Reintroduction of USA sanctions on Iran sets alarm bell ringing in Delhi

Bushehr nuclear power plant in Iran

President Trump's announcement that he will withdraw the United States from the Iran nuclear deal sent crude oil prices up slightly. He declared he was making the world safer, but he also deepened his isolation on the world stage and revived doubts about American credibility with a rationale that contradicted the analyses of U.S. and foreign intelligence sources.

The President announced his decision to withdraw from the Obama-era agreement Tuesday, warning Iran they will be in a "worse situation" should they restart their nuclear or missile programs. But that was nothing compared to the vitriol coming from some other Iranian leaders.

David Barrows protests outside of the White House as Trump announces the USA withdrawal from the Iran deal. "Whether they do have a plan is doubtful and what we do know is that he's working on a game plan that was closely scripted in conjunction with, if not written by, [Israeli Prime Minister] Benjamin Netanyahu himself".

Given the widespread condemnation of the United States decision to both withdraw from the JCPOA and reimpose previous economic sanctions against Tehran, the respective Middle East strategies on both sides of the Atlantic appear to be at odds, for the time being, undermining Mattis' comments.

"I have no doubt that the [Iran deal] was flawed and that for years Iran has been deceptive about its nuclear and other programs", said U.S. Rep.

Trump said his goal was to "work with our allies to find a real, comprehensive, and lasting solution to the Iranian nuclear threat", but none of the other world powers that signed the 2015 agreement stepped forward on May 8 to go down the path of negotiating a new deal.

Hassan Rouhani made the comment in a phone conversation with his French counterpart Emmanuel Macron on Wednesday.

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The Confederation of British Industry said United States sanctions " could significantly impact United Kingdom businesses operating in Iran".

The Treasury Department said there would be "certain 90-day and 180-day wind-down periods" but didn't specify which sanctions would fall under which timelines. "Everything depends on our national interests". "German companies doing business in Iran should wind down operations immediately", he wrote. From its perspective, and that of other OPEC members who have cut production to maintain prices, the USA withdrawal is a big gift.

We'll see. Our president may have just frittered away his Nobel Peace Prize.

One question after Trump's announcement was how far the USA will go in pressuring the allies to follow the president's policies.

Donald Trump's scrapping of the Iran nuclear deal will likely, in the words of the New York Times editorial board, "allow Iran to resume a robust nuclear program, sour relations with close European allies, erode America's credibility, lay conditions for a possible wider war in the Middle East and make it harder to reach a sound agreement with North Korea on its nuclear weapons program".

To understand the polarizing nature of this deal and why Trump's decision is being widely debated, here's a quick breakdown of the historic pact and the debate surrounding it. But Trump has taken issue with provisions that lift some restrictions on Iran's nuclear efforts in years to come, and he never accepted the premise that it was the best near-term strategy to prevent a nuclear-armed Iran.

The European joint statement also urged Iran "to show restraint" in response to the United States decision.

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