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Donald Trump announces US pulling out of Iran nuclear deal, reviving economic sanctions

| 25.06,19. 07:38 AM |

Donald Trump announces US pulling out of Iran nuclear deal, reviving economic sanctions

US President Donald Trump has announced he is pulling the United States out of the Iran nuclear deal, in a move set to upset America's European allies and disrupt global oil supplies.

Mr Trump said the nuclear agreement was a "horrible, one-sided deal" that "didn't bring peace" and "never will".

"I am announcing today that the United States will withdraw from the Iran nuclear deal," Mr Trump said at the White House.

"In a few moments, I will sign a presidential memorandum to begin reinstating US nuclear sanctions on the Iranian regime.

"We will be instituting the highest level of economic sanctions."

Renewing sanctions would make it much harder for Iran to sell its oil abroad or use the international banking system.

Iranian President Hassan Rouhani said there was a short time to negotiate with other world powers, but if talks failed Tehran was ready to resume its nuclear work.

"I have ordered Iran's atomic organisation that whenever it is needed, we will start enriching uranium more than before," Mr Rouhani said.

He said Iran would start this "in the next weeks".

Iranian state television said the US decision was "illegal, illegitimate and undermines international agreements".

PM optimistic deal will survive without US

Prime Minister Malcolm Turnbull has joined European leaders in expressing regret at Mr Trump's decision to pull out of the Iran deal.

Mr Turnbull told the ABC he had "some optimism" that the nuclear agreement would survive without the participation of the United States.

"We encourage all parties to continue to comply with the deal. And we certainly are trying to support that," he said.

European countries said they remained committed to the deal and called on Washington not to prevent other countries from implementing it.

"We urge the US to ensure that the structures of the JCPOA can remain intact, and to avoid taking action which obstructs its full implementation by all other parties to the deal," a statement provided by British Prime Minister Theresa May's office said.

The statement followed a phone call between Ms May, French President Emmanuel Macron and Germany's Chancellor Angela Merkel.

The move to withdraw is a snub to the three nations, who had tried hard to convince Mr Trump to preserve the deal.

Russia's envoy to the European Union said Moscow would also continue its efforts to keep the deal functioning.

However, the announcement was hailed by Washington's principal allies in the Middle East: Israel and Saudi Arabia.

"Israel thinks that President Trump made an historic move," Israeli Prime Minister Benjamin Netanyahu said in a brief televised address.

"Israel thanks President Trump for his courageous leadership, his commitment to confront the terrorist regime in Tehran, and his commitment to ensure that Iran never gets nuclear weapons, not today, not in a decade, not ever."

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