'US President Donald Trump says he has waived sanctions against Iran for the last time, and insists a new nuclear deal must be negotiated before the current 120-day extension runs out.
"Despite my strong inclination, I have not yet withdrawn the United States from the Iran nuclear deal. Instead, I have outlined two possible paths forward: either fix the deal's disastrous flaws, or the United States will withdraw," Trump said in a statement.
"This is a last chance. In the absence of such an agreement, the United States will not again waive sanctions in order to stay in the Iran nuclear deal. And if at any time I judge that such an agreement is not within reach, I will withdraw from the deal immediately. No one should doubt my word."
Trump, who made his opposition to the 2015 agreement a cornerstone of his presidential election campaign, said he would use the next four months “to secure our European allies' agreement to fix [its] terrible flaws.”
Other signatories to the Joint Comprehensive Plan of Action (JCPOA) include the UK, France, Germany, Russia, China and the EU. As part of the deal some of the crippling economic sanctions against Iran were lifted in exchange for restrictions on uranium enrichment, reactor construction and other aspects of its nuclear program over a period of 15 to 25 years.
Aware of others’ reluctance to alter the terms of an agreement that took years to hammer out, and which the International Atomic Energy Agency says Tehran is complying with, Trump sounded a warning.'
Read more: ‘Last chance’: Trump waives Iran sanctions, demands changes to ‘disastrous’ nuclear deal
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