Trump pulls out of Iran Deal, slaps sanctions on Iran

Washington Times, May 8, 2018.

President Trump announced Tuesday that the U.S. was pulling out of the Iran nuke deal, keeping his promise to rip up what he called the worst deal ever but igniting fears that the Islamic regime in Tehran will fast-track a nuclear bomb.

“This was a horrible one-sided deal that never ever should have been made,” Mr. Trump said in a speech from the White House.

By quitting the Obama-era agreement, Mr. Trump put the U.S. on a course to reinstate economic sanctions that had been waived under the deal, potentially adding new sanctions against Tehran.

Mr. Trump said the U.S. would delay the restart of the sanctions for 9o day to allow further negotiations.

The agreement lifted economic sanctions on Iran in return for the Islamic regime halting its nuclear program until 2025. But Iran continued to test missiles, support of terrorism and was poised to rush into the production of nuclear weapons when the agreement sunsets in seven years.

The shortcomings were acknowledged widely by European allies, as well as supporters of the deal in Congress. But few wanted Mr. Trump to exit the deal, known as the Joint Comprehensive Plan of Action or JCPOA.

The president’s decision bucked intense pressure from European leaders to stay in the deal and use it as a foundation for further measures to rein in Iran’s disruptive influence across the Middle East.

French President Emmanuel Macron pressed Mr. Trump to stay in the deal last month when visiting the White House, as did German Chancellor Angela Merkel in a separate visit.

France, Germany and the U.K., as well as China and Russia, joined the U.S. in negotiation the deal in 2015.

Mr. Trump’s bold move forces the world to take a fresh look at the deal, with many in the international community hitting the panic button in anticipation that Iran will jumpstart its nuclear weapon program.

But it remained to be seen how Iran would react can whether Tehran would stick to the deal with European countries and China.

Iran appeared to brace for an economic hit if the U.S. restores sanctions.

“It is possible that we will face some problems for two or three months, but we will pass through this,” Iranian President Hassan Rouhani said before the announcement while attending a petroleum industry conference in Tehran….