Iran will sell its oil despite U.S. sanctions - President Rouhani
Iran will sell its oil despite U.S. sanctions - President Rouhani
Iranian Crowds Chant 'Death To Israel,' 'Down With U.S.'
05 November, 2018, 13:09
Most of the worldwide firms who lined up to work in Iran after the 2015 deal have been forced to leave, including France's Total, Peugeot and Renault, Germany's Siemens.
They aim to significantly reduce Iran's oil exports - which have already fallen by around one million barrels a day since May - and cut it off from global finance.
India and South Korea do not border Iran, but they both rely heavily on its oil and they are important countries to overall USA interests.
The International Monetary Fund said on Thursday that Iran should implement policies to safeguard its macroeconomic stability in the face of sanctions. President Trump, you've done it again!
He added that Iran must meet 12 demands in order to see the sanctions lifted, including ending its support of its terror proxies in Syria and stopping its nuclear and ballistic missile development.
The countries will deposit Iran's revenue in an escrow account, US officials have said.
Iran has dismissed these charges and maintains that its nuclear programme is for peaceful purposes.
"This new USA president ... has disgraced the remnant of America's prestige and that of liberal democracy".
General Qassem Soleimani, commander of the elite Iranian Revolutionary Guards' Quds Force that oversees its operations overseas, responded to Trump's Game of Thrones-inspired tweet on Friday that warned, "Sanctions are Coming".
On Sunday, Secretary of State Mike Pompeo appeared on "Fox News Sunday". "We love all nations and all people of the world".
With new USA sanctions on Iran just hours away, Secretary of State Mike Pompeo is warning that they'll really pack an economic punch. "The main objective from the United States side is to force Iran to accept most - if not all - of its 12 conditions and demands". That'll take us some number of months to do that. "Alternatively, we have asked other Opec countries to help us get our requirement of crude at better terms".
He said "economic warfare" was a final bid by Washington to overthrow the Islamic republic after decades of failed attempts. Bloomberg's Jodi Schneider reports on "Bloomberg Daybreak: Asia". When questioned about whether the European Union or other nations or jurisdictions would receive waivers (or SREs, "significant reduction exemptions"), he answered "T$3 he EU will not be receiving an SRE". These eight countries are among the top 20 oil importers from Iran, he told reporters.
Iraq is not only next to Iran, it is economically and culturally so intertwined with Iran that it is not obvious if Iraq would have the capacity to break away completely from Iranian oil.
The symbolism of the looming sanctions coming wasn't lost on protesters Sunday.
But Trump denounced the nuclear deal, approved by his predecessor Barack Obama, as flawed in Iran's favor and withdrew Washington from the pact in May.
All of that said, as Pompeo noted on Friday, the waivers are not full waivers.
Anger and distrust over the U.S. is surging again following Mr Trump's decision to withdraw from landmark nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration. "On Monday, 5 November, the termination of United States participation in the Iran nuclear deal will be complete". Addressing the rally in Tehran, the commander of the elite Revolutionary Guard, Major General Mohammad Ali Jafari, said the country would resist and defeat the US' "psychological war" and the return of sanctions aimed at crippling Iran's oil exports and financial institutions. That's important for American consumers, and the march to zero continues.
"We believe we should look for mechanisms that would allow us to continue developing cooperation with our partners, with Iran", Mr. Novak said in an interview with the Financial Times. "Secretary Pompeo has been very clear that we have an ear open to what is possible". "We are in the economic war situation".
Mr Rouhani said: "Today, Iran is able to sell its oil and it will sell". "This new USA president. has disgraced the remnant of America's prestige and that of liberal democracy".
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