Iran announced on Wednesday it was scaling back curbs to its nuclear program und...
LONDON - Iran announced on Wednesday it was scaling back curbs to its nuclear program under a 2015 deal with world powers, and threatened to do more — including enriching uranium to a higher level — if countries did not shield it from U.S. sanctions.
And he threatened that in 60 days Iran would resume enrichment of uranium beyond the low level permitted under the deal, unless the five other powers signed up to it find a way to protect Iran’s oil and banking industries from U.S. sanctions. Washington’s European allies opposed President Donald Trump’s decision to pull out. They have tried to find ways to blunt the economic impact of new U.S. sanctions in the hope of persuading Tehran to continue to abide by it. However, their efforts have largely failed, with all major European companies abandoning plans to do business with Iran for fear of U.S. punishment.
From this month, Washington has effectively ordered countries around the world to stop buying any Iranian oil or face sanctions of their own, revoking waivers that had allowed some countries to continue buying Iranian oil. It says it aims to reduce Iranian crude exports to zero. The nuclear deal was the flagship policy of Rouhani, who won two landslide elections on promises to end Iran’s isolation and open its economy up to the world. Ultimate authority in Iran is in the hands of Supreme Leader Ali Khamenei, a cleric in power since 1989, who signed off on the nuclear deal but remains close to the hardline faction that challenges Rouhani.
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