Trump announces withdrawal from Iran nuclear deal

09 May, 2018 12:00 am

WASHINGTON (AFP) – President Donald Trump on Tuesday announced withdrawal from Iran nuclear deal, re-imposing sanctions and abandoning the 2015 accord that Washington’s allies believe is the last barrier against a Middle East arms race.

“This was a horrible one-sided deal that should have never, ever been made,” Trump said at the White House in announcing his decision. “It didn’t bring calm, it didn’t bring peace, and it never will.”

Mr Trump’s announcement, while long anticipated and widely telegraphed, plunges America’s relations with European allies into deep uncertainty. They have committed to staying in the deal, raising the prospect of a diplomatic and economic clash as the United States re-imposes stringent sanctions on Iran.

It also raises the prospect of increasing tensions with Russia and China, which also are parties to the agreement.

“France, Germany and the United Kingdom regret the US decision to get out of the Iranian nuclear deal,” President Emmanuel Macron of France said in a post on Twitter shortly after Mr. Trump’s announcement. “The international regime against nuclear proliferation is at stake.”

Amid six months of speculation over Trump’s decision, the Iranian rial had lost around a third of its value, before authorities in April took the drastic step of pegging the exchange rate to the dollar.

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