Iran warn of ‘CONSEQUENCES’ as United States announces ban on oil exports

09 August, 2018, 00:05 | Author: Sheila Harris
  • TENSE IN TEHRAN: The President Slams Iran With 'MOST BITING SANCTIONS EVER IMPOSED'

North Korea is under U.S. and United Nations sanctions over its nuclear weapons programme.

"Isolating Iran could boost radical and fundamentalist forces", he said, adding that "chaos in Iran, as we have experienced in Iraq or Libya, would further destabilize an already troubled region".

President Donald Trump on Tuesday warned that firms doing business with Iran would be blocked from the US market as new sanctions hit the country despite appeals from Washington's allies.

In November, a second batch of potentially more damaging sanctions will be reinstated on Iran's port operators, and the energy, shipping, and shipbuilding sectors.

"The performance of the USA government over the years is such that today the United States is recognized as an unreliable country in the world that does not adhere to any of its obligations", the President said, calling for the "expansion of relations and cooperation" between Tehran and Pyongyang.

Donald Trump brought back the punishing sanctions after unilaterally pulling out of a landmark 2015 deal between Tehran and Western powers to halt Iran's nuclear ambitions.

Iran's foreign minister has said the United States will not be able to prevent the country from exporting oil.

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Help us grow and continue telling Israel's story to the world. But that has proved hard: European companies have quit Iran, arguing that they can not risk their USA business.

"The US withdrawal from JCPOA and re-imposition of its sanctions is a serious breach of its legal obligations under the United Nations Charter, which entails its global responsibility. I am asking for WORLD PEACE, nothing less!" tweeted the President. "Just ask EU, Russia, China & dozens of our other trading partners".

The first round of US sanctions reinstated against Iran this week makes clear to the Islamic Republic the Trump administration's willingness to financially squeeze the regime until it curbs its destabilizing behavior, according to regional experts.

'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. They had also proposed setting up accounts for the Central Bank of Iran in their national banks, he added.

"As a result of these measures, the U.S. has been isolated".

The European Union has also unveiled a "blocking statute" meant to mitigate the impact of the USA sanctions on European firms doing legitimate business with Iran.

Danish engineering company Haldor Topsoe, one of the world's leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to the new U.S sanctions on Iran, which made it very hard for its customers there to finance new projects.

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