USA will lose from decision to withdraw from Iran nuclear deal: Erdoğan

by Abel Hampton May 11, 2018, 4:03
USA will lose from decision to withdraw from Iran nuclear deal: Erdoğan

US President Donald Trump's decision to dump the landmark Iran nuclear deal has shocked the world, with America's closest allies like France, Germany and the United Kingdom expressing concern over it while Iran's foes Israel and Saudi Arabia welcoming the move.

Japan and South Korea are the most likely to shun Iranian crude to stay on President Trump's good side.

The Irish government is standing in line with European partners in opposing the decision by President Donald Trump to rescind USA participation in the Iran nuclear deal.

Dismayed European allies sought to salvage the global nuclear pact with Iran, with French President Emmanuel Macron scheduled to speak to his Iranian counterpart Hassan Rouhani later today.

US drivers who have noticed higher prices at the pump may be tempted to blame Trump's Iran decision, but it's only one factor at play right now.

Acting ahead of a May 12 deadline, Trump on Tuesday opted not to extend sanctions relief on Iran, re-imposing nuclear-related economic penalties on the Islamic republic.

Trump's decision could eventually mean less oil on the world market from Iran because now the USA will reimpose economic sanctions on Iran that were lifted as part of the 2015 deal.

In a media statement, the FO said that the US's withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA) would weaken the dialogue process that was meant to find a solution to the conflict.

Trump immediately imposed sanctions on Iran, while Iran president Hassan Rouhani declared the country will enrich uranium "more than before" if negotiations fail in response to the U.S. withdrawing.

President Trump ignored the advice.

Still, Rouhani made a point of stressing that Iran, at any time, could resume its nuclear program. Riyadh's statement, which came less than an hour after Mr Trump's decision, said it "supports and welcomes" the United States decision.

"I hope that all other parties to the agreement, including Iran but also the European Union and others, will continue to implement the agreement".

"Iran will not violate the nuclear deal, but if the United States withdraws from the deal, they will surely regret it. If they do there will be very severe outcome".

While U.S. flag-burning is common in Iran and harsh criticism of America has been a staple of Iranian parliamentary politics for years, it was the first time political observers could remember anything being burned inside the parliament itself. One of the main topics of Macron's trip to Russian Federation in May will be the Iran nuclear deal. If US officials are troubled by Iran's foreign policy now, imagine how much more powerful a nuclear-armed Iran would be. "I have ordered the foreign ministry to negotiate with the European countries, China and Russian Federation in coming weeks".

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