Sunday, 21 October, 2018

Iran vows to continue oil exports despite Trump's threats

Zarif met on Tuesday with the his foreign ministry counterpart from North Korea a country also under US sanctions Zarif met on Tuesday with the his foreign ministry counterpart from North Korea a country also under US sanctions
Deanna Wagner | 09 August, 2018, 00:04

In comments carried by the Office of the President, Rouhani was said to have praised the two countries' "friendly and heartfelt relationship" and mutual support for each other, while warning that Washington should not be seen as trustworthy.

The national security adviser explained that the sanctions are meant to motivate the Iranian regime to "commit to give up their nuclear weapons program, their ballistic missiles, their support for terrorism". They had also proposed setting up accounts for the Central Bank of Iran in their national banks, he added.

The first round of reimposed USA sanctions targeting Iran's aviation and auto industries, as well as its banking system snapped back on Tuesday.

"China's commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions", it added in a faxed statement to Reuters.

"We still think that it is a mistake to give up on the nuclear accord with Iran", Maas said in an interview with the daily Passauer Neue Presse. A second round of sanctions against its energy sector will be reimposed on November 5.

Iran's currency has been in steady decline since the start of the year as the country anxiously awaits the re-imposition of full USA sanctions, trading at record lows and losing almost two-thirds of its value against the dollar.

China, Iran's top oil customer, buys roughly 650,000 barrels a day of crude oil from Tehran, or seven percent of China's total crude oil imports.

US senator presents letter to Putin from Trump
Paul later announced his own trip to Russian Federation , saying that he hoped to better relations between the two countries. Trump sparked outrage by accepting Putin's word over that of his intelligence agencies at a Helsinki news conference.

At current market rates, the imports are worth about $15bn. Turkey buys an estimated 9.5bn cubic metres of gas from Iran.

President Rouhani shot back at Trump via Twitter Tuesday night, suggesting Iran would continue trading with the "EU, Russia, China & dozens of our other trading partners".

European countries, hoping to persuade Tehran to continue to respect the deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.

Despite opposing claims from the USA and Israel, researchers from the International Atomic Energy Agency (IAEA) maintain that Iran continues to abide by its commitment in the deal.

"They fear the application of overwhelming American power, and as long as the overwhelming power is credible, they will be cautious in how they'll escalate", he said.

Iranian Foreign Minister Mohammad Javad Zarif branded as doomed to fail the U.S. attempt of stopping Tehran from exporting oil.

In a tweet, Mr Trump warned: "Anyone doing business with Iran will NOT be doing business with the United States".