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| Name | Explained: US withdraws from Iran nuclear deal |
| Video Uploader | Video From Hindustan Times |
| Upload Date | This Video Uploaded At 10-05-2018 00:33:08 |
| Video Discription | US President Donald Trump walked out of the Iran nuclear deal on Tuesday launching a scathing assault on its provisions, but offering no alternative policy in its place. The Joint Comprehensive Plan of Action (JCPOA) was signed on 14 July, 2015 by China, France, Germany, Russia, the UK, the US, European Union (EU) and Iran to ensure “Iran’s nuclear programme will be exclusively peaceful”. Under the accord, Iran agreed to limit its sensitive nuclear activities and allow in international inspectors in return for the lifting of crippling economic sanctions. Now that Trump has decided to re-impose sanctions, it could lead to Iran pursuing nuclear weapons and the global oil market could tighten. Before July 2015, Iran had a large stockpile of enriched uranium and enough centrifuges to create around 10 bombs, according to the Obama administration, US had estimated Iran could produce a nuclear-bomb within 2-3 months which would be the time it needed to produced 90%-enriched uranium. The JCPOA would remove key elements in Iran for creating the bomb thereby increasing the time needed to make one Iran had agreed to not engage in activities including research and development (R&D) for creating the nuclear weapons. The sanctions imposed before the deal, attempting to halt it from uranium enrichment, crippled its economy and cost it $160 billion in oil revenue from 2012 to 2016 alone, as BBC reported. After the JCPOA, Iran gained access to over $100 billion in assets frozen overseas and was able to resume selling oil in international markets and using the global financial system for trade. After US’s announcement, Iran’s President Hassan Rouhani said on state television he had instructed the Iranian Atomic Energy Organisation to “take necessary measures for future actions so if necessary Iran can resume industrial enrichment without limit”. However, Rouhani will “wait a few weeks” to speak to allies and other signatories as he has been a supporter of the agreement and wants to explore possibilities of keeping it alive. Subscribe to our channel: http://read.ht/fLZ Follow us on Twitter: https://twitter.com/htTweets Like us on Facebook: https://www.facebook.com/hindustantimes iOS:- http://m.onelink.me/bcae8b2d Android:- http://m.onelink.me/986f584a Watch more videos at: http://www.hindustantimes.com/video hindustantimes.com © 2016 |
| Category | News & Politics |
| Tags | hindustan times | ht media | ht news | us | iran nuclear deal | donald trump | oil market | france | germany | hassan rouhani | global markets | russia | european union | iran nuclear deal explained | iran nuclear deal trump | iran nuclear deal john oliver | iran nuclear deal news |
