European Union backs Iran trading system but warns on Syria, missiles

European Union backs Iran trading system but warns on Syria, missiles

Iran announced the "successful test" of a new cruise missile with a range of over 1,350 kilometres on Saturday, coinciding with celebrations for the country's 1979 Islamic revolution.

The missile, named Hoveizeh, was displayed in a ceremony attended by Defense Minister Amir Hatami.

Cruise missiles with a range of over 1,000 km are classified as long range.

In the 37-second video on the ministry website, the launch was shown from different angles with the projectile finally hitting somewhere in the desert.

Iran said in January its bid to launch a satellite failed after Tehran ignored U.S. warnings to avoid such activity.

Since agreeing to a 2015 nuclear deal with world powers, Iran has expanded its missile program despite warnings from the United States.

A UN Security Council resolution that enshrined Iran's 2015 nuclear deal with world powers called upon Tehran to refrain for up to eight years from work on ballistic missiles created to deliver nuclear weapons.

Brussels added two Iranian individuals to its terrorist list and European officials have repeatedly said that the bloc wants to continue to pressure Iran in order to curb the Islamic Republic's ballistic missile programme. "The Council calls on Iran to take all the necessary measures to fully respect all relevant UN Security Council resolutions related to the transfer of missiles and relevant material and technology to state and non-state actors in the region", the document noted.

New doubts about the survival of the 2015 global nuclear deal with Iran emerged on Monday, as the head of the Islamic Republic's judiciary slammed the European Union for imposing "humiliating conditions" on a new trading mechanism created to circumvent U.S. sanctions on the Tehran regime. On withdrawal, the United States also re-imposed its so-called primary sanctions against Iran and secondary sanctions against countries that continue to do business with it.

"Iran will never accept their odd and humiliating conditions of joining the FATF (the Financial Action Task Force) and negotiations on its missile program".

"If today the Europeans or others try to plot and pursue Iran's missile disarmament, then we will be forced to resort to a strategic leap", Fars cited Salami as saying, an apparent threat that Iran may seek to boost the range or the number of the missiles.

France, Germany, and Britain unveiled INSTEX, which is a Special Purpose Vehicle (SPV), on Thursday to facilitate "legitimate trade between European economic operators and Iran".

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