Trump just opened the door for Iran to expand its nuclear capabilities

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Drafted in response to Iran's attempts to produce a nuclear warhead, the deal restricted Iran's nuclear proliferation abilities in exchange for the removal of worldwide trade sanctions.

Sen. Tammy Baldwin, D-Wisconsin, read back to Dunford his testimony before the Senate Armed Services Committee last July in which he said he was "not aware of any violations" of the JCPOA and "I believe it is in the nation's interest to continue to implement the Iran nuclear agreement". As he left his announcement Tuesday, he predicted that Iranians would someday "want to make a new and lasting deal" and that "when they do, I am ready, willing and able". "If they do, there will be very severe consequences", Trump told reporters. Instead, the decision is legitimized and accepted as a sound and rational part of American foreign policy.

The decision will have repercussions in every corner of the globe.

Trump said his goal was to "work with our allies to find a real, comprehensive, and lasting solution to the Iranian nuclear threat", but none of the other world powers that signed the 2015 agreement stepped forward on May 8 to go down the path of negotiating a new deal.

The prime minister said he expects the Iran decision to be a topic of discussion when he hosts Trump and their G7 counterparts in Quebec at their annual summit next month. Trump said that any country that helps Iran in its quest for nuclear weapons could face sanctions.

Following Trump's announcement, the Turkish lira dropped below 4.37 against the dollar the next day. As EU foreign policy chief Federica Mogherini said in Brussels, "the deal was put in place exactly because there was no trust between the parties..." Few people understand the complex, 159-page deal - and the president is apparently not among them.

Iran has said it had asked Europe's Airbus to announce whether it would go ahead with a plane deal with Tehran following the United States pull-out.

Iran says it is ready to restart nuclear enrichment on an "industrial scale" in the wake of the United States decision to abandon the deal that curbs the country's nuclear ambitions.

Both powers would have supported a revised deal, as neither wanted the U.S. to withdraw from the deal, nor Iran to acquire nuclear weapons.

"U.S. sanctions will target critical sectors of Iran's economy".

A photo provided by the pro-regime Syrian Central Military Media, shows anti-aircraft fire rise into the sky as Israeli missiles hit air defense positions and other military bases around Damascus, Syria, on May 10, 2018, after the Israeli military says Iranian forces launched a rocket barrage against Israeli bases on the Golan Heights, in the most serious military confrontation between the two bitter enemies to date. Certain exemptions are to be negotiated, but Mnuchin refused to discuss what products might qualify. Because Iran is home to some of the world's largest oil reserves, business began booming nearly immediately after Iran renounced the majority of its enriched uranium and closed two-thirds of the country's centrifuges, with energy companies, hotel chains, airlines, and other firms setting up shop in Iran. Goldman said it is possible that Iran loses 500,000 bpd by the end of the year, which would push up oil prices by more than $6 per barrel.

In a phone call dominated by Iran, the Prime Minister and President agreed to hold talks between the United Kingdom and USA governments on the effect ofsanctions on British companies.

The US President says the "highest levels" of economic sanctions will be implemented against Iran. This is unlikely to happen this time around as the U.S. has revoked the deal unilaterally and against the will of most other countries.

United States secretary of treasury Steven Mnuchin noted in an announcement that "sanctions will be re-imposed subject to certain 90 day and 180 day wind-down periods".