Trump sanctions on Iran already hurting rogue regime

Trump sanctions on Iran already hurting rogue regime

Foreign Minister Mohammad Javad Zarif spoke by telephone with the European Union's foreign policy chief, Federica Mogherini, and his counterparts from Germany, Sweden and Denmark about European measures to counter the USA sanctions, the Iranian state news agency IRNA reported.

The European Union, France, Germany and Britain, parties to the nuclear agreement that are trying to keep it alive, said they regretted Washington's decision to re-impose sanctions.

United States of America sanctions on Iran will come in effect on November 5.

On Monday, November 5, the USA will not only be re-imposing the sanctions that were in place before the insane Iranian nuclear deal was entered into, but there'll be over several hundred designations, Pompeo said.

Senior US officials have warned that Washington will next week reimpose all sanctions on Iran that were lifted by the Obama administration after the 2015 nuclear agreement.

Another problem is that the product used in the SPV to trade with Iran may also violate secondary sanctions, says Leigh Hansson, head of worldwide trade and national security at Reed Smith.

So having sanctions back at the same time, on the same day basically, that the Iranians go to the streets to demonstrate against U.S. foreign policy, I don't know if it's a coincidence or it was designed, but I think more than what you see with regard to the Iranian public I think the Trump administration is looking at the midterm elections. An effigy of the US President Donald Trump, placed on huge prints of a 100 US dollar banknote, was burned outside the former US embassy, while others were seen burning actual dollars.

Meanwhile, Iranian state television reported that the Islamic Republic had started production of the locally-designed Kowsar fighter plane for use in its air force.

USA sanctions against importers of Iranian oil threaten the crude oil market´s precarious balance and risk surging prices, all under Saudi Arabia´s watchful gaze, according to experts. There are many ways to convince the U.S. that this is essential for the country. Some said they're already used to them, while others chose to downplay the effect.

Mnuchin says the US has informed SWIFT that it would be subject to USA sanctions if it provides financial transfer services to "certain designated Iranian financial institutions".

As the world waits to hear Trump's additional comments on sanctions, we have no doubt that some major memes in response to his tone-deaf tweet are coming.

The UK, France, Germany, Russia and China were also parties to the 2015 accord and have stuck to it, saying they will set up a new payment system to maintain business with Iran and bypass U.S. sanctions.

The US said the sanctions are not aimed at toppling the government, but at persuading it to radically change its policies, including its support for regional militant groups and its development of long-range ballistic missiles.

Sputnik adds: Tehran welcomes the United States decision to allow eight countries to continue buying Iranian oil after Washington reimposes its sanctions on Iran on November 5, Ali Kardor, managing director of the National Iranian Oil Company and Iranian deputy oil minister, said in an interview for the local ISNA news agency.

Last year, Taiwan imported 4 million barrels of oil from Iran, or 2.86 percent of its total imports, which would drop by half during the current year, according to CPC.

But for now, Iran seemed likely to try to endure the Trump administration's maximum pressure campaign, she said. He added it was pacing its actions to cut off the flow of crude oil according to the pace of additional supply of oil expected to come on the market from Russian Federation, the USA and Saudi Arabia early next year.

However, Mr Pompeo explained that some countries could not halt imports of Iranian oil immediately and they had been granted waivers on condition that they reduced them and eventually ended them entirely.

As Secretary of State Mike Pompeo put it, they aim to deprive "the regime of the revenues that it uses to spread death and destruction around the world".

Related Articles