Trump to Announce Iran Decision Tuesday Afternoon

Trump faces a May 12 deadline to either continue suspending sanctions targeting Iran’s oil exports or snap the penalties back into place. Refusing to grant the sanctions relief would imperil the nuclear agreement and potentially put the United States on a diplomatic collision course with some of its closest allies and trade partners.

West Texas Intermediate graph

Under the terms of the 2015 nuclear deal, the international community agreed to continue suspending sanctions against Iran so long as it lives up to the terms of the accord. In exchange for sanctions Iran to accept limits on its nuclear program and grant access to atomic facilities to international inspectors.

While Iran remains in compliance, Trump has threatened to scrap the accord anyway. In January, he said he would no longer waive sanctions unless his administration can reach a deal with European partners to toughen the terms of the 2015 accord.

Despite recent meetings with foreign leaders, that deal has not yet emerged.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza