Iran's Khamenei Slams 'Silly' Trump Speech, Says US 'Made a Mistake'

Analysts' estimates of the possible reduction in Iranian crude supplies as a result of any new US sanctions range from as little as 200,000 bpd to as much as 1 million bpd, with most impact from 2019 as sanctions take time to be imposed.

Iran's Supreme Leader Ali Khamenei said Trump's speech was silly and superficial and contained 10 lies.

Asked how she felt about Trump's claim that he stood with "the long-suffering Iranian people" against their government, she said: "That makes them even more angry".

He said the nuclear question was just a pretext to curb Iran's defensive capabilities and the "power and influence of the Islamic revolution in the region".

Trump said he definitive proof that Iran has violated the 2015 agreement aimed at freezing the country's nuclear ambitions.

"The composition of what happens when we sit down with the Iranians is several stages out", the official said, adding that talks would focus on how to raise pressure on Iran "in a way that is constructive and conducive to bringing them to the negotiating table".

In a new assessment, however, the head of the United Nations nuclear watchdog unit, the International Atomic Energy Agency, said, "As of today, the IAEA can confirm that the nuclear-related commitments are being implemented by Iran".

UN Secretary General Antonio Guterres also issued a statement on Tuesday calling on the remaining parties to the nuclear deal to fully observe their commitments.

While expressing regret on the United States move, China called upon the relevant parties to take responsibility for the situation and ensure the future of Iran deal is safe.

French President Emmanuel Macron, according to France's foreign minister, would speak later in the day to Iranian counterpart Hassan Rouhani regarding the future of the nuclear deal. European Commission High Representative for Foreign Affairs Federica Mogherini said yesterday that the USA did not have the power to scrap the agreement altogether, and that the EU would continue to pursue it. Under its terms, Iran agreed to limit its uranium enrichment activities, eliminate its stockpile of medium-enriched uranium and limit its stockpile of low enriched uranium over the next 15 years.

We've got more newsletters we think you'll find interesting.

U.S. President Donald Trump warned Iran Wednesday there would be "very severe consequences" if it starts developing nuclear weapons in the wake of the U.S. withdrawal from a 2015 global pact aimed at restraining Tehran's nuclear program. "President Trump's decision reverses Obama's failed foreign policy and protects Americans and our closest allies in the Middle-East from this malicious regime", said Staver.

China on Wednesday voiced regret over the decision and vowed to "safeguard" the agreement.

Geng said China would "carry on the normal and transparent pragmatic cooperation with Iran on the basis of not violating our worldwide obligation".

The Iran nuclear is a multilateral pact, to which the US, Iran, China, Russia, the UK, France, and Germany are all signatories.

Iran's 2015 nuclear deal imposed restrictions on the Islamic Republic's nuclear program in return for the lifting of most of the US and worldwide sanctions against Tehran.

The adviser, who isn't authorized to be publicly named, said "we are going to do everything with the businesses involved to safeguard our interests". West Texas Intermediate (WTI) crude futures hit their highest level since November 2014 at US$71.17 per barrel, up 2.8 per cent.

The U.S. faced a May 12 deadline to decide whether or not to remain in the Iran nuclear deal.

  • Leroy Wright