Iran vows retaliation over United States sanctions

The landmark 2015 deal curbed Iran's nuclear ambitions in return for the relaxing of punishing sanctions

Iran vows retaliation over United States sanctions

The sanctions, when they are in place, target third parties overseas that deal with Iran and have the effect - because of the reach of the USA dollar - of severely inhibiting trade with Iran.

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

"Fourth, the legislation must explicitly state in United States law, for the first time, that long-range missile and nuclear weapons programs are inseparable, and that Iran's development and testing of missiles should be subject to severe sanctions", the President said.

"The United States will not stand by while the Iranian regime continues to engage in human rights abuses and injustice", Treasury Secretary Steven Mnuchin said Friday. Top Republican Senator Marco Rubio said the "deeply flawed Obama Iran deal" should not be a grant of immunity to Iran from sanctions related to non-nuclear activities.

In 2015, the Obama administration and five other world powers agreed to waive some sanctions on Iran in exchange for restrictions on the country's nuclear program.

So far, the deal has helped defuse the Iranian nuclear crisis and bolstered the global non-proliferation regime.

"This is the last such waiver [the President] will issue", said a senior administration official briefing reporters, threatening that the administration could still pull out of the deal. That is part of the USA commitment in the 2015 nuclear deal known as the Joint Comprehensive Plan of Action.

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"If the president can get that agreement that meets his objective and it never expires, it denies Iran all paths to nuclear weapons forever, not for ten years, he would be open to remaining in such a modified deal", the official said.

White House is working with Congress on a USA legislation, which seeks provisions to permanently prevent Iran from acquiring nuclear weapons and subject Iran's long-range missile program to severe sanctions.

In a White House statement, Trump called the waiver a "last chance" to fix the "flaws" of the Iran nuclear deal. But there will be strings attached, they said.

The deadlines for a number of these waivers to be renewed will fall over the coming week, and Trump is obliged to decide whether or not to maintain sanctions relief.

The issue was also discussed by French president Emmanuel Macron and Mr Trump in a phone call on Thursday. Raj Bhala, an worldwide trade law expert who has studied sanctions, can discuss the announcement, its effects, the nuclear deal, Iran, the country's economy, economic protests in Iran, the U.S. -Iran relationship and related topics.

He was among those calling for a crackdown following a recent spate of anti-government protests across Iran.

The president later released a statement on the Iran deal, announcing 14 more nonnuclear sanctions.

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