May 09, 2018

Iran deal: Trump breaks with European allies over 'horrible, one-sided' nuclear agreement

Featuring Peter Harrell

Source: The Guardian

Journalists Julian Borger, Oliver Holmes, Saeed Kamali Dehghan

Donald Trump has announced he will impose “the highest level of economic sanctions” on Iran, violating an international nuclear agreement and a UN resolution, breaking decisively with US allies in Europe, and potentially triggering a new crisis in the Gulf.

In a statement at the White House, Trump said this decision meant that the US would “exit the Iran deal” agreed with other major powers in 2015, and warned that “any nation that helps Iran in its quest for nuclear weapons could be strongly sanctioned”.

He then signed an executive order reimposing sanctions on any foreign company that continues to do business with Iran. The order gives companies 90-day or 180-day grace periods to extract themselves from existing Iranian contacts or face punitive US measures.

The leaders of the UK, France and Germany, who are also parties to the agreement known as the Joint Comprehensive Plan of Action or JCPOA, issued a statement soon after Trump’s declaration expressing their “regret and concern” and emphasising their “continuing commitment” to the deal.


Read the Full Article at The Guardian

  • Peter Harrell

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is an adjunct senior fellow at the Center for a New American Security, where he focuses on the intersection of economics and national security. Research interest...