"France's Le Drian, German Chancellor Angela Merkel and the International Atomic Energy Agency (IAEA) all said Iran was honouring its commitments under the accord. "The U.S. Treasury says sanctions related to Iran's energy, auto and financial sectors will be reimposed in three and six months.U.S. Treasury Secretary Steve Mnuchin said a license for Boeing Co to sell passenger jets to Iran will be revoked, scuttling a $38 billion deal. The ban will also hit Europe's Airbus, whose planes contain U.S.-made parts.Trump said the nuclear agreement did not prevent Iran from cheating and continuing to pursue nuclear weapons. "It is clear to me that we cannot prevent an Iranian nuclear bomb under the decaying and rotten structure of the current agreement.

Source: Economic Times May 09, 2018 17:26 UTC