Trump Snubs Europe, Pulls Out Of Iran Nuclear Deal

'Dotun Akintomide
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

As expected, US  President Donald Trump on Tuesday pulled the United States out of Iran nuclear deal, an international agreement aimed at stopping Iran from obtaining a nuclear bomb, and said he would reimpose economic sanctions on Tehran immediately.

Trump’s move is a snub to European allies such as France, Britain and Germany who are also part of the Iran deal and tried hard to convince the U.S. president to preserve it. The Europeans must now scramble to decide their own course of action with Tehran.

His not surprising decision is likely to raise the risk of conflict in the Middle East, upset America’s European allies and disrupt global oil supplies.

“This was a horrible one-sided deal that should have never, ever been made,” Trump said at the White House. “It didn’t bring calm. It didn’t bring peace. And it never will.”

The 2015 deal, worked out by the United States, five other international powers and Iran, eased sanctions on Iran in exchange for Tehran limiting its nuclear program.

Trump said  the agreement, the signature foreign policy achievement of Trump’s predecessor Barack Obama, does not address Iran’s ballistic missile programme, its nuclear activities beyond 2025 nor its role in conflicts in Yemen and Syria.

Trump said he was willing to negotiate a new deal with Iran, but Tehran has already ruled that out and threatened unspecified retaliation if Washington pulled out.

Iranian state television said on Tuesday that Trump’s decision to withdraw was “illegal, illegitimate and undermines international agreements.”

Renewing sanctions would make it much harder for Iran to sell its oil abroad or use the international banking system.

The Iran deal may remain partially intact, even without the United States. Iranian President Hassan Rouhani suggested on Monday that Iran could remain in the accord with the other signatories that stay committed to it.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp