Fate of Iran nuclear deal in the balance

President Donald Trump is expected to announce his decision on whether to withdraw from the 2015 Iran nuclear deal later today. ABC News' Elizabeth Hur reports.
2:08 | 05/08/18

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Transcript for Fate of Iran nuclear deal in the balance
Well it's Decision Day for president trump he set to announce whether the US will withdraw from the Iran nuclear deal it could be the biggest foreign policy decision of his presidency. And it could also impact everything from stocks to gas prices ABC's Elizabeth herd takes a look at what's at stake today it was best. What AM president trump has long criticized this deal calling it ridiculous and insane and this morning we're getting new reaction from the Iranian President who warns quote the country could face some problems should the US. And the agreement. Days ahead of his self imposed may twelfth deadline it's a horrible agreement for the United States. And after repeated least slamming the Iran nuclear deal is setting off missiles which they say a for television purposes I don't think so. President trump says he is made up his mind and will be announcing his decision this afternoon. President trump wants to walk out of the deal not because he's not satisfied with its substance. But because as an Obama legacy. The 2015 agreement struck between Iran and six nations including the US Germany and France. Was brokered by President Obama to deal Rosie Iran's nuclear program. In exchange for an end to economic sanctions on T wrought. He Ron lives. Victim but just last week Israeli prime minister Benjamin Netanyahu accused Iran of lying about its nuclear weapons program. Urging president trunk to quote do the right thing the right thing for the United States. The right thing for his role. This as the leaders of France and Germany traveled to the White House in recent weeks two and lobby the president to stay in the agreement. Even still one of the deal former negotiators when he police president trump. Will pull out of the deal because he wants to who he wants a show that he can be tougher and that he could negotiate a different deal. We'll Wall Street will be closely watching the announcement this afternoon after president Chung said his decision with imminent yesterday. Stocks lost some of their games also experts say if the president pulls out of this deal gas prices could rise fifteen to 25 cents a gallon. Diane and ABC will have live coverage of that decision Elizabeth her thank you.

This transcript has been automatically generated and may not be 100% accurate.

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