Published: Sun, May 13, 2018
Global News | By Blake Casey

Ramaphosa unhappy with Trump's decision to pull out of Iran nuclear deal

Ramaphosa unhappy with Trump's decision to pull out of Iran nuclear deal

Neither Mattis nor Joint Chiefs Chairman Gen. Joseph Dunford disputed that they had repeatedly affirmed JCPOA was working in terms of verifying Iran's compliance on nuclear programs, but they deferred to Trump's decision.

"I would advise Iran not to start their nuclear programme", Mr Trump said when he was asked about the potential consequences.

"The kingdom supports and welcomes the steps announced by the US president toward withdrawing from the nuclear deal. and reinstating economic sanctions against Iran", Saudi Arabia's foreign ministry said. By pulling the United States from the plan, Trump has not completely destroyed it but he has put its future at risk while dramatically increasing the chances of chaos in the Middle East.

The decision will have repercussions in every corner of the globe.

Under the deal signed by former President Barack Obama, five other world powers and Iran, sanctions were lifted in exchange for Iran's willingness to curtail its nuclear program.

The chant "Death to America" has always been used in Iran, going back at least to the 1979 Islamic Revolution.

And, in any event, it would need Iranian agreement and why would they offer it after Trump just spiked the deal they already had?

Trump announced Wednesday that the USA would no longer be part of that deal. "I have ordered the foreign ministry to negotiate with the European countries, China and Russian Federation in coming weeks".

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Cardinals coach Steve Wilks attributed it to nerves. "But he's so confident, and you can see that as he went on with practice".

"Iran is also supporting American enemies in Lebanon, Iraq, and Syria". They've got to understand life, because I don't think they do understand life. "We believe the deal does not deal with Iran's ballistic missile program nor does it deal with Iran's support for terrorism".

But a drop in Iranian exports due to a return of USA sanctions, plus involuntary supply losses in other OPEC members such as Venezuela, would mean the supply cut would be significantly larger than intended. This is expected to hit major European and United States companies. He also said Britain would do its utmost to protect United Kingdom commercial interests in Iran. Some exemptions are due to be negotiated.

"The oil supply/demand balance is roughly in balance now, but it could turn to a complete supply shortage (in case of new supply curbs)". Mnuchin said he didn't expect oil prices to rise sharply, forecasting that other producers will step up production.

He added that, despite the U.S. government withdrawing from the agreement, it should not prevent the remaining parties from honouring their commitments to the agreement.

Supporters of the agreement, which countries including Germany, France and Britain plan to remain in, say it places strict limits on Iran's nuclear facilities that make it unable to produce a bomb during the lifetime of the deal.

"We'll see what happens", said Trump.

Trump also left open the possibility of a new deal, and told reporters Wednesday: "We'll make either a really good deal for the world or we're not going to make a deal at all". Because Iran is home to some of the world's largest oil reserves, business began booming nearly immediately after Iran renounced the majority of its enriched uranium and closed two-thirds of the country's centrifuges, with energy companies, hotel chains, airlines, and other firms setting up shop in Iran.

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