Tuesday, May 8, 2018, President Trump announced the United States will withdraw from the Iran nuclear deal. The deal was originally established in 2015 and was joined by the UK, Russia, France, China, Germany and Iran. French and German officials were quick to express their distaste for the United States’ decision and warned of serious problems arising in the future.
However, the harshest judgment came from Iranian President Hassan Rouhani, stating on Iranian television that President Trump’s decision was “Illegal, illegitimate, and undermines international agreements.” The deal was originally created to offer provision from the United States to Iran in exchange for a reduced nuclear arsenal on the Iranian side, lift all nuclear-related economic sanctions and release billions of dollars in oil revenue. At the time of the deal, then US President Barack Obama was confident in the program, stating that the supervision on the project would be “Extraordinary and Robust.”
In 2016, Iran reduced their Uranium supply by 98 percent, almost 700 pounds worth of the element. In the same year, Iran also removed several centrifuges (a machine that enriches Uranium) from numerous power plants located in Natanz and Fordo, which are both located in central Iran. It is estimated that Iran had 20,000 centrifuges stockpiled, which is enough to create 8-11 bombs. President Trump has stated several times that the deal was “insane”, and even claimed the deal was “decaying”, linking it to a nuclear bomb.
Israeli Prime minister Benjamin Netanyahu is in full support of the decision made by the United States and even thanked Trump for his bravery. No matter the opinions shared on the deal, we could be seeing a large bump in gas prices, ranging from two dollars and ninety cents to three dollars and ten cents a gallon due to the withdraw. Iran plans to release an official statement within five weeks.