Iranian President Hassan Rouhani said Tuesday that the restoration of the sanctions might create financial difficulties for Iran but vowed to overcome them. US President Donald Trump will announce his decision on whether or not to stay in the nuclear deal at 2:00 PM today instead of on the previously set deadline on May 12. Israeli Intelligence Minister Yisrael Katz predicts the US will withdraw from the deal.

Hassan Rouhani

Hassan Rouhani Photo Credit: EPA

Iranian President Hassan Rouhani has admitted that Iran might suffer financial difficulties for a few months if the US withdraws from the nuclear deal.

“We will likely face a few problems for two or three months,” Rouhani said at a petroleum conference in Tehran on Tuesday. “But we will get through this.”

Rouhani added that Iran still wants to work with the world but stressed that it will continue to develop its domestic sector despite the possible sanctions. “Sanctions or not, we must stand on our own feet.”

Rouhani’s remarks were the first by an Iranian official after US President Donald Trump’s announcement that he’d reveal his decision on whether to pull out of the nuclear deal on Tuesday.

Trump previously expressed his displeasure with the nuclear deal and has repeatedly warned that he might ultimately terminate the deal unless the current terms are “fixed.”

Trump had originally set a May 12 deadline to announce his decision on the nuclear deal but announced yesterday that he would disclose his plans for Iran sanctions earlier than expected.

“I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00 pm,” Trump tweeted on Monday.

Israeli Intelligence Minister Yisrael Katz said Tuesday that he believes that Trump will announce his withdrawal from the nuclear deal.

“The right way for President Trump to advance his policy and stop Iran is to announce the cancellation of the nuclear deal and the return of economic sanctions on Iran,” said Katz. “The world must unite against Iran, just as it did against North Korea, until the total cancellation of the nuclear project, the cancellation of the development of ballistic missiles and the cessation of Iranian-Shiite expansion in the region, which advanced yesterday with Hezbollah’s victory in Lebanon.”