John Bolton: Iran Nuke Deal Couldn't Withstand the Scrutiny

The Latest John Kerry cautions'new arms race is underway

Oil prices rose more than two per cent on Wednesday, climbing to near 3½ year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the "highest level" of sanctions against the OPEC member.

"The inspections are under way, and if they move things, they leave behind a very, very important mark called isotopes", he said.

While Iran accepted restrictions on its nuclear work under the 2015 agreement - a programme it said was purely for peaceful purposes - it has repeatedly refused to discuss its missile programme - an issue that appears to have provoked President Trump. Several countries, including traditional allies, have strongly reacted against the USA for reneging on its promise.

Iran has woken up to news that President Donald Trump plans to announce his decision about whether to pull America out of the nuclear deal between Tehran and with world powers.

"The goal is to prevent Iran from ever developing or acquiring a nuclear weapon and the detail beyond that is something we are going to have to flesh out", the official added.

French carmaker Peugeot has a $430 million deal to produce cars with an Iranian partner; its parent company said in January that it would open a new headquarters in Atlanta as part of a United States "comeback". But they're going to lose huge, huge dollar benefits 'cause they won't be able to deal with the United States. "Iran is also supporting American enemies in Lebanon, Iraq, and Syria". In response to the United States decision, Iranian President Hassan Rouhani said Tehran would bypass Washington and negotiate with the other signatories of the deal. "Not only has the rogue nation never had any intention of discontinuing its development of nuclear weapons, but it has also sustained its state sponsorship of terrorism worldwide". The sanctions are the most pressing since Iran is a main source of oil for the Western world.

CORNISH: Ambassador David O'Sullivan is the European Union ambassador to the U.S. Thank you for speaking with ALL THINGS CONSIDERED.

Iran's state-run television broadcaster carried the announcement at 10 a.m. local time, and Iran's state-run IRNA news agency also carried a report on it. Some exemptions are due to be negotiated but it is not yet clear what.

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He said the sanctions will sharply curtail sales of oil by Iran, which is now the world's fifth largest oil producer.

Iran's government must now decide whether to follow the USA and withdraw or try to salvage what's left with the Europeans.

In a statement, President Hassan Rouhani said: "I have ordered the foreign ministry to negotiate with the European countries, China and Russian Federation in the coming weeks".

Iranian officials are putting on a fearless face.

Washington has given grace periods of 90 days to six months for companies to wind down their trade with Iran. Whether European countries opt to impose sanctions on Iran or not, Airbus could be affected by American sanctions since it has a USA plant and its jets utilize US -made parts.

Trump said Tuesday that documents recently released by Netanyahu showed Iran had attempted to develop a nuclear bomb in the previous decade, especially before 2003.

In Iran, the U.S. decision will serve to empower hardliners. "Our friends in the Middle East", particularly Israel and Saudi Arabia, wanted out.

Some European diplomats believed any chance of persuading Trump to stay in the deal had gone even before Macron visited Washington.

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