WASHINGTON—House Speaker Paul Ryan (R-WI) released the following statement after the president’s announcement regarding the Iran Deal:

"From the beginning, the Obama-era Iran Deal was deeply flawed. Iran’s hostile actions since its signing have only reaffirmed that it remains dedicated to sowing instability in the region. The president’s announcement today is a strong statement that we can and must do better. I have always believed the best course of action is to fix the deficiencies in the agreement. It is unfortunate that we could not reach an understanding with our European partners on a way to do that, but I am grateful to them for working with the United States toward that goal. The president is right to insist that we hold Iran accountable both today and for the long-term. There will now be an implementation period for applying sanctions on Iran. During that time, it is my hope that the United States will continue to work with our allies to achieve consensus on addressing a range of destabilizing Iranian behavior—both nuclear and non-nuclear."