No takers for Trump's hard stance on Iran

13 May, 2018, 00:41 | Author: Bert Pena
  • India Braces for Oil Blowback as Trump Set to Announce Decision on Iran Deal

European countries that support the agreement, in seeking to persuade Trump not to abandon the deal, often argued that it provides "the world's most robust" nuclear-monitoring regimen.

"With all of the places they're involved, it's bedlam and death and we can't allow that to happen". He added that "you have made a mistake, Trump".

Media captionWhat is the Iran nuclear deal?

These countries were anxious that Iran was on its way to creating nuclear weapons - something it denied.

European buyers are not in an immediate rush to replace Iranian supplies due to that wind-down period, with sanctions expected to kick in in November. As of now, there's yet to be a step change in owners' approach to Iranian business, he said.

Between 2012 and 2016, it's estimated the sanctions caused Iran to lose out on £118bn in oil money.

The statement reads: "A long-term framework for Iran's nuclear programme... will need to be addressed [after 2025]".

In this scenario, Iran would continue to observe the JCPOA's terms of inspection and limits on enrichment of nuclear materials.

Why didn't Trump like the deal?

They hobbled Iran's economy, for instance, and it has not recovered, despite the regime receiving much of the deal's financial benefit upfront.

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The White House also has bluntly warned Iran of unspecified consequences should it resume nuclear activities prohibited under the agreement.

Iran is backing the Shiite Huthi rebels in Yemen's civil war. Some have postulated that this move is merely a political stunt to undo the progress that President Obama and his administration cultivated by establishing the Iran deal during his presidency.

He's already said he will pull the U.S. out of the Paris climate change deal, tried to repeal Obama's healthcare act and pulled the United States out of a trade deal with Asia.

GREENE: Now Britain, France and Germany have pledged to remain in the nuclear deal even without Washington and despite new sanctions.

The Iranian government is warning that it will take "whatever reciprocal measures it deems expedient" if it is not fully compensated for the USA withdrawal from the nuclear agreement as provided for in the accord.

Merkel said in a speech that Germany remains committed to the agreement and will try to do everything it can to ensure Iran fulfills its future commitments.

Iran's Secretary of the Supreme National Security Council Ali Shamkhani said at a press briefing on Iranian state television last month the government is considering withdrawing from the Non-Proliferation Treaty, the very basis of all global non-proliferation efforts.

In deciding to withdraw from the deal, Trump spurned repeated assurances from the United Nations watchdog that it has received access from Iran to all the facilities it has sought to inspect, and found those sights free of the uranium enrichment and other kinds of nuclear activity prohibited under the agreement in exchange for sanctions relief.

"We will respect the capacity of individual countries to make their decisions about foreign policy", Trudeau said Wednesday. A renewal of sanctions would give the country's leaders little reason to adhere to their part of the deal.

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