Connect with us

Hi, what are you looking for?

Investing

Iran faces August deadline to accept comprehensive nuclear deal or face renewed UN sanctions

Iran has until the end of August to agree to a nuclear deal with the United States and its allies, Fox News has learned. 

Secretary of State Marco Rubio and the foreign ministers of France, Germany and the United Kingdom set the de facto deadline, according to three sources with knowledge of a call Wednesday among the officials. 

If Tehran fails to agree to a deal, it would trigger the ‘snapback’ mechanism that automatically reimposes all sanctions previously imposed by the United Nations Security Council. 

The sanctions were lifted under the 2015 Iran deal. 

The Trump administration has tried pressuring Iran to accept a deal to walk back its nuclear program after U.S. and Israeli strikes targeting nuclear sites. 

United Against Nuclear Iran, a nonprofit that opposes Tehran’s effort to develop a nuclear weapon, applauded Wednesday’s news. 

‘Tehran has learned that, for the Trump administration, a deadline means a deadline,’ UANI Chairman and former Florida Gov. Jeb Bush and CEO Ambassador Mark D. Wallace said in a joint statement. 

‘After failing to agree to a deal within 60 days of diplomacy, the United States and Israel undertook targeted military action against the regime in June. Consequently, Tehran should take this new deadline seriously.’

On Monday, Iran warned it would retaliate if the U.N. Security Council imposes the snapback sanctions. 

‘The threat to use the snapback mechanism lacks legal and political basis and will be met with an appropriate and proportionate response from the Islamic Republic of Iran,’ Foreign Ministry spokesperson Esmaeil Baghaei claimed during a press conference, according to a Reuters report.

Baghaei didn’t specify how Tehran would retaliate. 

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!





    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Editor's Pick

    Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Latest News

    Dong’s experience, both as head of the People’s Liberation Army Navy (PLAN) as well as operational assignments in the Chinese military’s Eastern and Southern...