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What Iran's Ultimatum Means for Europe, Oil and Diplomacy

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Iran Uranium Letter Was 'Intentionally Ambiguous,' Pompeo Says

Iran said Wednesday it’s scaling back commitments under the landmark 2015 nuclear deal after the U.S. abandoned the pact and reinstated sanctions. Tehran imposed a 60-day deadline for other signatories to salvage the accord by facilitating oil exports and trade.

President Hassan Rouhani’s warning that Iran may take the further step of no longer limiting uranium enrichment, a key component of the deal, puts pressure on European nations to find a compromise and ratchets up tension with the U.S. The Trump administration earlier dispatched an aircraft carrier strike group and B-52 bombers to the region.