Donald Trump will now decide whether to continue to waive sanctions on Iran’s central bank and its oil sector dealings, a key pillar of the agreement. Photo: ReutersWashington: President Donald Trump appears poised to drive a stake through the heart of the Iran nuclear deal on Tuesday, when he announces his verdict on US sanctions relief underpinning the landmark accord. Months of intensive talks between the United States and European allies now appear deadlocked, with Berlin, London and Paris refusing to rewrite the agreement. Trump could also decide to stop waivers for a thicket of other sanctions against Iran, effectively ending US participation in the deal and putting European companies at risk of sanction. He has complained, in particular, that Iran gets sanctions relief up front but could return to controversial activities once restrictions “sunset” in 2025.

Source: Mint May 08, 2018 03:45 UTC