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Donald Trump warns Iran of 'severe consequences' if it resumes nuclear programme

11 Mai 2018

Binyamin Netanyahu, Israel's prime minister, cut short a visit to Cyprus to hail Mr Trump's "bold decision", which he had strongly advocated, although many in his country's defence and intelligence establishment feel that the deal was, on balance, beneficial. That would amount in Western eyes to resuming the quest for a nuclear bomb, and raise the spectre of war. Exxon and BP were the second- and third-largest contributors earlier in the session. First, the administration is unlikely to have the resources for such a sustained, full-court diplomatic press, given the recent gutting of the State Department.

- Are we prepared to force our own companies to abandon ongoing deals in Iran? "They refuse, and that's fine".

Polls have indicated that Netanyahu is the only man Israelis trust with their security. U.S. Treasury Secretary Steven Mnuchin said the companies' existing licenses to sell planes to Iran would be invalidated. It is patronized by Iran's Supreme Leader Ayatollah Khamenei.

Airbus has already delivered three planes out of a 100-jet order placed in December 2016 by Iran's national carrier, Iran Air. The two sales were valued at $19 billion.

"Iran's leaders will naturally say that they refuse to negotiate a new deal", he said.

The aircraft makers will avoid serious damage.

At this week's Victory Day commemorations in Moscow's Red Square, Russian President Vladimir Putin commented on the specter of war. If Iran chooses to resume its halted nuclear activities after its initial forbearance, this will sharply increase the risk of interstate conflict.

The same probably goes for Russia. CEO Dennis Muilenburg said last month that losing the Iranian sales wouldn't slow down production.

The major European countries, China and Russia are all continuing to express their support for the agreement following Trump's decision to end U.S participation and restore sanctions against Iran. It would also require an actual policy for dealing with Iranian aggression in places such as Syria, which we do not presently have. "It didn't bring calm, it didn't bring peace, and it never will".

German Chancellor Angela Merkel speaks during the celebrations of the 70th anniversary of the "Women's Union" of the Christian Democratic Union (CDU) in Frankfurt, Germany, May 5, 2018. Companies have been complaining specifically of higher freight rates - that's only going to get worse.

Booking Holdings slid 4.7 percent to $2,080.02 after its latest quarterly report card disappointed traders.

Khalid bin Salman, the Saudi ambassador to the United States and brother of the crown prince, expressed support on Twitter, saying Saudi Arabia "always had reservations with regards to sunset clauses, ballistic missiles program, and Iran's support for terrorism in the region".

Finally, the risks to oil markets from Trump's decision are not simply in removing Iranian exports from the market.

Crude oil has zoomed above $71 a barrel, returning to levels not seen since late 2014 and pushing up pump prices. In addition, Israel is a dynamic economic powerhouse.

Benchmark 10-year notes fell 9/32 in price, pushing their yield up to 3.0042 percent.

As for what will happen next, no one is quite sure.

"Now is time to add JCPOA to school curriculums as an example of the kind of deals that gave away Iranians rights, and Rouhani should be described as the official who signed it", one person tweeted.

In 2002, the Bush administration claimed Iraq was building a nuclear arsenal. He did not name the countries.

Today is a day to commend him.

"They've had a good couple of months", said Tom Martin, senior portfolio manager with Globalt Investments.

The unilateral nature of Trump's move is likely to worry officials at the Blue House in Seoul.

"We are now revisiting the tender guidelines after which a fresh tender will be issued" said a government official who didn't want to be named.

Yet US presidents must be careful what they oppose, for they may later be asked what they favor. There is no more glut. Iran has fully complied with the JCPOA.

Donald Trump warns Iran of 'severe consequences' if it resumes nuclear programme