26 Apr 2024
Tuesday 27 November 2018 - 23:16
Story Code : 328371

US sanctions make nuke deal untenable: Iran official

Anadolu Agency - Irans deputy foreign minister said Tuesday that recently re-imposed U.S. sanctions had served to make his countrys 2015 nuclear deal with world powers untenable, warning that Tehran itself could withdraw from the agreement.

Abbas Araqchi described the 2015 deal as a great political achievement, reiterating Irans commitment to complying with the deals terms, Irans state-run IRNA news agency reported.

Iran and the P5+1 group of nations (the five permanent UN Security Council members plus Germany) signed the deal in July of 2015.

But the U.S. sanctions, which have been re-imposed despite the International Atomic Energy Agencys confirmation that Iran has complied with the deals terms, have made the agreement much less beneficial, Araqchi told IRNA.

The recent re-imposition of sanctions has brought revenue accruing to Iran as a result of the deal almost to zero, Araqchi lamented.

Tensions between Washington and Tehran have mounted since May, when U.S. President Donald Trump unilaterally withdrew his country from the 2015 agreement.

In August, the U.S. re-imposed a first round of sanctions that mainly targeted Irans banking sector.

A second phase of sanctions -- targeting Irans energy sector -- came into effect on Nov. 5, although Washington granted a 180-day reprieve to the eight largest buyers of Iranian oil, including Turkey.
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