Saudi FM: Riyadh Will Develop Nuclear Arms if Iran Does

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The Bahrain News Agency, BNA, quoted a statement of the Ministry of Foreign Affairs as saying, "This decision reflects the commitment of the United States to confront Iranian policies and Iran's continuous attempts to spread terrorism in the region in full violation of global norms and laws".

Jubeir's renewed vow came after US President Donald Trump pulled the United States out of an accord created to prevent Tehran's alleged quest for the bomb.

Back in 2015, in exchange for relief from sanctions, Iran scaled back its nuclear program.

Trump's claim that his withdrawal decision from the Iran deal will strengthen his hand in negotiating a better Iran deal is yet to be proven.

Similar to Saudi Arabia, Israel has repeatedly accused Iran of continuing to hide and expand what it calls nuclear weapons program.

Iran, itself a victim of weapons of mass destruction, says it has had no nuclear weapons program and is not in pursuit of such arms.

Ministry of Foreign Affairs and International Cooperation has announced on late Tuesday its support to the USA decision to withdraw from the Iran nuclear deal. Given the United States just exited the Iran deal, it is unclear for how much longer Iran will abide by its enrichment restrictions.

"This was a frightful, one-sided deal that should have never, ever been made", Trump said. Under such a situation, Iran may decide that its main reason for joining the deal, namely economic recovery through foreign investments, can not be achieved, and withdraw from the deal.

South Korea said on Wednesday it would seek US exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new USA sanctions on Tehran, which will tighten world oil markets and push up prices.

While many countries, including those also party to the agreement, have condemned Trump's decision, Israel has declared the move a political victory.

The agreement is due to expire at the end of 2018.Saudi Arabia, the world´s largest oil exporter and top OPEC producer, is concerned about any negative impact from the possible supply shortage on oil-consuming countries, the OPEC source said. To be sure, this could risk the chances for the US bid-Riyadh may want to move more quickly, or it may decide to work with a non-U.S. company that places fewer restrictions on its enrichment and reprocessing capabilities.

Saudi Arabia has vowed to develop a nuclear arsenal if Iran does as tensions between the Middle Eastern nations escalate.