Trump Will Announce Iran Deal Decision At 2 PM Tuesday

President Donald Trump tweeted Monday afternoon that he will be announcing his long-awaited decision on whether the US will be pulling out of the Iran deal tomorrow at 2 pm ET. The decision will be announced from the White House.

As Bloomberg notes, Germany, France and the UK have lobbied Trump and his top aides to remain in the deal, which the president has frequently criticized. Trump has strongly hinted that he will withdraw from the agreement, and French President Emmanuel Macron said after meeting with Trump last month that he expects the US to exit the deal.

Additionally, Israel's Channel 10 news reports that it is not clear that European pressure will persuade Trump to maintain The Iran Accord.

There's been some speculation that Trump might continue pursuing negotiations even after ending the waiver on the US's sanctions against Iran, using the period before the most draconian sanctions kick back in as leverage to try and achieve restrictions on Iran's ballistic missile program.

The announcement triggered a "sell the news" reaction in oil, pushing WTI back below $70...

So much for John Kerry's "shadow diplomacy." If anything, Kerry's actions pushed Trump towards what many suspect will be a termination of the deal, since any back-pedalling now would tilt towards Kerry as saving the deal last minute.