Monday, 12 November, 2018

USA to Grant Waivers to Some Countries Importing Iran Oil

Trump announces renewed Iran sanctions in lighthearted tweet critics say the move raises the risk of war Donald Trump Goes All ‘Game Of Thrones’ With Iranian Sanctions Reimposition
Leonard Rios | 04 November, 2018, 21:56

The Trump administration is reinstating all U.S. sanctions on Iran that were removed under the 2015 nuclear deal.

The US aims to cripple the Iranian economy to pressure Tehran to halt its nuclear activities and what the US says is broad support for "terrorism" in the region, Pompeo said.

Iranians have held rallies across the country to mark the anniversary of the 1979 takeover of the USA embassy in Tehran. "SWIFT now must make a choice", he said: refuse to deal with Iran banks on the United States blacklist, or face sanctions itself.

Iran's annual rally to mark the storming of the United States embassy and hostage-taking of 1979 had particular significance on Sunday (Nov 4) on the eve of renewed sanctions by Washington.

"It looks like they'll open another channel, maybe another bank, and keep importing sizeable amounts, but there's still a lot to work out", he said. Under the Obama-era deal, involving five permanent members of the UN Security Council and Germany, Iran agreed to stop its nuclear programme in exchange for relief from economic sanctions.

Barack Obama, the U.S. president at the time, had argued the deal would prevent Iran from developing nuclear arms. "We have the knowledge and the capability to manage the country's economic affairs", Iran's Foreign Ministry spokesman, Bahram Qasemi, told state television. The two actresses were clearly not happy about Trump's decision to use their show's promotional materials for his own political gain and HBO even accused him of "trademark misuse". On Monday, the U.S. pullout from that deal will be complete, with sanctions back in place.

In a speech on Saturday, Khamenei said Trump's policies faced opposition around the world.

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He set out 12 demands that Iran must meet in order to have the sanctions lifted. The impact remains in question as other countries, particularly Washington's European allies, are resisting joining its effort to economically strangle the Tehran regime.

The United States believes global oil supplies will exceed demand next year, making it easier for countries to cut Iranian oil imports to zero, Brian Hook, the US special representative for Iran, told reporters.

Earlier, Bloomberg reported that South Korea, India, and Japan are among the exempted countries. The International Atomic Energy Agency (IAEA) has confirmed in twelve consecutive reports that Iran is abiding by its commitments under the Agreement.

Former foreign secretary Shashank told Oneindia, "See!" "But banks must be very careful that these are not disguised transactions or they could be subject to certain sanctions".

United States officials said they were determined to force Tehran to give up its nuclear activities and what the U.S. says is broad support for "terrorism" in the region, reimposing severe economic penalties six months after President Donald Trump's administration quit the 2015 Iran nuclear deal.

The United States is challenging Russian Federation for the title of top producer, with US crude production C-OUT-T-EIA now above 11 million bpd. "So it must be given concession in buying oil with Iran and this is what was required and done".

Going after Iran´s oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market - Iran is the OPEC cartel´s third-largest producer - with major consequences for world supply.

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