Zarif. Photo: John Thys/AFP via Getty Images

Iran's foreign minister, Mohammed Javad Zarif, is embarking on a tour of Europe, China and Russia in an effort to save the Iran nuclear deal, Reuters reports.

The bottom line: After the U.S. withdrew from the deal and announced forthcoming sanctions against companies and countries that do business with Iran, the Middle Eastern country must try to safeguard its trade relationships for the sake of its economy.

Yes, but: While China and Russia are well-positioned to evade U.S. sanctions, the European Union is not. If forced to choose between the $400 billion per year Iranian market and the $18 trillion per year U.S. market, Europe will pick the U.S.

Zarif's stops: He heads to Beijing today, then Russia, then Brussels to meet his counterparts from France, the U.K. and Germany.

Go deeper: The companies hit hardest by sanctions on Iran

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Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 20,014,574 — Total deaths: 734,755 — Total recoveries — 12,222,744Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 5,089,416 — Total deaths: 163,425 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. Politics: Trump claims he would have not called for Obama to resign over 160,000 virus deathsHouse will not hold votes until Sept. 14 unless stimulus deal is reached.
  4. Business: Richer Americans are more comfortable eating out.
  5. Public health: 5 states set single-day coronavirus case records last week — A dual coronavirus and flu threat is set to deliver a winter from hell.
  6. Sports: The cost of kids losing gym class — College football is on the brink.
  7. World: Europe's CDC recommends new restrictions amid "true resurgence in cases."