Iranian crude safe - for now - after Trump sticks to nuclear pact

Iranian crude safe - for now - after Trump sticks to nuclear pact

Although he will uphold the agreement by waiving sanctions targeting Iran's access to the global financial system, Trump is also expected to reinstate sanctions targeting Iranian firms and individuals that were scrapped as part of the 2015 nuclear deal, AP, citing six people briefed on the matter.

Iran, which has always maintained that its nuclear program is peaceful, signed the deal with the United States, U.K., France, Russia, China, and Germany in 2015, allowing for repeated inspections of its nuclear facility in exchange for sanctions relief. In the absence of such an agreement, the United States will not again waive sanctions in order to stay in the Iran nuclear deal.

"The Iranian nuclear deal as we're talking about here had nothing really to do with either the ballistic missile program or Iranian actions in the Middle East, in say Syria or other places in the Middle East".

European powers have urged the United States not to abandon the 2015 agreement with Iran that limits its nuclear programme, saying it is making the world safer.

Russian Federation has warned the Trump administration that withdrawing from the multi-lateral Iran nuclear deal would be a grave error.

Iran argues that continued US sanctions on non-nuclear areas such as human rights and missile testing have effectively barred it from gaining numerous financial benefits expected from the deal. He said remaining in the pact will give Congress more time to come up with bipartisan legislation regarding Iran. "We are also targeting Iran's ballistic missile program and destabilizing activities, which it continues to prioritize over the economic well-being of the Iranian people".

The restrictions could hit some firms and individuals whose sanctions were previously scrapped.

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Iranian Foreign Minister Mohammad Javad Zarif responded on Twitter that the deal was not renegotiable and that Trump's stance "amounts to desperate attempts to undermine a solid multilateral agreement".

"The Iran deal in its current form is unacceptable and is simply not working", Mr. Gardiner said.

Trump had lengthy discussions on Thursday with Secretary of State Rex Tillerson, national security adviser HR McMaster and others about the deal, which was reached during the presidency of Democrat Barack Obama.

Since the change in administrations, the State Department likewise has certified that Iran is in "technical compliance" with the deal.

The White House also announced Friday that the administration is placing new, specific sanctions on 14 Iranian people or agencies. Bhala can discuss why the president's position is wrong as well as the requirements of the deal for the U.S., Iran and global allies.

The new strategy is likely to accelerate tensions between the US and Iran, which received significant global sanctions relief after the 2015 nuclear agreement was not signed.

"If it means in May the new certification of Iran's complying with the Joint Comprehensive Plan of Action will not happen - which is how we read yesterday's signals [from Washington] - then here we clearly see a classical ultimatum from the USA side", he said.

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