US Withdrawal from JCPOA (2018)
May 2018What Happened
President Trump withdrew the United States from the 2015 Iran nuclear deal negotiated by the Obama administration, calling it 'a giant fiction.' He reimposed sanctions that eventually totaled over 1,500 designations—triple the Obama-era level—targeting Iran's oil, banking, and financial sectors.
Outcome
Iran's oil revenue collapsed from $42 billion in 2018 to $14 billion in 2019. The currency lost 65% of its value.
Rather than returning to negotiations, Iran expanded nuclear activities, enriching uranium to 60%—far beyond the JCPOA's 3.67% limit—and reducing cooperation with international inspectors.
Why It's Relevant Today
Trump's second-term negotiations must grapple with the consequences of his first-term withdrawal: Iran is closer to weapons capability than in 2015, and Tehran's trust in American commitments is fundamentally damaged.
