Thursday, 15 November, 2018

US drops the sanctions hammer on Iran ... again

Iran's Supreme Leader Ayatollah Ali Khamenei Open to new deal with Iran: Trump
Charlie Simmons | 05 November, 2018, 13:58

Anger and distrust of the United States is surging again following President Donald Trump's decision to withdraw from Iran's nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration.

"Today, it's not just us who are angry with America's policies". He qualified that transactions for "humanitarian" purposes would be exempt, as they had been in the past, but cautioned that "banks must be very careful that these are not disguised transactions". "[Iran] wanted to take over the whole Middle East".

Washington is re-imposing the sanctions after Mr Trump in May pulled out of a 2015 accord aimed at curbing Iran's nuclear ambitions.

"We are in the war situation", he said. He did not name those countries, but was likely referring to China, France, Russia and Britain, which along with Germany made up the world powers involved in the 2015 nuclear deal. "They will definitely have a gradual escalating impact on economic conditions and, subsequently, on the relations between Iran and the US".

"In the medium term, it will backfire; the U.S. and its allies will lose influence, while Iran will gain confidence and power", he wrote on the website of the Middle East Eye.

Iranian students stormed the embassy shortly after the 1979 Islamic Revolution, taking 52 Americans hostage for 444 days.

Thousands of Iranians chanted "death to America" at a rally in Tehran yesterday as the country's leaders remained defiant in the last hours before fresh U.S. sanctions came into force.

According to the analyst, Iranian officials are keen to turn the sanctions into an opportunity and a "big win" through weaning the country's economy off oil.

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"In a single move, the United States is dealing a critical blow to Iran's entrenchment in Syria, Lebanon, Gaza, Iraq and Yemen", the minister posted in a rare English-language tweet.

Crude oil markets topped out with WTI reaching 75.00 per barrel only a month ago, but a crushing wave of crude production is threatening global oil markets' two-year bullish extension.

The relaxation may offer major reprieve to India that has been importing close to 10 per cent of its oil needs (about 500,000 barrels of oil per day) from Iran.

However, the U.S. is expected to give a short-term waiver to eight countries which could include India because of its commitment to significantly reduces the import of oil from Iran.

Well, Chris, the sanctions that will be reimposed tomorrow are the toughest sanctions ever put in place on the Islamic Republic of Iran.

The rollback ends USA participation in the Obama-era accord, which now hangs in the balance as Iran no longer enjoys the billions of dollars in sanctions relief it was granted under the deal in exchange for curbs on its nuclear program.

A woman holds a picture of Ayatollah Khamenei, Iran's supreme leader. "We are in the economic war situation".

One user tweeted in English: "Over the past 40 years, the Islamic regime of Iran tried to present the United States and Israel as Iran's enemies".

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