President Trump's decision yesterday to "nix" the Iran Nuclear Deal was reckless.

In a statement issued on Tuesday, the ministry stated although Egypt appreciates the USA and global assurance to address concerns about regional interference by Iran, it also asserted the necessity of Iran's adherence to worldwide obligations under the Treaty on the Non-Proliferation of Nuclear Weapons.

During that trip, the Saudi crown prince also boasted about the kingdom's rich uranium reserves, saying Riyadh wants to have the ability to enrich its own uranium for use in the nuclear reactors to be built on Saudi soil. Preventing the two countries from having a nuclear-weapon capability and competing in a nuclear arms race is the goal.

The Bahrain News Agency, BNA, quoted a statement of the Ministry of Foreign Affairs as saying, "This decision reflects the commitment of the United States to confront Iranian policies and Iran's continuous attempts to spread terrorism in the region in full violation of worldwide norms and laws".

Washington's allies may find formulas to avoid sanctions exposure.


While Muscat is sceptical its neighbours would resort to a total embargo, "everything is possible".

But the USA sanctions on Iran, assuming they are effective, mark the end of the current output agreement.

Some, however, support Trump's withdrawal from the deal. The JCPOA is in America's interest - it has significantly rolled back Iran's nuclear program.

For all these reasons, Saudi Arabia and other OPEC members will come under intense pressure to raise their output to make up for any loss of Iranian barrels.

Riyadh, which leads a regional coalition that intervened in Yemen's civil war to fight the Houthis, accuses Iran of supplying the militia with ballistic missiles.


An official spokesman for the energy ministry said Tuesday that following the USA decision to withdraw from the nuclear agreement with Iran, Saudi Arabia "would work with major producers within and outside OPEC, as well as major consumers to mitigate the impact of any potential supply shortages".

Analyst Dorsey believes Iran will not compromise on its ballistic missile programme "because that is the core of their defence policy".

Even without disruption to Iran's crude flows, the balance between supply and demand in the oil market has been tightening steadily, especially in Asia, and as top exporter Saudi Arabia and No.1 producer Russian Federation have led efforts since 2017 to withhold oil supplies to prop up prices.

"It's about Iran", said Dorsey, "not about finding a solution".


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