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In an apparent act of defiance after signing a nuclear agreement with world powers, Iran reportedly test-fired two ballistic missiles Wednesday with the phrase "Israel must be wiped out" written in Hebrew on them.

Lt. Col. Ralph Peters (Ret.) said on "America's Newsroom" today that Iran is trying to accomplish two things with the ballistic tests: show strength domestically and rub it in the faces of President Obama, Secretary of State John Kerry and others that Islamic republic can do whatever it wants following the nuke deal.

Peters explained that Iran received a flood of money from European and global corporations after sanctions were lifted, so even if the U.S. wanted to terminate the deal and re-impose sanctions, they would no longer be effective.

"Essentially, our president and his secretary of state have painted themselves into a very dangerous corner, in which whatever we do or fail to do, we're the losers," Peters said.

"Iran's on the rampage in Syria, in Yemen, in Iraq, and we don't know what to do. I hate to say this about my country, but we've lost this one."

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