Iran threatened to completely withdraw from the 2015 International Nuclear Agreement Thursday, saying former President Barack Obama’s landmark deal was having “little effect” on Tehran’s economy and business relationships.
According to the New York Post, the Islamic Republic’s Deputy Foreign Minister announced the possibility during an international conference in London, saying the UK, China, France, Germany, Russia, and the United States’ sanctions against Iran have caused big banks to stay away from major business deals.
“The deal would not survive this way even if the ultimatum is passed and waivers are extended,” said Iran’s lead nuclear negotiator, referring to President Trump’s recent decision to issue a “waiver” that extended the Iranian nuclear agreement.
“If the same policy of confusion and uncertainties about the JCPOA (Joint Comprehensive Plan of Action) continues, if companies and banks are not working with Iran, we cannot remain in a deal that has no benefit for us,” he added. “That’s a fact.”
“For the Europeans or the world community, when we talk about maintaining the JCPOA and saving it, it’s not a choice between the Iranian or the US market, it’s not a choice for economic cooperation: It’s a choice between having security or insecurity,” warned the Iranian official.