Trump will extend Iran sanctions relief, keeping Obama-era nuclear deal alive—for now

President will, for the final time, waive sanctions against , extending the life of an international nuclear accord that the commander in chief disavowed three months ago, according to senior administration officials.

Rather than continue to periodically extend sanctions relief, which is currently required to keep the deal alive, Trump will work with European partners on developing new provisions to strengthen the deal.

The president will be open to remaining in the Iran deal only if he can secure that new agreement, officials told CNBC.

Treasury Secretary , in a separate statement, announced new sanctions on 14 Iranian individuals and entities in connection with various human rights abuses.

The waiver also marks the first time Trump has granted sanctions relief since he told Congress in October that the 2015 Iran nuclear deal is no longer in the country‘s national security interest. Trump has called the accord the “worst deal ever,” but he‘s declined to scrap it while Congress prepares legislation to modify the agreement and his administration marshals international support to increase pressure on Iran.

The nuclear deal, hammered out in 2015 by six world powers, lifts crippling sanctions on Iran‘s lifeblood oil and gas industry and the broader economy. In exchange, the Iranian regime agreed to limits on its nuclear program and allowed inspectors to monitor its facilities.