Trump warns Iran of 'severe consequence' if nuclear work resumes

13 May, 2018, 01:38 | Author: Orlando Hughes
  • India Braces for Oil Blowback as Trump Set to Announce Decision on Iran Deal

President Donald Trump's decision to take the US out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts - the oil market.

"A constructive deal could easily have been struck [in 2015], but it wasn't", said President Trump in his speech on Tuesday announcing American withdrawal from the nuclear agreement with Iran. What a pity the European signatories didn't think about how they might try to accommodate some of Trump's quite reasonable concerns about flaws in the agreement.

Despite Mr Trump's caution, Mr Parker said New Zealand's government was unchanged over their position on the nuclear agreement with Iran. They prefer a tougher approach, the kind Trump is taking. Both tried to change Trump's mind on Iran during visits to the White House in April, and both failed.

Accepting negotiations on its missiles and regional influence would mean Iran has to make endless concessions, he said.

Trump's decision to pull out of the deal is likely to have global repercussions which may include the isolation on the U.S. on the global stage and a furthering of the crisis in the Middle East.

British Foreign Secretary Boris Johnson told his Parliament that Britain will continue to respect the deal as long as global inspectors can verify Iran's compliance.

For the past 16 months, Opec, Russia and other allies have been constraining output to eliminate a global glut. Iran can decide its minimum price from Europe in order to stay in the deal.

Voters head to polls in OH and MI
Eden Feldstein, of Sylvania Township, drove to his designated polling location on his lunch break to ensure he cast his ballot. Indeed, if a candidate doesn't succeed in the primary election, then there is no general election for that candidate.

The decision overturned years of painstaking diplomacy and left European allies scrambling to save the hard-fought deal.

The deal came together after years of painstaking work and worldwide collaboration - first in developing a united front of crippling sanctions against the Iranian regime to bring the nation to the bargaining table, then years of multilateral negotiations with Iran, the European Union, China and Russian Federation.

"China is the largest commodity producer in the world and the largest commodity consumer in the world, so it would make sense that Chinese futures that are close to the areas of supply and demand would be a more natural benchmark than the USA markets", said Marwan Younes, founder and chief investment officer of Massar Capital Management in NY.

Dennis Ross, a former Middle East envoy under both Democratic and Republican presidents, says the provision was created to allow the United States to single-handedly force the reimposition of U.N. sanctions even if other countries on the Security Council disagreed, Ross says. The U.K., France, Germany, Russia and China would continue to refrain from sanctioning Iran's economy for its nuclear activities. "We're all backed by European banks who are not going to provide any financing for trades with Iran, even if we wanted to". That tells you all you need to know about the agreement.

Even before Trump's Tuesday announcement, Western businesses had been reluctant to take the plunge into a country still subject to multiple curbs imposed by Washington. In other European capitals, senior politicians and diplomats were uttering similar remarks. Other Israelis disagree: 26 former senior military and security Israeli officials published a joint letter warning that US "abandonment of the agreement would undermine not just the deal, but Israel's security as well".

"We realized we have to buy time".

Sanctions have been largely formed, and we will see what happens, Trump said.

Recommended:



Popular

Israel kills 11 Iranians in Syria
But Iran flatly denied the Israeli version of events, saying Israel's attacks were carried out on false "pretexts". All other signatories had sought to maintain the agreement.

What Is Marvel Planning After 'Avengers 4'?
This new explanation for The Hulk definitely adds insight into the character arc for the Strongest Avenger and Bruce Banner. Or it may be a hint of a happy ending *after* some kind of solution in " Avengers 4 ".

82 women to walk the red carpet in Cannes film fest protest
The other two - Nadine Labaki's "Capernaum", and Alice Rohrwacher's "Happy as Lazzaro" - are to premiere next week. Both Stewart and DuVernay are members of the Cannes Competition jury this year.

Korea to publicly dismantle nuclear test site between May 23-25
With possible peace between North and South Korea coming closer, Koreans in the Ozarks share their point of view of the situation. The objective of the visit to Pyongyang Pompeo called " complete and verifiable denuclearization of the Korean Peninsula".

Naspers sells Flipkart stake to Walmart for $2.2bn
Walmart expects the deal to help set it up "for growth and profits in the future", CEO Doug McMillon said during a call with investors.

Southampton write one-star review for hotel which cancelled booking before Swansea game
We had to come here and we had to win. "We have the feeling we deserved a bit more - minimum one point", Carvalhal told BBC Sport. We knew it was going to be hard and it was going to be a battle and they tried to push the atmosphere into their way.

The very adorable way Prince Harry played matchmaker for an army friend
Friends and colleagues of Meghan Markle will take centre stage in the new Sky documentary, Harry and Meghan: A Love Story . This will be followed by a special show "Harry & Meghan Said Yes" (Highlights of the wedding ) starting at 6.30 pm.

Walmart buys Flipkart in largest ever E-commerce deal
In an interesting twist, this time Walmart is snapping up a company started by none other than two former Amazon employees. Last year, according to figures released by Forrester, the online retail market in the country grossed up US$21 billion.

Enough is enough! Atletico slam 'inappropriate' Barca over Griezmann
Atletico will face Marseille in the Europa League final next Wednesday before ending their campaign against Eibar that weekend. Gil Marin hinted he believes Barca tried to unsettle Griezmann to derail Atleti's LaLiga title bid.

China, Japan, South Korea Stress Unity amid North Korea Moves
During his meeting with Xi, Kim said the Korean Peninsula's denuclearisation was Pyongyang's "clear and consistent position". Abe said he is "looking forward to visiting China (again) at an appropriate time" following a request from Li.