The White House said yesterday that Trump will waive the sanctions against Iran for the "last time", unless an agreement can be reached between the US and Europe within the next 120 days that would strengthen the nuclear deal.
"Despite my strong inclination, I have not yet withdrawn the US from the Iran nuclear deal," Trump said in a statement.
"Instead, I have outlined two possible paths forward: either fix the deals disastrous flaws, or the United States will withdraw," he said.
"This is the last chance. In absence of such an agreement (between the US and European powers), the US will not again waive sanctions in order to stay in the Iran nuclear deal," he said in a lenghty statement.
Also Read
The announcement came as the Treasury Department placed sanctions on 14 individuals and entities for alleged offenses unrelated to Irans nuclear industry. The new measures concern human rights abuses and censorship in Iran and the arming of groups throughout the region.
The entities sanctioned include Irans Supreme Council of Cyberspace and its subsidiary, the National Cyberspace Center, which police the Internet, restricting access to websites that challenge the regime.
Iran's Foreign Minister Mohammad Javad Zarif describe Trump's decision as "desperate attempt" to "undermine" the deal.
"Trumps policy & todays announcement amount to desperate attempts to undermine a solid multilateral agreement, he tweeted.
He said the nuclear deal is "not renegotiable and rather than repeating tired rhetoric, the US must bring itself into full compliance -just like Iran."
As a signatory to the international Non-Proliferation Treaty, Iran has committed to not building nuclear weapons, even after the restrictions on its programme lapse, and it is entitled to use nuclear technology for peaceful purposes.
To keep the 2015 deal alive before he is required to sign another waiver in 120 days from now, Trump outlined four "critical components" that must be included in US legislation regarding Iran.
The changes Trump has demanded include immediate inspections at all sites requested by the International Atomic Energy Agency; ensuring that Iran never even comes close to possessing a nuclear weapon; automatic resumption of US sanctions if Iran does not comply and Irans development and testing of missiles should be subject to severe sanctions.
Trump said he is open to working with Congress on bipartisan legislation regarding Iran. But any bill he sign must include these four critical components.
"I have been very clear about my opinion of that deal. It gave Iran far too much in exchange for far too little. The enormous financial windfall the Iranian regime received because of the dealaccess to more than USD 100 billion, including USD 1.8 billion in cashhas not been used to better the lives of the Iranian people. Instead, it has served as a slush fund for weapons, terror, and oppression, and to further line the pockets of corrupt regime leaders, he said.
"This is a last chance. In the absence of such an agreement, the United States will not again waive sanctions in order to stay in the Iran nuclear deal. And if at any time I judge that such an agreement is not within reach, I will withdraw from the deal immediately, Trump warned, adding that no one should doubt his words.
"If other nations fail to act during this time, I will terminate our deal with Iran. Those who, for whatever reason, choose not to work with us will be siding with the Iranian regimes nuclear ambitions, and against the people of Iran and the peaceful nations of the world, Trump said.
By contrast, my Administration has engaged with key European allies in seeking to secure a new supplemental agreement that would impose new multilateral sanctions if Iran develops or tests long-range missiles, thwarts inspections, or makes progress toward a nuclear weaponrequirements that should have been in the nuclear deal in the first place, he said.
Trump alleged that Iranian regime is the worlds leading state sponsor of terror and enables Hezbollah, Hamas, and many other terrorists to sow chaos and kill innocent people.
"The regimes destructive missiles threaten neighbouring countries and international shipping. Within Iran, the Supreme Leader and his Islamic Revolutionary Guard Corps use mass arrests and torture to oppress and silence Irans people. Irans ruling elite has let their citizens go hungry while enriching themselves by stealing Irans national wealth," said the US President.
The US, he said, is countering Iranian proxy wars in Yemen and Syria.
Disclaimer: No Business Standard Journalist was involved in creation of this content