President Donald Trump on Tuesday announced that the United States will “withdraw” from the Iran nuclear deal, promising to re-impose sanctions on the Islamic Republic lifted under the accord.

“The Iran deal is defective at its core,” Trump said from the White House’s Diplomatic Room. “If we do nothing, we know exactly what will happen: in just a short period of time, the world’s leading state sponsor of terror will be on the cusp of acquiring the world’s most dangerous weapons.”

“Therefore, I am announcing today that the United States will withdraw from the Iran nuclear deal,” Trump continued. “We will be instituting the highest level of economic sanction. Any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States.”

After his remarks, Trump signed a presidential memorandum “to begin reinstating U.S. nuclear sanctions on the Iranian regime.”

Trump said during his address that the nuclear accord, which the Obama administration and five other world powers struck with Iran in 2015, does not protect the U.S. and its allies from Iran achieving a nuclear-weapons capability.

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