Trump earlier in the day said he once again would extend USA sanctions relief for Iran, as required under the deal in exchange for curbs on Iran's nuclear activities, but he intends to pull the United States out the agreement unless it is strengthened within months.
Trump warned that he would scrap the agreement limiting Iran's nuclear program - an accord he has long despised - unless European countries "join with the United States in fixing significant flaws in the deal".
President Donald Trump has handed European allies an ultimatum to revamp the nuclear deal with Iran, something they have no intention of doing, posing a potential new conflict with other world leaders. And if at any time I judge that such an agreement is not within reach, I will withdraw from the deal immediately, "Trump issued the warning".
In conjunction with the waivers, the Treasury Department placed sanctions on 14 people and entities for alleged offenses unrelated to Iran's nuclear industry. Trump has repeatedly criticized the accord, while Iran has accused the USA of failing to comply with it.
"Iran's response will be severe, and all consequences of this hostile act will be the responsibility of the United States", it said.
The sanctions Trump waived Friday dealt with Iran's central bank.
The United States has sanctioned around 100 individuals and entities involved with Iran's ballistic missile program and other activities which the United States saw as "illicit", according to Trump's statement on Friday. These restrictions were levied because of Iran's human rights violations, support of terrorism, and pursuit of a ballistic missile program.
The next deadline to waive sanctions under the agreement is the middle of May.
One senior administration official said Trump would be open to remaining in a modified deal if it were made permanent.
Iran rebuffs Donald Trump's demand for more nuclear negotiation
"Trump's declaration puts great pressure on Britain, France and Germany, the European signatories to nuclear pact with Iran".
While Trump approved a sanctions waiver, the Treasury Department chose to impose new, targeted sanctions against 14 Iranian entities and individuals. "It also will not allow the [deal] to be linked to any other issue", a foreign ministry statement from Tehran said.
Trump signed a waiver keeping the US sanctions that would scuttle the deal suspended for another 120 days.
The best option, although probably not the most likely, is to have the Obama deal mooted by a change in the Iranian regime that ends the nuclear threat along with the mullahcracy behind it.
The EU and United Kingdom also acknowledged Trump's announcement, but said they would not decide on a course of action until discussing it further with the deal's European signatories.
"We are targeting the Iranian regime, including the head of Iran's judiciary, for its appalling mistreatment of its citizens, including those imprisoned exclusively for exercising their right to freedom of peaceful assembly, and for censoring its own people as they stand up in protest against their government", Treasury Secretary Steve Mnuchin was quoted as saying by Bloomberg.
But he said he would work with European allies to remove so-called "sunset clauses" that allowed Iran to gradually resume advanced nuclear activities in the next decade.
Senior administration officials said Larijani has overseen the sentencing and execution of juveniles in Tehran.
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