Monday, 12 November, 2018

USA says it stands with Iranians as sanctions hit Tehran

Khamenei Trump Iran’s Khamenei ‘World Opposes Every Decision Made By Trump’ Getty 4 Nov 2018
Leonard Rios | 06 November, 2018, 01:42

The comments on "Fox News Sunday" come a day before US sanctions on Iran's energy and shipping are due to snap back following President Donald Trump's decision to withdraw from the 2015 multilateral nuclear agreement.

"Today, Iran is able to sell its oil and it will sell", Rouhani said on Monday as the sanctions kicked in.

In all, eight countries will receive temporary waivers to allow them to continue importing Iranian oil after the penalties take effect.

Monday's announcement specified which countries are getting those waivers, and they include Iran's top oil customers China and India.

"All eyes will be on Iranian exports, whether there will be some cheating around U.S. sanctions, and on how quickly production will fall", said Riccardo Fabiani, an analyst for Energy Aspects.

It also covers an Iranian airline, Iran Air, and more than 65 of its aircraft.

"Our ultimate goal is to convince the regime to abandon its current revolutionary course", Pompeo said announcing the sanctions on Monday.

US Secretary of State Mike Pompeo said: "The Iranian regime has a choice: it can either do a 180-degree turn from its outlaw course of action and act like a normal country, or it can see its economy crumble".

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In an interview with "Fox News Sunday", Pompeo refused to reveal which countries received waivers from USA sanctions to continue importing Iranian oil.

Turkey is among eight nations granted temporary waivers from sanctions the US reimposed Monday on Iran's oil sector.

Iran said it would defy tough sanctions reimposed by Washington on Monday, dismissing as "economic war" the US drive to curb Tehran's missile and nuclear programs and diminish its influence in the Middle East.

The sanctions end all economic benefits the United States had granted Tehran for its 2015 nuclear deal with world powers, though Iran for now continues to abide by the accord that saw it limit its enrichment of uranium. Iran denies the allegations.

Every year on the 13th day of the Iranian month of Aban (which this year falls on November 4), the Iranian nation, particularly students, hold rallies across the country to mark the day. They are the strongest sanctions we've ever imposed. It was also allowed to continue financial transactions with the Middle East country, it said.

The Iranian military said it would launch two days of air defence drills on Monday and assured Iranians that it could neutralise any threats, the state news agency IRNA reported.

As NPR's Colin Dwyer reported recently, "Since May, when President Trump vowed to unilaterally pull the USA out of the Joint Comprehensive Plan of Action, his administration has telegraphed its intentions to restore the sanctions that had been lifted as part of the pact". Meanwhile, global economic slowdown concerns combined with mounting concerns over rising crude output from the world's top 3 oil producers, Russia, the U.S. and Saudi Arabia, also added to the weight on the commodity. "We have to stand to win", Mr. Rouhani said in a statement.

"We will proudly break the sanctions", he said at a meeting of economic officials.

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