Washington to reinstate sanctions against the Islamic republic.
The United States has pulled out of the Iran nuclear deal, President Donald Trump announced on Tuesday, upending a key foreign policy achievement of his predecessor Barack Obama.
Under the 2015 deal, the Joint Comprehensive Plan of Action (JCPOA), involving five permanent members of the United Nation’s Security Council and Germany, Iran had agreed to stop its nuclear programme in exchange of relief from economic sanctions.
“We will be instituting the highest level of economic sanction,” Mr. Trump said.
The President has directed his administration to immediately begin the process of re-imposing sanctions against Iran that were lifted by the JCPOA, the White House said in a statement moments after he announced the decision. “The re-imposed sanctions will target critical sectors of Iran’s economy, such as its energy, petrochemical, and financial sectors,” it said.
Washington to reinstate sanctions against the Islamic republic.
The United States has pulled out of the Iran nuclear deal, President Donald Trump announced on Tuesday, upending a key foreign policy achievement of his predecessor Barack Obama.
Under the 2015 deal, the Joint Comprehensive Plan of Action (JCPOA), involving five permanent members of the United Nation’s Security Council and Germany, Iran had agreed to stop its nuclear programme in exchange of relief from economic sanctions.
“We will be instituting the highest level of economic sanction,” Mr. Trump said.
The President has directed his administration to immediately begin the process of re-imposing sanctions against Iran that were lifted by the JCPOA, the White House said in a statement moments after he announced the decision. “The re-imposed sanctions will target critical sectors of Iran’s economy, such as its energy, petrochemical, and financial sectors,” it said.
Though the formal exit of America from the deal happened only with Mr. Trump’s announcement on Tuesday, it has already been in violation of the agreement according to some commentators, who point out the Trump administration’s active role in stopping commercial agreements Iran sought with western companies. Under the deal, the U.S was to help Iran integrate into the global economy.
The Trump administration has been pressing European countries to stay away from commercial deals with Iran already. Boeing, one American entity that was allowed to do business with Iran by the Obama administration has not proceeded with the opportunity.
Democratic Senator Bob Menendez, Ranking Member of the Senate Foreign Relations Committee, said the governments of Iran, Russia, and China would “seize this opportunity of self-imposed U.S. isolation to continue major weapons sales, deepen economic ties, and further challenge the United States and Europe not only in the Middle East but in other areas like North Korea.”
“With this decision President Trump is risking U.S. national security, recklessly upending foundational partnerships with key U.S. allies in Europe and gambling with Israel’s security. Today’s withdrawal from the JCPOA makes it more likely Iran will restart its nuclear weapons program in the future,” he said.
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