Iran vows retaliation over U.S. sanctions

Iran vows retaliation over U.S. sanctions

"Today, I am waiving the application of certain nuclear sanctions, but only in order to secure our European allies' agreement to fix the awful flaws of the Iran nuclear deal", Trump said in a statement.

The 2015 agreement between the United States and Iran also was signed by China, France, Russia, Britain, Germany and the European Union, and these countries would have been unlikely to join the United States in reimposing sanctions.

Trump warned that he would scrap the agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), unless European countries "join with the United States in fixing (what he called) significant flaws in the deal". Iran must allow "immediate inspections at all sites requested by worldwide inspectors", he said, and "sunset" provisions imposing limits on Iran's nuclear program must not expire.

Trump was reportedly encouraged to waive the sanctions by Secretary of State Rex Tillerson and national security advisor H.R. McMaster, who warned the President that it would look like he was breaking the USA commitments of the deal.

Iran's Foreign Minister Mohammad Javad Zarif had earlier said on Twitter that Trump's decision undermined the multilateral agreement.

"The internal solidity of and global support for the agreement have blocked attempts by Mr. Trump, the Zionist regime [of Israel], and the ominous alliance of hard-line warmongers to terminate this agreement or make changes to it", the ministry said according to Iranian PressTV. Trump has repeatedly criticized the accord, while Iran has accused the US of failing to comply with it.

The legislation is required to include certain "triggers" which will automatically lead to a reimposition of the sanctions if Iran fails to apply.

In turn, Iran would be allowed to lift all nuclear-related economical sanctions, freeing up tens of billions of dollars in oil revenue and frozen assets.

Under the terms of the landmark agreement the U.S. president must certify the deal every 90 days and pass sanction waivers every 120 days.

Washington also announced sanctions against 14 entities and people, including the head of Iran's judiciary, Ayatollah Sadeq Larijani. Iran insists its nuclear programme is only for peaceful purposes.

President Trump has called it the "one of the worst deals" he has ever seen - but for now, he is keeping the U.S.in the nuclear deal with Iran.

"You either waive the sanctions or you don't and if you don't you're in breach of the JCPOA", the official said. The plea by the European ministers came a day before President Trump has to decide whether to sign a series of waivers to keep the suspension of sanctions intact.

Shanghai: China on Saturday pledged to continue playing a constructive role in maintaining and implementing the Iran nuclear deal, after US President Donald Trump set an ultimatum to fix "disastrous flaws" in a deal.

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