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Trump withdraws United States from Iran nuclear deal

Jaclyn Jaeger | May 8, 2018

President Trump on Tuesday announced the United States was pulling out of the Iran nuclear deal and will reinstate sanctions on the Iranian regime.

“This was a horrible one-sided deal that should have never, ever been made,” Trump said at the White House. “It didn’t bring calm, it didn’t bring peace, and it never will.”

Trump added that the United States would be "insituting the highest level of economic sanction" on Iran.

“Any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States," he added. "America will not be held hostage to nuclear blackmail.”

 In conjunction with this announcement, the President issued a National Security Presidential Memorandum (NSPM) directing the U.S. Department of the Treasury and other departments and agencies to take the actions necessary to implement this decision.

In response, the Treasury’s Office of Foreign Assets Control (OFAC) said it is taking immediate...

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