Published: Thu, May 17, 2018
Business | By Kate Woods

U.S. withdrawal from Iran nuke deal's ill consequences

U.S. withdrawal from Iran nuke deal's ill consequences

"We've seen is that Iran's economic condition is really quite shaky, so that they effect here could be dramatic", he told Tapper.

The decision to withdraw the United States from the hard-won multinational Joint Comprehensive Plan of Action "sends a critical message", the USA president said on Tuesday.

Oche, however, expressed the hope that President Trump would have another look at his decision to withdraw from the deal.

Previously, Donald trump threatened sanctions on any foreign company that does business with Iran in certain sectors of the economy.

Several Irish firms began trading with Iran, the Middle East's second-largest economy, in the wake of the 2015 deal to control Tehran's nuclear ambitions, which led to the lifting of long-standing global sanctions and the resumption of formal trade ties with several European countries.

During the call, Rouhani said the USA decision to withdraw from the deal was "unlawful" and "irresponsible".

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When asked if this would mean sanctions against firms, the adviser didn't deny the possibility.

The administration says the lifting of sanctions as part of the nuclear pact had allowed Iran to build up its military, with Trump claiming on Saturday that Tehran´s defense spending had risen by 40 percent since 2015.

Trump denounced the accord, completed under his predecessor Barack Obama, because it did not cover Iran's ballistic missile programme, its role in Middle East conflicts or what happens after the deal begins to expire in 2025. On the day Trump announced the withdrawal, Israeli warplanes launched airstrikes on Iran's facilities in Syria, allegedly in retaliation for an unconfirmed (according to the Guardian) Iranian missile attack on Israeli forces in the Golan Heights that failed to hit targets. It scraps an agreement that stopped Iran from building nuclear weapons and replaces it with, well, it's not clear.

In response to comments that the Rouhani administration should apologize to the people, the statement read that "the people who should apologize for their previous incorrect" positions are those who are not ready to tell us what the damage from sanctions were and what steps they took to prevent those damages.

Iran has said it would remain in the JCPOA for now, pending negotiations with the other signatories before making a final decision.

"I'm not going to pretend to you now that it will be easy but we are determined to do that and - as far as we possibly can - to protect our businesses from the effects of American primary and secondary sanctions".

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Israel and Iran engaged in an extensive military exchange on the heels of Trump's decision to leave the deal.

Many Europeans, like Ms. Tocci, believe that the unstated American aim is "regime change" in Iran, something that the British and French foreign ministers, Boris Johnson and Mr. Le Drian, have specifically ruled out as a European goal.

"It is vital that we continue to engage with the United States and continue to interrogate our friends in Washington about how they see the nuclear deal developing".

But European leaders have been working hard to mollify Tehran - UK Prime Minister Theresa May spoke to Iranian President Hassan Rouhani on Sunday to assure him of her support for the deal. He followed through with a reimposition of sanctions on foreign companies that continue to do business with Iran, giving them either a 90-day or 180-day grace period to terminate their existing contracts, otherwise to face punitive measures by the USA government.

Area readers have split feelings on whether the US should have violated a 2015 agreement with Iran and other nations to prevent Iran from pursuing a nuclear weapons program, according to a Free Press online question.

"We are on the right path to move forward", he said.

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