Wednesday, 22 August, 2018


Donald Trump warns countries against doing business with Iran

President Trump reimposes sanctions to levy economic pressure on Iran Iran FM says Trump, Mohammed Bin Salman, Netanyahu are ‘isolated’
Bennie Garza | 07 August, 2018, 14:40

The so-called snapback sanctions target Iranian purchases of US dollars, metals trading, coal, industrial software and its auto sector.

Heavier US sanctions, aimed at Iran's oil sector, are due in November.

"The world has distanced itself from their hostile policies", Zarif said, adding that they "have become the symbol of mistrust in the world".

Meanwhile, US President Donald Trump said Monday he remains open to forging a new nuclear deal with Iran, as he confirmed Washington will go ahead with re-imposing sanctions against Tehran.

The European Union's diplomatic chief Federica Mogherini said the bloc deeply regretted Washington's move.

"We've seen company after company announce that they are getting out of Iran", the officials said. "Individuals or entities that fail to wind down activities with Iran risk severe consequences".

The Europeans didn't like any of it.

He blasted the agreement yet again Monday, calling it a "horrible, one-sided deal (that) failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb".

Iran's rial currency has lost half its value since April under the threat of revived United States sanctions.

Much of the damage has already been done, with Trump's aggressive rhetoric fueling a run on the rial in recent months, while worsening inflation has stoked public protests against the government's management of the economy that have intensified over the past week.

They said that Americans stand with the Iranian people in their demands in recent protests, mainly against how the Iranian regime is taking money from the country to fund militias and wars overseas.

Iran Sanctions

But his Iranian counterpart Hassan Rouhani dismissed the idea of talks while crippling sanctions were in force.

"US hypocrisy knows no bounds", he said.

Most Iranians see U.S. hostility as a basic fact of life, so their frustration is largely directed at their own leaders for not handling the situation better.

During an interview with Fox News, National Security Advisor John Bolton detailed the move and called on the regime to end its "belligerent" behavior.

Secretary of State Mike Pompeo is echoing Bolton's statements.

He said Iran's leaders may need to "drink the poison cup" and negotiate with the US.

"Looking at the region from Yemen to Syria to Gaza, the Iranian regime is using the resources they had got from the Joint Comprehensive Plan of Action [the official name of the 2015 deal] to spread human misery across the region, instead of investing it in their people at home", an official said.

Hailing the law, Mr Burt said it would protect European businesses.

Israeli Prime Minister Benjamin Netanyahu hailed the renewed sanctions as "an important moment for Israel, for the United States, for the region, for the whole world".

He called on the countries of Europe to join the USA, saying, "The time has come to stop talking; the time has come to do".

United States officials estimate that almost 100 global companies have announced their intent to leave the Iranian market, particularly in the energy and the finance sectors, he said.

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