US to exempt Japan from Iran oil sanctions

04 November, 2018, 20:35 | Author: Orlando Hughes
  • Donald Trump and Iran President Hassan Rouhani. —AFP

Smashing another remnant of Barack Obama's reign and throwing some red meat at red states at the same time, the administration was quick to get out the word that "President Donald J. Trump is reimposing the toughest sanctions ever on Iran, targeting numerous corrupt regime's critical sectors".

The US on Friday granted an exemption to eight countries including India to continue buying oil from Iran. "In 2019, our projections are that oil supply will exceed demand, and that creates a much better atmosphere for us to bring remaining nations to zero as quickly as possible", Hook said.

The problem with forcing Iran's hand, says Iran sanctions expert Barak Seener, is that even without the EU, Tehran maintains key support from Asia.

USA officials said they were determined to force Tehran to give up its nuclear activities and what the USA 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. Pompeo said they are created to "alter the Iranian regime's behavior", especially its support of terrorist groups like Hezbollah.

Thousands of other protesters pressed around the compound, responding to a call by the country's new leader, Ayatollah Khomeini, to attack USA and Israeli interests.

Pompeo and Treasury Secretary Steven Mnuchin were expected to provide more details on the sanctions at a briefing Monday.

Among events held on the embassy anniversary was a cartoon exhibit called "Donald Salman" - a reference to the close ties between the US President and King Salman, ruler of Iran's arch-rival for regional predominance, Saudi Arabia.

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 ministry, in a statement, said the United States sanctions were a violation of the JCPOA, UN resolutions and "a neglect of humane, moral and ethical values".

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The reimposition of sanctions "is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world", Pompeo said.

Trump said the deal, approved by predecessor Barack Obama, was weak and flawed in Iran's favour.

As a result of the latest sanctions, he said the U.S. expects to have reduced Iranian crude oil exports by more than 1 million barrels even before these sanctions go into effect.

The White House has confirmed it is to reinstate all previous United States sanctions on Iran that were removed under the 2015 nuclear deal. Cabinet officials also pushed back on criticism from opponents of the deal that the United States is not going far enough to fulfill the administration's goal of "maximum pressure" on Iran.

"Iran's oil exports are falling rapidly, and perhaps more and more in the weeks to come", Fatih Birol, executive director at the International Energy Agency, said in a Bloomberg television interview.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Saturday the USA has been trying for the past 40 years to regain the domination it had over Iran under the Shah but to no avail. "It is obviously impossible to exclude Iranian oil from the market", Kardor told ISNA.

Turkey depends heavily on oil imports and almost nearly half of its oil needs are imported from Iran.

The agreement saw Iran limit its controversial nuclear activities in exchange for sanctions relief. Iranian oil was of a quality which necessitated added refining before it could be used, CNA reported.

"Mr. Trump both tries to decrease Iran's oil exports significantly and also wants prices not to go up".

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