ABOVE: President Donald Trump at the press briefing announcing the withdrawal from the Iran nuclear deal, May 8.
President Donald Trump announced the U.S. withdrawal from the 2015 Iranian nuclear deal on May 8, while announcing stiff new economic sanctions on the Islamic Republic.
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“This was a horrible one-sided deal that should have never, ever been made,” Trump said in his announcement from the White House. “It didn’t bring calm, it didn’t bring peace, and it never will.”
He also said that he will impose new tough sanctions on Iran, while warning other countries from doing business with Tehran.
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“We will be instituting the highest level of economic sanction,” warned Trump. “Any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States.”
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As such, the new sanctions instituted by Trump will re-impose oil sanctions and secondary sanctions against the Central Bank of Iran, while also instructing the Treasury Department to develop additional sanctions over the course of the next few weeks. The financial sanctions will give European companies between 90 and 180 days to wind down their business in Iran, while the oil sanctions will require European and Asian countries to reduce their imports from the Islamic Republic.
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Trump continued his heavy criticism of the accord, calling it an “embarrassment” and “disastrous.”
“At the point when the U.S. had maximum leverage, this disastrous deal gave this regime — and it’s a regime of great terror — many billions of dollars, some of it in actually cash, a great embarrassment to me as a citizen.”
Netanyahu Supports ‘Bold Decision’ On Iran
The president cited Israeli Prime Minister Benjamin Netanyahu’s presentation in late April that detailed new Israeli intelligence outlining Iran’s covert attempts at developing a nuclear arsenal.
“Last week, Israel published intelligence documents — long concealed by Iran — conclusively showing the Iranian regime’s history of pursuing nuclear weapons,” Trump said, while warning that there would soon be a “nuclear-arms race in the Middle East” if he let the deal stand.
Trump also echoed Netanyahu’s rhetoric from the presentation, saying that Iran has “lied” about its past nuclear intentions and, therefore, the 2015 agreement was built on a false premise.
“The so-called Iran deal was supposed to protect the United States and our allies from the lunacy of an Iranian nuclear bomb, a weapon that will only endanger the survival of the Iranian regime. In fact, the deal allowed Iran to continue enriching uranium and over time reach the brink of a nuclear blackout,” stated Trump. “Today, we have definitive proof that this Iranian promise was a lie.”
In his own statement following Trump’s, Netanyahu said Israel “fully supports” Trump’s “bold decision” on Iran.
“Israel has opposed the nuclear deal from the start because we said that rather than blocking Iran’s path to a bomb, the deal actually paved Iran’s path to an entire arsenal of nuclear bombs, and this within a few years’ time,” he said.
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