Iran Warns Trump Of “Historic Regret” If US Withdraws From Nuclear Deal, Has “Plan To Counter Any Decision”

With less than a week to go until Donald Trump withdraws from the Iran nuclear deal on May 12 absent some last minute diplomatic miracle (the recent discovery of John Kerry’s covert involvement to preserve the deal will only cement Trump’s resolve to abandon Obama’s signature foreign diplomatic treaty), Iranian President Hassan Rouhani warned the US of “historic regret” if it pulls out from the nuclear deal.

“If the United States leaves the JCPOA, you will soon see the historic regret which the move will bring about for Washington“, Rouhani told a crowd in Sabzevar in northeast Iran.

Under the deal, technically known as the Joint Comprehensive Plan of Action (JCPOA), signed in 2015, the U.S. and other world powers agreed to lift some of the economic sanctions imposed on Iran in return for the latter agreeing to rein in its nuclear program. The biggest, impact, however was lowering the price of crude, as the global market suddenly had access to nearly 1 million in Iranian oil output; and one of the key reasons why the price of oil has spiked in recent weeks is the market’s growing confidence that Trump will dump the JCPOA.