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Iran's Rouhani says US has failed to undermine nuclear deal

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EU summit backs Iran nuclear agreement ahead of Trump decision

But his explicit warning to Europe that the deal must be fixed by the time the next sanctions waivers are due in the spring creates a high-stakes diplomatic deadline that will be hard to meet.

The U.N. nuclear watchdog agency has repeatedly found Iran is complying with those obligations.

One of the criticisms levelled at the nuclear deal is that it does nothing to address Iran's continuing ballistic missile program and involvement in conflicts such as Yemen and Syria.

Trump's Friday announcement will "reflect frustration at European allies and at Congress" for dragging their feet over proposed legislative changes that would call for stricter enforcement of the Joint Comprehensive Plan of Action (JCPOA), Bloomberg News foreign policy reporter in Washington. But he said he would work with European allies to remove so-called "sunset clauses" that allow Iran to gradually resume advanced nuclear activities in the next decade.

On Friday, Mr Trump agreed to waive sanctions against Iran that were lifted as part of the global deal but said it would be the last time unless conditions were met to fix what he called "significant flaws" in the deal.

Iranian Foreign Minister Mohammad Javad Zarif responded on Twitter that the deal was not renegotiable and that Trump's stance "amounts to desperate attempts to undermine a solid multilateral agreement".

"This is a last chance", Trump warned in a statement that outlined several tough new rules on Iran.

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The president's proposals to "fix the deal's disastrous flaws" include Iran's agreement to open all sites immediately to worldwide inspectors and an assurance from Tehran that it will never develop a nuclear weapon.

So far, Trump has continued to follow Obama's lead in regularly signing sanctions waivers so that United States economic measures against Tehran do not "snap back".

While Trump approved the waiver, new, targeted sanctions were announced against 14 entities, including Sadeq Amoli Larijani, the head of Iran's judiciary.

Trump is required to renew the existing deal every 120 days under U.S. law.

The Foreign Ministers of Britain, France and Germany threw their weight behind the pact limiting Iran's nuclear ambitions and insisted that the Islamic Republic is respecting it.

Russian Federation spoke out strongly Friday in favor of the accord, ahead of the announcement of Trump's decision, calling it "the result of a consensus among many parties", in the words of Kremlin spokesman Dmitry Peskov.

In his statement Friday, Trump said he remained open to revising the Iran Nuclear Agreement Review Act, or INARA.

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