President Trump is withdrawing the U.S. from the controversial Iran nuclear deal and imposing greater sanctions on the Middle Eastern nation, he said from the White House on May 8. Sanctions are reimposedTrump is expected to reimpose all of the sanctions on Iran that were lifted as part of the 2015 deal, according to the Treasury Department. He warned countries that aid Iran with its nuclear arsenal “could also be strongly sanctioned.”“As we exit the Iran deal, we will be working with our allies to find a real, comprehensive and lasting solution to the Iranian nuclear threat. The possibility of the nuclear deal collapsing completely raised concerns it might embolden Iran to strike Israeli targets. Oil markets on alertThe international crude oil market was sacked with uncertainty ahead of Trump’s decision, The Washington Post reported.

Source: Fox News May 08, 2018 21:45 UTC