"Sanctions would be reimposed on the industries mentioned in the 2015 deal, including Iran's oil sector, aircraft exports, precious metals trade, and Iranian government attempts to buy US dollar banknotes."

Former President Barack Obama, who signed the deal on behalf of the US three years ago, called Mr Trump's announcement "misguided".

Obama gave the religious dictator of Iran millions of dollars in cash which was spent to support terrorism.

BBC News: Iran nuclear deal: Trump pulls US out in break with Europe allies

Trump is permanently on my crap list but this time he did the right thing.

UPDATE: I looked something up.

In August 2016, many news organizations reported the delivery of $400 million of that $1.7 billion in cash. As part of that exchange, an unmarked cargo plane delivered the money after American officials were certain that three Americans held in Iran were on their way home.

It is not known how the remaining $1.3 billion made its way to Iran. Given the isolation of Iran’s banking system, it is possible that the payment was made in cash and flown to Iran, but neither we nor Handel’s staff could point to any report that said that definitely took place.

Money for terrorism

The idea that the Obama administration admitted that the money is being spent on terrorists comes from something then-Secretary of State John Kerry said in an interview.

Kerry told CNBC’s Squawk Box in January 2016 that Iran could spend the unfrozen assets however it wanted.

"I think that some of it will end up in the hands of the IRGC (Islamic Revolutionary Guards Corps) or of other entities, some of which are labeled terrorists," Kerry said. "To some degree, I’m not going to sit here and tell you that every component of that can be prevented."