President Donald Trump on Friday delivered an ultimatum to America’s European allies to fix the “terrible flaws” in the Iran nuclear deal, or he’ll pull the U.S. out in a few months’ time.

Trump made the threat as he extended waivers of key economic sanctions on Iran, keeping the 2015 landmark accord alive at least for now.

“This is a last chance,” Trump warned in a statement that outlined several tough new rules on Iran. “In the absence of such an agreement, the United States will not again waive sanctions in order to stay in the Iran nuclear deal.”

The waiver suspends US sanctions on Iran for another 120 days.

The White House wants a deal with European signatories to make restrictions on Iran’s uranium enrichment permanent. Under the current deal they are set to expire in 2025.

Trump also wants Iran’s ballistic missile program to be addressed.

The deal saw Iran agree to reduce uranium enrichment activity drastically, dispose of its enriched uranium stocks and modify a heavy water facility so it could not produce material suitable for a nuclear bomb.

In return, decades of international and US nuclear-related sanctions were suspended, and the US president must sign a waiver suspending them every 120 days.

But Trump has strongly criticised the deal, reached under his predecessor Barack Obama.

Trump’s declaration puts great pressure on Britain, France and Germany, the European signatories to the nuclear pact with Iran. Trump wants them to help the U.S. devise a new agreement designed to prevent Iran from escalating nuclear activity again next decade, as permitted under the 2015 arrangement reached by Obama. Iran has said it’s not interested in any renegotiation.

The sanctions Trump had to waive on Friday dealt with Iran’s central bank. These penalties largely cut Iran out of the international financial system, until they were suspended by Obama under the nuclear deal. Trump is also waiving other U.S. penalties covered by the agreement, including on Iran’s oil and gas sectors, which were up for renewal next week.

Trump will next have to deal with these decisions in the spring.

But Trump paired Friday’s concession with other, targeted sanctions on Iran for human rights abuses and ballistic missile development. The Treasury Department’s action hits 14 Iranian officials and companies and businessmen from Iran, China and Malaysia, freezing any assets they have in the U.S. and banning Americans from doing business with them.

Those hit by the sanctions include: Iranian judiciary chief Sadegh Amoli Larijani; the Rajaee Shahr Prison and its director, Gholamreza Ziaei; the Islamic Revolutionary Guard Corps Electronic Warfare and Cyber Defense Organization; Iran’s Supreme Council of Cyberspace and National Cyberspace Center; Malaysia-based Green Wave Telecommunication and its Iranian director Morteza Razavi; and the Iran Helicopter Support and Renewal Company and Iran Aircraft Industries.

In his lengthy statement, Trump said the U.S. would work with European partners to remove the nuclear deal’s so-called “sunset clauses,” which allow Iran to gradually resume advanced atomic activity. He said he wanted the U.S. legislation governing Washington’s participation in the deal to specifically link Iran’s ballistic missile programs to sanctions relief.

“Today, I am waiving the application of certain nuclear sanctions, but only in order to secure our European allies’ agreement to fix the terrible flaws of the Iran nuclear deal,” Trump said.

“If at any time I judge that such an agreement is not within reach, I will withdraw from the deal immediately,” he added. “No one should doubt my word.”

The decision had been expected since earlier this week. Officials, congressional aides and outside administration advisers said had the president would likely extend the sanctions waivers, citing progress in the U.S. legislation. One aspect Trump has particularly bristled at is having to give Iran a “thumbs up” every few months by acknowledging that it is meeting its nuclear requirements.

Trump’s waiver announcement also included harsh criticism of Iran’s response to recent protests against the Islamic Republic’s leadership.

Trump received a formal recommendation from Secretary of State Rex Tillerson, Defense Secretary James Mattis and national security adviser H.R. McMaster on Thursday, officials said. Their advice is opposed by some Republican lawmakers.

That balance is aimed at satisfying Trump’s demand to raise pressure on Iran, while not embarking on a frontal assault on the most central trade-offs of the nuclear agreement. While the U.S. and other world powers rolled back economic restrictions on Tehran, the Iranians severely curtailed their enrichment of uranium and other nuclear activity. Trump has complained that many of the Iranian restrictions expire next decade and has vacillated between talk of toughening the deal and pulling the U.S. out entirely.

(YWN / AP)