The USA has withdrawn itself from the Joint Comprehensive Plan of Action (JCPoA), widely known as the Iran Deal or Iran Nuclear Deal.
The USA’s President Donald Trump has announced the decision during a press-conference in Washington on May 8, 2018.
Trump has also promised to impose new nuclear and economic sanctions on Iran.
Reason behind withdrawing from the deal
Citing Iran’s links to terrorism, Trump said the deal with Iran is an embarrassment for him as an American.
Trump said Iran is backing terrorism by supporting militant organizations like Hezbolla and Al-Qaeda. He asks what would the future consequence if [the Americans] don’t do anything about this.
Six months to stop business with Iran
Trump further informed that those organizations doing business with Iran are given a period of six months to stop their business with Iran.
What was the deal about?
During the presidency of Barack Obama, six powerful countries – China, France, Germany, Russia, the UK and the USA – had entered into a nuclear agreement with Iran.
Under the deal, Iran was supposed to allow – with some exceptions – inspection of its nuclear facilities. In reciprocity, the international community would withdraw the sanctions imposed on Iran.
But Trump said if the deal continues, Iran will soon achieve nuclear-weapon capability. Trump believes that the deal shouldn’t have been made at the first place.
Update on May 18, 2018: The USA had officially withdrawn from the deal on May 18, 2018.