How Iran Deal Pullout Will Impact Cos. And Investors


Trump announced Tuesday that the USA would pull out of the 2015 Joint Comprehensive Plan of Action (JCPOA), sparking an outcry from much of the worldwide community.

The International Atomic Energy Agency (IAEA) can confirm that Iran is fully implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), IAEA Director General Yukiya Amano said on Wednesday.

Washington has been a major financial contributor to the IAEA's efforts to make sure that Iran does not develop nuclear weapons, under the 2015 agreement that US President Donald Trump abandoned on Tuesday.

Iranian lawmakers burn two pieces of papers representing the United States flag and the nuclear deal as they chant slogans against the USA at the parliament in Tehran, Iran, Wednesday, May 9, 2018.

Slapping aside more than a decade and a half of diplomacy by the UK, China, France, Germany, Iran, Russia and past USA administrations, Trump called for a "new and lasting deal". What Trump did not mention was that Iranian compliance has been verified in 11 meticulous IAEA reports since the deal went into effect in January 2016 as well as by the United Nations secretary general.

The transfer comes simply days after U.S. President Donald Trump introduced the USA would withdraw from the 2015 Iran nuclear accord created to maintain Tehran's atomic weapons program in examine.

Claiming that the USA "no longer wants to cooperate" with other parts of the world, he added that it was turning away from friendly relations "with a ferocity that can only surprise us".

German Chancellor Angela Merkel, French President Emmanuel Macron and Russian President Vladimir Putin have all made similar representations.

On Jan. 16, 2016, implementation day under the JCPOA, the United States and the European.

Despite US criticism that the accord does not go far enough in monitoring Iran's nuclear activities, the IAEA points to the fact that its inspectors have spent 3,000 man days per year on the ground in Iran.