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Iran president says country will 'proudly' break United States sanctions by selling oil

05 Novembre 2018

On Monday, the US reimposed sanctions targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran.

Speaking in Tehran on Sunday, Brigadier General Hossein Salami said that Iran's power has reached a level, that "we can threaten the vital interests" of a country such as the U.S.

"The whole world understands that these sanctions are real, that they are important, that they drive the Iranian people's opportunity to make the changes in Iran that they so desperately want and stop Iran from having the wealth and money that they need to continue to foment terror around the world", Pompeo said.

How do other countries see it?

However, analysts doubt this will materially lessen the impact of sanctions on Iran.

"We have the knowledge and the capability to manage the country's economic affairs", Foreign Ministry spokesman Bahram Qasemi told state TV on Friday.

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

The US side was unmoved. "Iran is a much different country since I terminated that deal".

Later, a senior State Department official told reporters that that the USA was ready for talks with Iran.

However, President Donald Trump's personal lawyer Rudy Giuliani and John Bolton, the president's national security adviser, both have made public statements supporting overthrowing Iran's theocratic government.

"In May, Trump pulled the USA out of the 2015 landmark Joint Comprehensive Plan of Action (JCPOA) terming it as disastrous".

Mr Rouhani, meanwhile, pledged that Iran would overcome the sanctions.

Washington has so far not identified the eight.

Iran's military has said that it would hold air defence drills on Monday and Tuesday to prove the country's capabilities. "Perhaps a democratic administration will be more susceptible to a new deal that will reaffirm the JCPOA with a different nomenclature". Oil markets have already adjusted to the Iran sanctions, gradually dialing back imports in preparations.

Iran's national currency, the rial, now trades at 145,000 to one USA dollar - down from 40,500 to $1 a year ago. "That may spell the beginning of the end of the dollar hegemony".

In all, 700 Iranian entities were added to sanctions lists on Monday, according to US Treasury chief Steven Mnuchin.

This is true even where their governments have signaled support for Iran, as the sanctions would expose them to harm they can otherwise avoid.

India in particular already buys many weapon systems from Russian Federation and has chose to violate U.S. sanctions on Russian Federation to purchase its S-400 anti-aircraft system.

"These sanctions apply to those who conduct sanctionable transactions. But America's plots and its plans for sanctions will be defeated through continued resistance", said Jafari.

Mnuchin particularly spoke to SWIFT, an worldwide financial transactions messaging system. "It's our expectation that will be implemented as soon as technologically feasible".

In other words, China and the U.S. are already bleeding each other economically.

"Today the Iranian nation will show that Mr. Trump is too small to be able to bring Iran to its knees", said Ali Larijani, Iran's parliament speaker.

Under US law, exceptions can be granted for up to 180 days.

But proponents as well as the other parties to the deal - Britain, China, France, Germany, Russia, and the European Union - have vehemently defended it.

During the rallies, the demonstrators chanted slogans against the US and Israel and condemned US President Donald Trump's aggressive policies and stances against the Islamic Republic. "This is a substantial drop", she said, adding that the ultimate goal was to deprive the regime of revenue it gets from oil.

Luckily for India and big oil importers, global demand for crude oil has already started moderating. "We have also seen the decline of the rial".

Iran president says country will 'proudly' break United States sanctions by selling oil