Obama condemns Trump decision to pull-out of Iran deal

Image
IANS Washington
Last Updated : May 09 2018 | 7:15 AM IST

Former US President Barack Obama criticized the decision made on Tuesday by President Donald Trump to pull the United States out of the 2015 Iran nuclear deal, calling the move a "serious mistake".

"I believe that the decision to put the JCPOA (Joint Comprehensive Plan of Action) at risk without any Iranian violation of the deal is a serious mistake," Obama said in a statement soon after Trump announced his decision to withdraw from the agreement.

The former President said that the decision to pull the US out of the nuclear deal, signed with Iran, Russia, China, France the United Kingdom and Germany, was "misguided" and that it "turns our back on America's closest allies."

"The consistent flouting of agreements that our country is a party to risks eroding America's credibility, and puts us at odds with the world's major powers," Obama said.

Countering Trump's criticisms of the JCPOA, Obama said that the agreement "is working," since it has "significantly rolled back" Iran's nuclear program.

The JCPOA strictly limits Iran's capabilities to produce nuclear weapons in exchange for the lifting of international sanctions.

Obama added that, according to US intelligence agencies, Iran "is meeting its responsibilities under the deal" and that pulling the United States out of the agreement could undermine it and "trigger an arms race."

Trump announced earlier Tuesday not only that he was pulling out of the Iran nuclear deal, but that he would reinstate sanctions, saying there was "definite proof" that Tehran had lied about only wanting a peaceful nuclear energy program.

The Treasury Department said that these sanctions would be reinstated after foreign companies wind down their contracts with Iran over 90-day and 180-day periods.

--IANS

ahm/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 09 2018 | 7:10 AM IST

Next Story