WASHINGTON - Iran will formally notify signatories to the 2015 nuclear deal of plans to scale down its commitments in response to a year of bruising US sanctions, a move that could escalate tensions after the Trump administration sent an aircraft carrier to the Gulf.
The nuclear accord was reached after years of painstaking multilateral negotiations led by the US but Trump withdrew a year ago and has since reimposed sanctions that have squeezed Iran's economy - hitting its currency, fuelling inflation and discouraging investment. On Sunday, the US said it was deploying the aircraft carrier strike group in an"unmistakable message" to Iran that it would meet any aggression with"unrelenting force". Iran is taking a significant risk as some members of the Trump administration who've taken a hard line against Teheran have been"waiting for this moment", said Sanam Vakil, senior research fellow at Chatham House's Middle East and North Africa Program.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US cracks down on Iran uranium production, nuclear plantThe United States on Friday granted waivers allowing Britain, China, France and Russia to continue nonproliferation work with Iran, permitting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
End of Iran sanctions waivers to hit Indian economy: AnalystsThe end on Thursday of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nations using oil as a weapon threatens OPEC - Iran oil ministerAnyone who uses oil as a weapon is creating the death and collapse of OPEC, Iran's oil minister Bijan Zanganeh said on Wednesday, according to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran oil tanker forced to seek repairs in Saudi portTEHRAN: An Iranian tanker was forced to seek repairs at a Saudi port after suffering 'engine failure and loss of control', the Iranian oil ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran dismisses US naval deployment as old newsTEHRAN: Iran on Monday (May 6) dismissed as old news a US announcement it is sending a naval strike group to the Middle East in order to deliver ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
The debate behind Trump's move to tighten Iran oil sanctionsU.S. President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after ... Why should USA meddle in other countries' autonomy & dictate their ability to purchase commodities? Countries should be in league with each other to trade & share knowledge, not creating enemies & dragging other countries down the rabbit hole.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iraq close to signing US$53 billion deal with Exxon, PetroChina; denies Iran linkIraq is close to signing a US$53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US cracks down on Iran uranium production, nuclear plant[WASHINGTON] The United States acted on Friday to force Iran to stop producing low-enriched uranium and expanding its only nuclear power plant, intensifying a campaign aimed at halting Tehran's ballistic missile program and curbing its regional power. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
How Trump's hawkish advisors won debate on Iran oil sanctionsWASHINGTON: U.S. President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1: ending exemptions for eight nations:
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
A year after US nuclear pullout, Iran grapples with sanctionsTEHRAN: A year after the US withdrew from a landmark nuclear accord, Iran's economy is suffering under renewed sanctions - but Tehran is sticking ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US deploying carrier, bombers to Middle East in warning to Iran: BoltonWASHINGTON: The United States is deploying a carrier strike group and a bomber task force to the Middle East to send a clear message to Iran that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »