U.S. warns Iran: Expect sanctions \'\'very soon\'\'

Iran says it's scrapping some of its commitments to the 2015 nuclear pact - one year after President Donald Trump withdrew from the agreement.

Iran's president said on Wednesday it will start rolling back promises to stop selling its enriched uranium and heavy water abroad -- and keep it in Iran instead.

Rouhani also issued an ultimatum to the remaining members of the pact: Make good on your promises - within the next 60 days - or the country will revive high level uranium enrichment.

Iran wants the five remaining signatories to protect Iran's oil and banking interests against U.S. sanctions.

In response to Rouhani's threats, U.S. Secretary of State Mike Pompeo and British Foreign Secretary Jeremy Hunt warned of repercussions for Iran.

(SOUNDBITE) (English) U.S. SECRETARY OF STATE MIKE POMPEO SAYING: ''They've made a number of statements about actions they've threatened to do in order to get the world to jump.

We'll see what they actually do.

We'll wait to observe that.

(SOUNDBITE) (English) U.S. SECRETARY OF STATE MIKE POMPEO SAYING: And I'm confident that as we watch Iran's activity that the United Kingdom and our European partners will move forward together to ensure that Iran has no pathway for nuclear weapons.'' (SOUNDBITE) (English) BRITISH FOREIGN SECRETARY JEREMY HUNT SAYING: ''There will be consequences, and I'm sure that I'm speaking for my European colleagues in that respect as well.'' France warned that Iran could face even more sanctions if it fails to hold up its part of the deal.

A senior White House official told a conference in Washington that ''now is the time'' for nations to strongly condemn Iran's nuclear misconduct -- and to increase pressure on the regime to comply with U.S. demands.

He added: "Expect more sanctions soon.

Very soon.''