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techkenyot.com June 21, 2018


Saudi Arabia warns it will develop nukes if Iran does

11 May 2018, 07:10 | Casey Mitchell

Saudi Arabia warns it will develop nukes if Iran does

Saudi Arabia warns it will develop nukes if Iran does

President Trump's dramatic decision to quit the Iran nuclear deal involves reinstating economic sanctions aimed at hurting the Iranian economy. Let's break down what exactly is going on here.

Muilenburg told investors that the company will not suffer if the Iranian deals are permanently cancelled because Boeing's production plans do not rely on those sales.

It's a long story and for the full details in a convenient three minutes, check out the video explanation below.

"We will find the right way and at the right time to respond to this", he warned.

"The goal is ultimately to reach a point where we sit down with the Iranians and negotiate a new deal, but I don't think we're at that point today, or will be tomorrow", the State Department official said.

What doesn't Trump like about that?

Also, probably, "It was Obama's idea so I hate it".

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But by the next deadline, last July, Trump was furious at aides for trying to persuade him to stay in the deal, a source familiar with the debate said.

"It is important that the progress made over many years of negotiation should not be lost", Ramaphosa said.

The Trump administration made it clear that there would be no exceptions to its reinstatement of sanctions that had been lifted as part of the 2015 nuclear agreement signed between Iran and and the five permanent members of the UN Security Council - the US, UK, France, China and Russian Federation - plus Germany. France, Britain and Germany jointly pleaded with Trump to do his best not to harm the deal, called the Joint Comprehensive Plan of Action, even while leaving it.

President Cyril Ramaphosa expressed disappointment at US President Donald Trump's decision on Tuesday to withdraw for the Iranian nuclear deal.

While the US pulling out doesn't blow up the deal, it does destabilize it.

Iran's President Hassan Rouhani said Tuesday that he was ordering the country's atomic industry to be ready to restart industrial scale enrichment of uranium, but other officials indicated Iran intends to continue sticking with the deal. We want to keep the ability of the worldwide community to monitor and to oversee Iran's activity to make sure that under no circumstances, as they have committed to under the terms of this deal, will they seek to develop or to acquire nuclear weapons.

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While the parties were unable to agree on a supplemental pact to the 2015 nuclear deal, the senior official said a new round of talks would "pick up all of the work" done so far. "Now that the USA has violated that and pulled out of it, it's hard to see how we're going to get those Americans out".

Georgia's USA senators are also backing the president's decision.

Celia Belin, a former policy adviser to the French foreign ministry and a visiting fellow to the Brookings Institution in Washington, says Europe will not reimpose its own sanctions on Iran. Gas prices are already rising at an unprecedented rate throughout North America - yes, that includes Canada - and that's just in anticipation of the sanctions. Companies and banks doing business with Iran will have to scramble to extricate themselves or run afoul of the US government. Specific consequences will become more apparent throughout the six month "wind down" during which companies will pull back on trade with Iran.

Richard Nephew, senior research scholar at Columbia University's Center on Global Energy Policy, said in a blog post, that Trump "directly threatened countries that refuse to cooperate with USA sanctions implementation".

"That's the posture you take when you're looking for confrontation", said Trita Parsi, president of the National Iranian American Council.

Analysts now expect Iran's supplies to fall by between 200,000 bpd and 1 million bpd, depending on how many other countries fall in line with Washington.

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