INDICES
  • Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%
-

EghtesadOnline: In an unexpected reversal, President Barack Obama declined to sign a renewal of sanctions against Iran but let it become law anyway, in an apparent bid to alleviate Tehran's concerns that the U.S. is backsliding on the nuclear deal, AP reported.

Although the White House had said that Obama was expected to sign the 10-year-renewal, the midnight deadline came and went Thursday with no approval from the president. White House press secretary Josh Earnest said Obama had decided to let it become law without his signature, according to ILNA.

"The administration has, and continues to use, all of the necessary authorities to waive the relevant sanctions" lifted as part of the nuclear deal, Earnest said in a statement.

Under the Constitution, the president has 10 days after Congress passes a bill to sign it, veto it or let it become law with no signature if Congress is still in session. Although lawmakers have returned home for the holidays, Congress technically has not adjourned and is holding "pro-forma" sessions this week.

Iran's president had vowed to respond if the sanctions were renewed, arguing they violate the nuclear deal between Iran and world powers, which eased sanctions in exchange for curbs on Iran's nuclear program. On Tuesday, Iran's president ordered up plans to build nuclear-powered ships and to formally accuse the U.S. of violating the terms of the deal.

President-elect Donald Trump has been sharply critical of the nuclear deal and has threatened to try to renegotiate it, but has been vague about whether he'd pull the U.S. out of it.

Barack Obama Iran sanctions ISA