State Bank of India says complying with USA sanctions against Iran

05 November, 2018, 23:33 | Author: Dave Hampton
  • Open to new deal with Iran: Trump

After initially promising to drive the country to zero exports of oil, the U.S. has offered a waiver to eight buyers of Iranian crude, a move that Secretary of State Mike Pompeo defended yesterday.

The United States 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. After the US' withdrawal from the deal, Trump signed fresh sanctions against Iran and warned countries against any cooperation with Tehran over its controversial nuclear weapons programme.

France, Germany, Britain, and the European Union issued a joint condemnation Friday of the United States move, vowing to protect European companies doing "legitimate" business with Tehran. The two countries have been enemies, on opposite sides of Middle East conflict, ever since. When questioned about whether the European Union or other nations or jurisdictions would receive waivers (or SREs, "significant reduction exemptions"), he answered "T$3 he EU will not be receiving an SRE". His comments come a day after Russian Energy Minister Alexander Novak said Moscow would continue to buy Iranian oil, even after USA sanctions go back into place on Monday.

Rouhani pledged to government officials in his remarks that Iran would overcome the USA embargo.

"They need a little bit more time to get to zero", Pompeo explained.

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The impact of the sanctions was felt early on, with their announcement in May driving many companies to abandon Iran, causing the value of its currency to plummet. "They're very serious sanctions. But they're not doing very well", he said, referring to the economic setbacks the country has already faced because of an earlier round of US sanctions.

First, keep in mind that in addition to these countries, Russian Federation is thumbing its nose at the USA pressure campaign and is assisting Iran in a variety of ways economically.

When asked whether the administration's efforts would push Iran closer to a nuclear bomb, he replied: "We are confident that will not happen".

On "Face the Nation" Pompeo confirmed that "European countries will not be permitted to do business with both the United States and with Iran".

And Washington has now reimposed all the sanctions which were suspended in 2015 - hitting crucial parts of Iran's economy including its lucrative oil industry. For now, Iran continues to abide by the accord which saw it limit its enrichment of uranium.

Pakistan's 'father of the Taliban' cleric killed in knife attack
The JUI-S chief was injured and was being taken to the hospital when he succumbed to his wounds on the way. The JUI-S chief headed a committee formed for peace talks with Tehreek-e-Taliban Pakistan (TTP) in 2014.

Second, although Saudi Arabia has said it will increase capacity by more than a million barrels...

In all, 700 Iranian entities will be added to sanctions lists on Monday, according to Treasury Secretary Steven Mnuchin.

The State Department said on Friday it has closed the "Obama-era condensate loophole", which allowed countries to continue importing the byproducts of oil and natural gas from Iran even while sanctions were in place.

Iranian officials, meanwhile, reported a cyberattack targeting the country's communication infrastructure, blaming the purported attack on Israel.

"America's goal in taking all these measures has been to regain the domination it had" prior to Iran's 1979 Islamic revolution that overthrew the pro-Western shah, Khamenei said.

Jamal Khashoggi’s body was ‘dissolved’ after murder, claims Turkish official
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