The Donald withdraws US from Iran nuclear agreement: US President Donald Trump announcing last night that the US is withdrawing from the 2015 Joint Comprehensive Plan of Action (JCPOA) with Iran. In a statement last night, Trump called Iran agreement “one of the worst and most one-sided transactions the United States has ever entered into.” Trump said he would reinstate economic sanctions on Iran that would “target critical sectors of Iran’s economy, such as its energy, petrochemical, and financial sectors. Those doing business in Iran will be provided a period of time to allow them to wind down operations in or business involving Iran. Those who fail to wind down such activities with Iran by the end of the period will risk severe consequences,” read a White House statement. The withdrawal has everyone worrying of an of regional tension in the Middle East.

The move could represent the biggest break yet between the US and its Western allies. UK Prime Minister Theresa May, German Chancellor Angela Merkel, and French President Emmanuel Macron issued a joint statement that they would abide by the treaty, saying that it is "the best way of neutralizing the threat of a nuclear-armed Iran," DW reports.

Iran too insisted that the nuclear agreement is alive and well with the other four signatories. President Hassan Rouhani said that Iran will continue to work with the UK, Germany, France, Russia, but warned that it could step up enrichment if those talks do not yield results, Bloomberg reports.

The GCC is ecstatic: The governments of Saudi Arabia and the UAE both issued statements in strong support of the decision and calling on the international community to join the new policy shift.

Egypt said it would closely monitor the situation, according to a Foreign Ministry statement. Egypt reaffirmed the need for Iran to curb nuclear testing, while stressing the need for stability in the region.