Iran has accused the European nations of abusing the process.
Iranian Foreign Minister Mohammad Javad Zarif said: “The usage of the dispute mechanism is legally baseless and a strategic mistake from a political standpoint.”
The Prime Minister Boris Johnson has said the Iran nuclear deal should be replaced.
Mr Johnson has recognised US concerns that the 2015 deal was “flawed”, but has underlined the need for a solution to preventing Tehran from acquiring nuclear weapons.
Speaking to BBC Breakfast he said: “If we’re going to get rid of it then we need a replacement. Let’s replace it with the Trump deal.”
However, Iran’s President Hassan Rouhani has dismissed the proposed new “Trump deal” aimed at resolving the growing nuclear conflict.
He has said it was a “strange” offer and has criticised President Trump for breaking promises.
In a televised speech, the Iranian President told Washington to return to the 2015 nuclear pact between Tehran and world powers, adding that Iran could reverse its moves to scale back its commitments under the pact.
Given the escalated tensions between Iran, the US and Europe, it seems likely World War 3 would break out between these countries.