United States imposes raft of stringent sanctions on Iran

United States imposes raft of stringent sanctions on Iran

On Friday, a few days before the sanctions came into effect, the United States granted waivers to eight Iranian oil importers, including Iraq, Turkey, India, China, South Korea and Japan.

US President Donald Trump has defended his decision to spare India and seven other major importers of Iranian oil from immediate penalties, saying it was done to keep the global oil prices down and avoid causing a "shock" to the market.

"President Trump's predecessors also began crafting their Iran policy with similar bravado; but came around to accepting and respecting the reality of Iran as they became more experienced in office".

The US sanctions have pitted Washington against several of its key allies in Europe, who remain committed to the nuclear agreement. It also covers an Iranian airline, Iran Air, and more than 65 of its aircraft.

"We will make sure that humanitarian transactions are really going for those purposes", said Treasury Secretary Steven Mnuchin.

Israel has been a fierce opponent of the 2015 Iran nuclear deal from which the USA withdrew this year, saying the deal didn't rein in Iran's regional military activities.

Since May, Europeans have said repeatedly that they want to preserve the nuclear deal and have focused their diplomatic efforts on keeping trade alive with Iran however possible.

He said more than 20 nations had already cut their oil intake from the Islamic Republic, and its exports had fallen by a million barrels a day.

According to a report by the US State Department, since 2012, Iran has spent $16bn on proxy groups in the region as well as support for Syrian President Bashar al-Assad.

In a statement issued over the weekend, the Kremlin's foreign ministry "strongly condemned" the new wave of USA sanctions, arguing that the move deals "another powerful blow to the Nuclear Nonproliferation Treaty (NPT)".

Rouhani separately said leaders from "four powers" met with Iran on the sidelines of the September meeting of the UN General Assembly to try to save the deal, including brokering a possible meeting with Trump. External Affairs minister Sushma Swaraj and Pompeo had discussed the issue of oil imports from Iran. The sanctions freeze any assets that those targeted have in US jurisdictions and bar Americans from doing business with them.

Pompeo promised that the United States will be "relentless" in pressuring Iran as he announced the temporary exemption list.

While Chief Cabinet Secretary Yoshihide Suga declined to detail any potential sanction waivers, he said his government had asked Washington that sanctions should not have an adverse impact on Japanese companies.

A new round of punishing sanctions on Iran's energy, banking and shipping sectors went into force overnight on Monday.

Alamolhoda, an influential figure on the government's Assembly of Experts, told his followers that Iran would launch a missile attack against "all Persian Gulf countries" in the event its oil markets are curtailed. "We are prepared to resist any pressure", Rouhani said.

Pompeo said that the eight had demonstrated that they were reducing purchases of Iranian oil and that the United States recognised special circumstances, as well as the need not to disrupt energy markets.

"The Iranian people have had 39 years of economic mismanagement".

Mr Pompeo said more than 100 global companies had withdrawn from Iran because of the looming sanctions.

Asked if the U.S. had firm commitments from India and China to stop all oil purchases from Iran within six months, Pompeo replied: "Watch what we do".

"Of course, we welcome these developments".

Related News:



Most liked

PG-13 Deadpool Christmas Movie Called Once Upon A Deadpool
Once Upon a Deadpool will be released in theaters on December 12 for a limited engagement that concludes on Christmas Eve. In the time since, we've heard very little about what's going on with that project, but today we've got quite an update.

Mother of Girl Scouts hit-and-run victim: "There was no warning"
Daniel Sokup says the pickup crossed a lane Saturday morning and veered into a roadside ditch, striking the victims. Judy Schneider said her 6-year-old grandson doesn't understand that they're gone.

Venezuela seeks to repatriate $550m of gold from Britain
Maduro says his government is victim of an "economic war" led by the opposition and fuelled by Washington's sanctions. A new round of anti-Venezuelan sanctions was introduced by the White House last week.

Tamil Rockers Threatens to release HD Print of Sarkar!
The leak of the full version of the movie by the website, which is known for hosting pirated versions of films, has enraged fans. We strongly urge our readers to stay away from such websites let alone downloading any content from these sites.

Dozens of Facebook pages and Instagram accounts removed
The announcement came shortly after U.S. law enforcement and intelligence agencies said that Americans should be wary of Russian attempts to spread fake news.

Upset At Jamal Murray’s Final Shot, Kyrie Irving Throws Ball Into Crowd
Boston didn't go down without a fight and any time they got a bucket Murray had a response. My emotions just took over like it did with the Lakers a year ago .

Germany’s Merkel says she can work well with any successor
Merkel ousted Merz as conservative parliamentary leader in 2002 and many doubt they could work together. The CDU women's caucus backs Kramp-Karrenbauer, Frankfurter Allgemeine Sonntagszeitung reported.

Ariana Grande’s Breakup Anthem Has Become a Wholesome Meme
Her latest single release comes as fans have discovered what appears to be a secret album of unreleased material. It reads: 'Right now I'm in a state of mind, I wanna be in like all the time'.

Bluetooth certification indicates new AirPods are coming
Now, the latest patent filing reveals three new classes - 10, 14 and 28. It looks like the new AirPods are finally coming.

Reds Minor leaguer killed, 2 injured in car accident
The right-hander posted a 2.24 ERA and 77 strikeouts over 51 innings, while accumulating a 2-4 record. A number of baseball players have died in auto crashes in the Dominican Republic in recent years.

Jazz guard Donovan Mitchell out vs. Raptors with ankle sprain
Beasley's 3-pointer gave the Nuggets a 79-77 lead and Plumlee beat the shot clock with another 3 that increased the lead to five. The Nuggets were desperate for any offensive production or positive momentum, but received none for the entirely of the quarter.

Mark Taylor steps down from Cricket Australia board
Belinda Clark, who works at Cricket Australia , although she's doing a very fine job there. Behind the scenes there is an appetite among some for more blood.

Elon Musk Hints at Bringing His Business to India
In February, Elon Musk's SpaceX launched a Tesla Roadster auto manned by Starman , a mannequin in an astronaut suit, into the sky. Tesla has often struggled to hit its chief executive's ambitious production forecasts.

Cascade Lake-AP Xeon CPUs embrace the multi-chip module
Intel says that Cascade Lake processors will be arranged in multi-chip packages with CPUs that offer up to 48 cores per socket. All processors support dual-channel DDR4-2666 memory and feature a TDP ranging from 71 watts up to 95 watts for the flagship.

Idris Elba Named Sexiest Man Alive 2018
He also took the opportunity to encourage his followers to vote in the upcoming United States midterm elections. The actor is set to return to our screens very shortly, with series five of Luther on the way.