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Trump expects to deliver an American nuclear agreement on Tuesday

US President Donald Trump expects to announce on Tuesday he will bring an international nuclear agreement with Iran under measures that would increase the risk of conflict in the Middle East, disrupt US allies and disrupt global oil reserves.

Trump officials on Tuesday called key members of the US Congress and told them he had decided to withdraw the deal, but would not impose sanctions on Iran for up to six months, congressional officials said.

One senior European official closely involved in Iranian diplomacy, that US officials on Monday said Trump would withdraw from the 2015 agreement, signing a foreign policy to reach Trump’s predecessor, Barack Obama.

The agreement has made it easier to sanction Iran in exchange for Tehran limiting its nuclear program to prevent it from being able to produce an atomic bomb.

Trump is due to announce the future of the agreement on Iran at 14:00. on Tuesday. Under US law, by May 12, Trump will decide whether to re-sanction the US sanctions against Iran to offend the deal.

The White House chief refused the New York Times report that Trump told French President Emmanuel Macronus on Tuesday that he would break the deal.

President Macron did not say such things, “said the official.

The trumpet has often criticized it because it does not concern the Iranian ballistic missile program, nuclear activities after 2025, or its role in the conflicts in Yemen and Syria.

Iran ruled out a renegotiation agreement and threatened to be retaliated, even if it did not say exactly how Washington would have avoided.

OIL MARKETS

The abolition of the Pact in Iran would be in line with Trump’s high-stakes ‘America’s first’ policy, which saw the United States announced last summer that it had withdrawn from the Paris climate agreement and that the trade war with China was approaching.

Restoring sanctions would make it harder for Iran to sell oil abroad or use the international banking system.

Oil prices plummeted by 4 percent on Tuesday, as the media said they are suffering markets with doubts about whether Trump would leave Washington.

US stocks were mentioned on conflicting reports on Iran.

The Iranian agreement may remain partially untouched, even without the United States. Iranian President Hassan Rouhani on Monday suggested that Iran be able to stay in line with other signatories who remain responsible for it.

Iran closely follows the attitude of the United States and Europe and will respond to the US decision based on its own national interests, “said Iranian Foreign Minister Abbas Araqchi, Iranian news agency IRNA says.

Trump’s move is a reflection of European allies such as France, Britain and Germany, who are also part of the Iranian agreement and trying to persuade him to keep it. Europeans must now scramble to decide for their own progress with Tehran.

China and Russia are also signatories to the Iranian pact.

“Trump seems to be restoring all sanctions, removing all the exceptions, and starting a process in which the United States will make a deal,” said Mark Dubowitz, Executive Director of the Foundation for the Defense of Democracy, Conservative Washington thinks the tank.

“It will be a period of 180 days for companies to stop their trade agreements with Iran and the country to reduce the purchase of oil,” said Dubowitz, who did not say whether he had knowledge of Trump’s own decision on his own initiative.

Fear of Rapid Increase

Iran’s growing military and political power in Yemen, Syria, Lebanon, and Iraq is troubling the United States, Israel, and US allies such as Saudi Arabia.

In February, Israel shuffled Iraqi forces into Syria, which raised fears that significant escalations might occur.

The financial markets on Tuesday watched closely the Trump and Iran reports.

The CNN report first raised doubts about whether Trump would impose sanctions as quickly as the market expected, which could reduce global oil supplies. Followed by the New York Times story about Macron.

“CNN, which was zero and then reversed by the New York Times, was less unpleasant,” said Jim Ritterbusch, president of Ritterbusch & Associates, a Chicago energy consulting firm.

“So we get a lot of this noisy noise we often get when something gets ahead …”

Crude oil prices have risen in recent days, mainly due to the expectation that the United States will emerge from the Pact on Iran and resume sanctions. With the agreement in place, Iran has increased exports to about 2.5 million barrels per day, from around 1 million barrels in 2015.

The belief among oil investors is that financial sanctions that restrict the ability of other countries to invest or trade with Iran interrupt the bid – although these effects are unlikely to be felt until the end of 2018 or early 2019.

Several sets of sanctions in the United States have been suspended as a result of an agreement with Iran, and some will take longer than others to kick off once again.

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