'Severe consequences' to be faced if Iran resumes nuclear programme

13 May, 2018, 00:56 | Author: Charlene Valdez
  • 'Severe consequences' to be faced if Iran resumes nuclear programme

We've boiled it down to five main questions - and hopefully this shouldn't take you more than a couple of minutes to read.

The Vienna-based IAEA was tasked with monitoring and verifying Iran's adherence to the 2015 deal with six world powers.

Iran has denied ever pursuing nuclear arms.

Many Iranian citizens are anxious about what Trump's decision could mean for the country's financial future.

The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.

Second, Iran continues to be a destabilizing agent in other countries in the region and a major sponsor of terrorism, especially in Lebanon, where it arms and finances Hezbollah, and in Gaza, where it supports the terrorist and corrupt Hamas rulers.

The administration said it would re-impose sanctions on Iran immediately but allow grace periods for businesses to wind down activity.

"Investors are increasingly viewing Kuwait and Iraq as the producers with the best ability to raise output quickly in response to any fall in Iranian exports", it added.

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"The JCPOA was the result of long-running and constant efforts from 2003 to 2015, and it is an worldwide agreement as it has been approved by the UN Security Council", said the Iranian President as reported by Fars News Agency.

It included closing down some nuclear facilities or reducing their capacity, as well as allowing worldwide inspectors to check they were keeping to the terms.

That doesn't mean that Trump was wrong in rescinding what he called "a decaying and rotten" deal.

Part of his argument is over what it didn't cover, including Iran's involvement in wars in Syria and Yemen. This is not as simple as a spiteful and disruptive president undoing the work of his more reliable and traditional predecessor.

"I would advise Iran not to restart their nuclear programme, I would advise that very strongly".

"We urge the U.S.to ensure that the structures of the JCPOA can remain intact, and to avoid taking action which obstructs its full implementation by all other parties to the deal", Macron, Merkel and May said in their statement.

The lawmakers' anger is reflective of the feelings of Iranian Supreme Leader Ayatollah Khamenei. President Hassan Rouhani has changed his tone and vowed that his country would continue to stick to the deal despite America's withdrawal.

How have other countries reacted?

South Korea says trying to verify complaints by North Korea waitress 'defectors'
Trump once showed an interest in holding the summit in Panmunjom, where a summit of the South and North Korean leaders was held. Trump has said he wants a deal that denuclearizes the Korean peninsula or he'll walk away from negotiations.

"I'm not doubting the good intentions of France, Germany and Britain and Canada - they have no leverage, now they do", Barkan said in an interview.

The European joint statement also urged Iran "to show restraint" in response to the U.S. decision. The United States can't kill a deal all by itself that four other nations plus the European Union are all involved in.

While the United States decision may have implications on India's foreign policy, trade relations are unlikely to be impacted.

During his meeting with French President Emmanuel Macron, President Trump and Macron did seem open to the possibility of improving the Iran deal to alleviate Mr. Trump's concerns. "Mr Trump hasn't got one".

Trump said new economic sanctions will be enforced against Iran.

Oil prices on Friday dipped away from multi-year highs reached the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports when U.S. sanctions against Tehran are re-imposed. It would not only have profound and negative implications for the Middle East; it could also undermine the prospects of denuclearization on the Korean peninsula.

That would risk sparking an arms race with rivals Israel and Saudi Arabia.

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