This is a developing story. Video of the President’s speech is included below and will archive once completed.
In a move that was expected by many, President Trump is withdrawing the United States from the nuclear deal with Iran.
The Iran Deal was considered the linchpin of the Obama legacy, and critics of the Trump administration warn that the move could spark a global crisis or even armed conflict.
Vice President Pence has told congressional leaders that President Trump plans to pull out of the Iran nuclear deal, Fox News has learned.
A source said that Trump has made the decision to withdraw – and his announcement Tuesday afternoon will start a 90-day countdown to the restoration of sanctions.
Once sanctions are re-imposed, the U.S. effectively would be out of the deal.
It’s not clear which sanctions lifted under the deal Trump plans to immediately re-impose. He has several options. A more limited move could leave Trump more room to potentially stay in the deal if other members agree to toughen it.
If he follows through on a sweeping imposition of sanctions, the move threatens to topple the Iran nuclear agreement as a whole – and with it, his predecessor’s signature foreign policy achievement.
The president began briefing foreign and congressional leaders on his decision ahead of his 2 p.m. announcement.
And he started the day by warning former Secretary of State John Kerry not to meddle in the negotiations.
“John Kerry can’t get over the fact that he had his chance and blew it! Stay away from negotiations John, you are hurting your country!” Trump tweeted early Tuesday.
This was a reference to reports that Kerry was meeting with foreign officials in a bid to salvage the pact. Speaking at a summit Tuesday in Italy, Kerry did not back down, saying the Middle East is “safer with this agreement” and framing this juncture as a choice between peace and war.
Trump’s announcement comes ahead of a May 12 deadline to make a decision on sanctions.
It follows efforts by European allies to convince Trump to keep the deal, even with changes.
But Trump reportedly was unconvinced. Since the 2016 presidential campaign, he has railed against the agreement and its Obama administration negotiators.
The 2015 pact lifted most U.S. and international sanctions against the country, in exchange for Iran agreeing to restrictions on its nuclear program making it impossible to produce a bomb, along with rigorous inspections – terms generally set for 10-15 years.
But Israel, Gulf Arab states and many congressional Republicans said the deal was a giveaway to Tehran that ultimately paves the path to a nuclear-armed Iran several years in the future.
“Perhaps the nuclear deal’s most unforgivable flaw is that its original architects chose to stand with and empower Iran’s mullahs over the Iranian people, whose opposition to their corrupt and criminal government continues to grow,” Sen. Marco Rubio, R-Fla., wrote in a Fox News op-ed urging Trump to abandon the pact and ratchet up sanctions.
But Trump’s decision could lead to retaliation from Iran in the near-term.
If the deal collapses, Iran could resume prohibited enrichment activities, while businesses and banks doing business with Iran would have to scramble to extricate themselves or run afoul of the U.S.
While Trump himself was tight-lipped about his decision in the run-up to the announcement, Iranian officials also were left guessing.
In Tehran, President Hassan Rouhani sought to calm nerves. “It is possible that we will face some problems for two or three months, but we will pass through this,” Rouhani said.
Rouhani earlier warned of “grave” consequences if Trump pulled back on the agreement.
Obama foreign policy adviser Ben Rhodes, who played a key role in the deal, also tweeted that “Trump is blowing that up with no understanding of what’s actually in the Deal, no plan for what comes next, and no support from our closest European allies, Russia or China.”
A factor leading to Tuesday’s decision may have been Israel’s public lobbying. A week ago, Israeli Prime Minister Benjamin Netanyahu appealed to the U.S. president by making explosive allegations that new evidence proved Tehran had lied about its nuclear program and adherence to the pact.
But even Trump’s secretary of state and the U.N. agency that monitors nuclear compliance have agreed that Iran, so far, has lived up to its side of the deal.
Here is video of the President’s announcement.