Economics
Iran Sets 60-Day Nuclear Countdown Unless Europe Delivers Trade
- Tehran scales back some commitments under 2015 nuclear accord
- Move could raise tensions with U.S. as bombers deploy to Gulf
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Iran threatened to abandon limits on uranium enrichment unless Europe throws it an economic lifeline within 60 days, setting an ultimatum for the survival of a shaky 2015 accord meant to prevent the Islamic Republic from developing a nuclear bomb.
The move is likely to inflame tensions with President Donald Trump’s administration, which walked away from the landmark nuclear deal a year ago and imposed strict sanctions that squeezed Iran’s economy, triggered a currency collapse and ushered in shortages of consumer goods.