Published: Thu, May 10, 2018
Medical | By Jackie Banks

Arab League Stresses Need to Review Iran Nuclear Deal

Arab League Stresses Need to Review Iran Nuclear Deal

The Arab League (AL) on Wednesday called for the Iran nuclear deal to be revised.

The agreement puts limits on Iran's nuclear programme in exchange of the lifting of worldwide sanctions.

The president was quoted saying the following. "It didn't bring calm, it didn't bring peace, and it never will".

The US President declared on May 8 that the country had withdrawn from the Iran nuclear deal due to it being "defective at its core", despite attempts by European Union countries to persuade him to keep the deal.

In remarks an hour before Trump's declaration, senior Kuwaiti diplomat Khaled al-Jarallah said his country stood by the JCPOA as the best option for "stability" in the region.

"At the heart of the Iran deal was a giant fiction - that a murderous regime desired only a peaceful nuclear energy program". Given the United States just exited the Iran deal, it is unclear for how much longer Iran will abide by its enrichment restrictions.

On May 1, Israeli Prime Minister Benjamin Netanyahu presented what he alleged was "new and conclusive proof" of violations, and claimed Iran had lied about its capabilities at the time of the agreement's signing.

The renewed sanctions, aimed at the heart of the Iranian economy, will impact the country's energy, financial, and petrochemical sector.

The Bahrain News Agency, BNA, quoted a statement of the Ministry of Foreign Affairs as saying, "This decision reflects the commitment of the United States to confront Iranian policies and Iran's continuous attempts to spread terrorism in the region in full violation of global norms and laws".

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Former President Barrack Obama defended the agreement, writing the following in a statement published on his official Facebook page.

"Whether or not (the Iranians) go for a military programme, you're going to get a nuclear race in the Middle East", said Dorsey.

The Kingdom of Bahrain has also supported the decision of Trump.

Even without disruption to Iran's crude flows, the balance between supply and demand in the oil market has been tightening steadily, especially in Asia, and as top exporter Saudi Arabia and No.1 producer Russian Federation have led efforts since 2017 to withhold oil supplies to prop up prices.

On Wednesday, a separate OPEC source had said Saudi Arabia was monitoring the impact of the US move on oil supplies and was ready to offset any shortage but would not act alone.

"Saudi Arabia does not want to acquire any nuclear bomb [s], but without a doubt if Iran developed a nuclear bomb, we will follow suit as soon as possible", MBS told CBS in an interview.

In response to Trump's move, Iran's Supreme Leader Ayatollah Ali Khamenei suggested Iran could ramp up its nuclear program.

Chanting "death to America", most members of the Iranian parliament echoed Ayatollah's sentiment.

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