President Trump announces U.S. exit from Iran nuclear deal

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(CBS News)- President Trump on Tuesday announced his much-anticipated decision to “withdraw” from the Iran nuclear deal, in keeping with a longtime campaign promise.

The president claimed there is Israeli intelligence proving Iran is not in compliance with the agreement, and said he fears the 2015 deal will allow the Iranian regime to amass nuclear weapons.

“In just a short period of time, the world’s leading state sponsor of terror will be on the cusp of acquiring the world’s most dangerous weapons,” Mr. Trump said from the White House Diplomatic Room.

“Therefore, I am announcing today that the United States will withdraw from the Iran nuclear deal.”

What that means practically speaking, is the U.S. will not renew the sanctions waiver and will no longer participate in the Iran nuclear deal, CBS News’ Ed O’Keefe and Rebecca Kaplan have reported.

According to the U.S. Treasury, its Office of Foreign Assets control is taking action immediately to implement Mr. Trump’s decision.

Sanctions will have 90-day and 180-day wind-down periods, at the end of which relevant, previous sanctions the U.S. had waived will be reinstated.

Most Americans don’t know what U.S. should do on Iran deal — CBS News poll U.S. intelligence has verified that the deal has been an effective arms control deal that has kept Iran’s nuclear program frozen for three years, CBS News “Face the Nation” host Margaret Brennan has noted.

Mr. Trump is delivering on another campaign promise, says Brennan, but one which is arguably far more consequential than any other deal he’s torn up. Mr. Trump did not answer shouted questions from a reporter in the room about how leaving the deal will make the U.S. safer.

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