United Arab Emirates (UAE) and Bahrain swiftly backed U.S. President Donald Trump's decision to reimpose sanctions on Iran.
A third OPEC source also said it was too soon to tell if extra oil was needed, citing Iran's ability to keep much of its exports flowing under a previous round of sanctions.