Iran crisis has increased as the US has implemented more sanctions on Iran while European countries have rejected the Tehran deadline to maintain 2015 deal. Earlier, President Hassan Rouhani announced its withdrawal from a major part of 2015 nuclear deal and gave an ultimatum of 60 days to European countries to get relief in sanctions after which it would again start uranium enrichment.
Tehran government has walked away with two commitments from 2015 nuclear deal which bound Iran to sell its surplus uranium and hard water to other countries. It came after the US abandoned the deal last year and imposed economic sanctions on Iran. Iran crisis increased and its economy hit hard by these sanctions and unemployment and inflation escalated in the country.
Under the Joint Comprehensive Plan of Action deal dubbed as JCPOA, Iran had decided to reduce its nuclear activities in order to get relief in sanctions. However, Donald Trump moved away from the nuclear deal and start re-imposing sanctions. These renewed sanctions badly affect the oil industry and financial development in Iran at the end of last year. The move further collapsed Iran’s economy, devalued its currency and caused record inflation.
European countries strongly reacted on Iran’s decision and urged it to follow all the commitments of the nuclear deal. The European powers also showed concerns about the US renewed sanctions. In response to Iran’s warning, Mike Pompeo said that we’ll see what Iran will actually do. Afterward, US President Mr. Trump implemented more sanctions on steel, iron, aluminum and copper industry of Tehran.
Read More: World News
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