Published: Sun, May 13, 2018
Worldwide | By Lisa Hogan

Saudi Arabia, Israel Hail Trump on Iran

Saudi Arabia, Israel Hail Trump on Iran

President Donald Trump's decision to take the USA out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts - the oil market.

"We were for it and we worked on it", another Saudi source said of Riyadh's diplomacy, as quoted by Reuters.

US President Donald Trump faced diplomatic isolation on Wednesday as world powers scrambled to save a landmark deal curbing Iran's nuclear program that he has rejected. "There is no one who will realistically choose Iran over the United States", said energy consultancy FGE.

The White House said new sanctions could be imposed on Iran probably next week at the earliest, ensuring that nuclear weapons are not developed. He branded Trump's decision a "major mistake" and said he'll lobby Treasury Secretary Steven Mnuchin this week to grant exemptions for European firms.

This week, Trump called the JCPOA "a great embarrassment to me as a citizen" and "a awful, one-sided deal" as he announced that the United States is withdrawing from it. While Israel has backed Trump's move, countries like Russian Federation and other European nations have decried the unilateral call from the United States to isolate Iran.

British Foreign Secretary Boris Johnson told his Parliament that Britain will continue to respect the deal as long as global inspectors can verify Iran's compliance.

"Walking away from the JCPOA turns our back on America's closest allies, and an agreement that our country's leading diplomats, scientists, and intelligence professionals negotiated", warned President Obama, who explained what every responsible president has understood across the more than two centuries of the American experiment: "In a democracy, there will always be changes in policies and priorities from one Administration to the next". "It gives legs to the idea that the deal could limp along for a few years, so long as Iran maintains the moral high ground and doesn't do something catastrophic, like kick out the inspectors". But Washington's key European allies have defended the agreement, saying it is effectively containing Iran's nuclear program. The Russians and Chinese would have sought to resist a stringent agreement that put Iran out of the nuclear-weapons business for the long term, but a US administration that made plain the top priority it placed on the imperative for an agreement to keep the world's most unsafe regime from attaining the world's most risky weapons of mass destruction could have gotten its way. That was always a doubtful prospect, and everything those states have said since Trump's announcement indicates they will not join the U.S.'s stance.

Pompeo told the German and British foreign ministers and a senior French official by telephone last Friday that Washington would no longer pursue the process with Europe.

Mr Trump also threatened that countries which continued to trade with Iran and helped it on its quest to attain nuclear weapons would be "strongly sanctioned".

"This deal was fundamentally flawed", he said. Other Israelis disagree: 26 former senior military and security Israeli officials published a joint letter warning that US "abandonment of the agreement would undermine not just the deal, but Israel's security as well".

"You mean you had three months, and you didn't do anything?" he told them, the source said.

Macron took the lead in trying to persuade Trump not to renounce the accord.

The mustachioed former United States envoy to the UN has long advocated for regime change in Tehran - notably in last year's speech at the Grand Gathering of Iranians for Free Iran.

"The Europeans' decision allows us to prevent Iran from immediately restarting their (nuclear) activities and to avoid escalating tensions", Macron said.

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