Tuesday, 21 August, 2018


Iran vows to continue oil exports despite Trump's threats

Daimler has a long presence in Iran where it sold up to 10,000 vehicles a year before 2010 Daimler has a long presence in Iran where it sold up to 10,000 vehicles a year before 2010
Bennie Garza | 09 August, 2018, 00:06

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".

Washington has already issued the first sanctions against Iran on August 6.

Trump tweeted on Tuesday: "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level".

Mohammad Javad Zarif told the Iran newspaper that President Donald Trump's goal of forcing the rest of the world not to buy Iranian oil was impossible.

Later, Mr Zarif responded on Twitter by writing: "Tantrums & CAPPED TWEETS won't change the fact that the world is sick & exhausted of USA unilateralism".

The top US general in the Middle East on Wednesday said the military remains "extraordinarily vigilant" about Iranian movements in the Persian Gulf following last week's Iranian naval exercise in and around the Strait of Hormuz.

The visit by North Korean Foreign Minister Ri Yong-ho to Tehran coincides with the Trump administration's re-implementation of sanctions on Iran.

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

Among large European companies that have suspended plans to invest in Iran are France's oil major Total and its big carmakers, PSA and Renault.

With natural gas accounting for almost 40 percent of Turkey's electricity production, Donmez said that Turkey would continue this trade, as "we can't possibly leave our citizens in [the] dark".

"America has zigzagged constantly, so now no one trusts them", he said.

In Tehran, Iranian Foreign Minister Mohammad Javad Zarif was quoted by an Iranian newspaper as saying that a USA plan to reduce Iran's oil exports to zero would not succeed.

US officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to force Tehran to halt its nuclear and missile programs and involvement in regional conflicts in Syria and Iraq.

The new United States sanctions, imposed on Tuesday, target Iran's access to dollars and its ability to trade in gold and other precious metals.

Just one day after the United States issued their first set of sanctions were issued, Ms Mogherini said: "We are doing our best to keep Iran in the deal, to keep Iran benefiting from the economic benefits that the agreement brings to the people of Iran, because we believe this is in the security interests of not only our region but also of the world".

Few American companies do much business in Iran so the impact of sanctions mainly stems from Washington's ability to block European and Asian firms from trading there.

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