Iran will sell its oil despite U.S. sanctions - President Rouhani
05 November, 2018, 12:12 | Author: Brooke Harris
The move restored US sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama, and added 300 new designations in Iran'soil, shipping, insurance and banking sectors.
The country has greeted the re-imposition of United States sanctions with air defence drills and an acknowledgement from President Hassan Rouhani that the nation faces a "war situation".
The measures described by Washington as "the toughest sanctions ever" follow Trump's controversial decision in May to abandon the multi-nation nuclear deal with Tehran.
Speaking in Tehran on Sunday, Brigadier General Hossein Salami said that Iran's power has reached a level, that "we can threaten the vital interests" of a country such as the U.S.
On Friday (November 2), the Trump administration announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored from November 5th.
The US has been trickling out a list of 12 demands Iran must meet if it wants to see sanctions lifted ahead of their reimposition on Monday.
In this regard, India is also looking to adopt the strategy as it developed prior to 2015 when a West-imposed sanction on Tehran affected supplies.
Contrary to what he called "fueled misinformation", he stated that SWIFT, "if it provides financial messaging services to certain designated Iranian financial institutions...could be subject to sanctions".
Mr Pompeo has said that over 100 big global companies had withdrawn from Iran because of the looming sanctions.
"We will, we expect, have reduced Iranian crude oil exports by more than 1 million barrels even before these sanctions go into effect", he added.
"The Iranian people are feeling the economic pressure at their dinner tables and we complain about this, but it will not make Iranian people give up Islam, their values and the [Islamic] Revolution because of rising prices", he said.
Other parties to the deal, including Britain, France, Germany, China and Russian Federation, have said they will not leave.
In the capital city of Tehran, the rally was held at the venue of the former U.S. embassy, which is known by Iranians as the "Den of Espionage". "We are prepared to resist any pressure", Rouhani said.
Iranians have taken to the streets chanting "Death to America" to protest the reimposition of U.S. sanctions on oil exports, timed to coincide with the anniversary of the United States embassy takeover during the 1979 Islamic Revolution.
Mr Rouhani said on state TV on Monday his nation was is in a "situation of economic war" and was "confronting a bullying power".
Image copyright Getty Images Image caption Supreme Leader Ayatollah Ali Khamenei said the U.S. would not dominate Iran.
"Iran is a much different country than it was when I took office", said Trump, adding: "They wanted to take over the whole Middle East. The new sanctions might prove to be costly if the Kingdom of Saudi Arabia, with spare production capacity, is unable or unwilling to put more oil in the market".
Iran is already in the grip of an economic crisis.
The 11 original members will organise and control the European Super League by registering a joint company in Spain. Bayern Munich have dismissed reports that they are leading talks over a breakaway European Super League .
Fire Chief Roman Clark told the Baltimore Sun a 50-foot wall fell down at the Amazon Fulfillment Center as a storm hit the area. At least two people are dead after a partial building collapse on Friday night at an Amazon warehouse in Baltimore.
In the evening, Chopra posted a brief video of herself giving Turner a piggy-back ride as they strolled through town. Meanwhile, Sophie Turner said yes past year when Nick's brother, Joe Jonas popped the question in October 2017.
Quoting a senior USA administration official, Bloomberg News reported that the eight parties include Japan, India and South Korea. Meanwhile, there are supply disruptions in other key OPEC countries, including Venezuela and Angola.
The hosts tried to rally immediately after the break but Hugo Lloris denied Jimenez, Helder Costa and Neves in quick succession. DF Davinson Sanchez, N/R - Came on at 3-2 to reinforce a vulnerable rearguard and helped his side to crawl over the line.
Substitute Ander Herrera was excellent and almost scored, with fellow sub Rashford scoring the vital late goal from close range. Among the attractions Sanchez visited was Hoa Hakananai'a, a statue taken by a British crew from Chile's Easter Island in 1868.
Average hourly earnings rose 3.1 percent in October from a year earlier, the sharpest year-over-year gain since 2009. An influx of new job-seekers increased the proportion of Americans with jobs to its highest level since 2009.
We're going to spend more time together now, have got another week but to get that result and being mentally tough was important. The incident was a major talking point after South Africa agonisingly lost 11-12 to the hosts at Twickenham.
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Police closed off a section of McGee Side Road between the westbound off ramp of Highway 417 and William Mooney Road. The Transportation Safety Board confirmed Sunday afternoon it was deploying a team of investigators to the scene.