The President of United States, Donald Trump on May 8, 2018 announced US withdrawal from the landmark 2015 nuclear deal with Iran. Trump stated through a televised address that the 2015 agreement, which included Germany, France and Britain, was a “horrible one-sided deal that should never ever have been made.” He added that the United States “will be instituting the highest level of economic sanction.”
Trump blasted the deal as “defective at its core.” He said that he fears the 2015 deal will allow the Iranian regime to accumulate nuclear weapons. He cited documents that were recently released by Israeli Prime Minister Benjamin Netanyahu as evidence.
The US National Security Adviser John Bolton also urged everyone to avoid signing any new business contracts with Iran. The US Treasury Department said there will be ‘certain 90-day and 180-day wind-down periods’ but didn’t specify which sanctions would fall under which timelines. The department said that at the end of the periods, the sanctions will be in full effect.
The leaders of US’s closest allies – Britain, Germany and France expressed ‘regret and concern’ over Trump’s decision and said they intend to preserve the 2015 agreement. The leaders also urged the United States to do everything possible to preserve the gains for nuclear non-proliferation brought about by the Joint Comprehensive Plan of Action (JCPoA), the deal’s official name.