President Donald Trump has officially announced his withdrawal from the Joint Comprehensive Plan Of Action(JCPOA)
The President repeatedly mentioned the possibility of a middle east nuclear arms race and Iran’s sponsorship of global terrorism as the main factors behind his decision.
The President commented that he will institute the highest level of economic sanctions on the nation.
These are Trump’s demands on Iran pic.twitter.com/qtxyGKqZZ3
— Max de Haldevang (@MddeH) May 8, 2018
What did the JCPOA Do?
The 2015 pact lifted most of the U.S. and international sanctions against the country, in exchange for Iran agreeing to restrictions on its nuclear program making it impossible to produce a bomb, along with rigorous inspections for the next 15 years.
Israel, Gulf Arab states, and many congressional Republicans said the deal was a giveaway to Tehran that ultimately paves the path to a nuclear-armed Iran several years in the future.
“Perhaps the nuclear deal’s most unforgivable flaw is that its original architects chose to stand with and empower Iran’s mullahs over the Iranian people, whose opposition to their corrupt and criminal government continues to grow,” Sen. Marco Rubio, R-Fla., wrote in a Fox News op-ed urging Trump to abandon the pact and ratchet up sanctions.
What Could Happen Going Forward?
Trump’s decision could lead to retaliation from Iran in the near-term.
If the deal collapses, Iran could resume prohibited enrichment activities, while businesses and banks doing business with Iran would have to scramble to extricate themselves or run afoul of the U.S.
Iran could also come back to the negotiation table although this is currently unlikely.