US Pompeo: US "won't allow" Iran to build nuclear weapons - Reuters

Joshua Gibson FXStreet

As reported by Reuters, US Secretary of State Mike Pompeo stated on Wednesday that the US is aware of reports that Iran plans to increase its uranium enrichment capacity, and that Washington will not allow Iran to build nuclear weaponry.

Pompeo, one of the Trump administration staffers responsible for helping the US pull out of the Iran nuclear deal that has left Europe, Russia, and China scrambling to keep the deal together and causing the US to rub allies the wrong way by trying to strong-arm allies into abandoning trade with Iran under threat of trade sanctions, has noted that the US is watching Iran closely following reports that Iran is working on expanding its uranium-enrichment processes, despite still appearing to negotiate upholding the Iran deal with the remaining participants.

“We’re watching reports that #Iran plans to increase its enrichment capacity. We won’t allow Iran to develop a nuclear weapon,” Pompeo said on Twitter. He added that “Iran is aware of our resolve.”

- Reuters

Few details on what the US would do to block Iran have been forthcoming, as the US is already re-imposing former heavy sanctions and penalties following their pull-out from the Iran deal.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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