Exiting Iran nuclear deal may severe US-EU business ties
The recent statements of President Donald Trump regarding decertification of Iran nuclear deal, 2015 can severe ties between EU and US and result in an unprecedented trade war.
What happens if the US decertifies the nuclear deal with Iran of 2015? Are we looking at the global challenge here?
President Trump calls Iran a "Rogue regime" and soon in a few hours, Iran and the world would know what Trump plans to do with the 2015 nuclear deal with Iran. In 2015, Iran agreed a long-term deal on its nuclear programme with the P5+1 group of world powers - the US, UK, France, China, Russia and Germany. (bbc.com)
The so-called Joint Comprehensive Plan of Action (JCPOA) saw Iran agree to limit the size of its stockpile of enriched uranium - which is used to make reactor fuel, but also nuclear weapons - for 15 years and the number of centrifuges installed to enrich uranium for 10 years. (bbc.com)
Iran also agreed to modify a heavy water facility so it could not produce plutonium suitable for a bomb. (bbc.com)
Inspectors from the International Atomic Energy Agency (IAEA), the global nuclear watchdog, continuously monitor Iran's declared nuclear sites and also verify that no fissile material is moved covertly to a secret location to build a bomb. (bbc.com)