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Iran will break U.S. sanctions by selling oil: Pres. Rouhani

05 Novembre 2018

Iran's President Hassan Rouhani has vowed to "break" swingeing sanctions re-imposed by the U.S. targeting core parts of the economy.

Iran has greeted the re-imposition of United States sanctions with air defence drills and an acknowledgement from President Hassan Rouhani that the nation faces a "war situation".

"They're the strongest sanctions we've ever imposed", said President Donald Trump en route to a rally in Georgia on Sunday evening, hours before the sanctions on Iran's energy, shipbuilding and banking sectors kicked in at midnight.

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

"America wanted to cut to zero Iran's oil sales.but we will continue to sell our break sanctions", Rouhani told economists, adding the sanctions were illegal and unfair.

"America has launched an economic and psychological war as a last resort".

"I don't think that in the history of America, someone has entered the White House who is so against law and worldwide conventions".

"Constantly they are sending us messages saying, 'Let's sit and negotiate.' Negotiations for what?" said Mr Rouhani. 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.

Pompeo said earlier on CBS' "Face the Nation" that he was "confident" Iran would not restart its nuclear program with the USA withdrawing from the deal. One can presume that the message is meant to be commentary about the country's supposedly impending sanctions against Iran, but at the same time, it's always rather hard to ascertain exactly what the notoriously uninformed president is trying to speak about.

Iran's biggest oil customers - all in Asia - have been seeking waivers to sanctions to allow them to continue buying some of the Islamic Republic's oil.

He said two would eventually stop imports and the other six greatly reduce them. Iranian oil is a lucrative buy for refiners as the Persian Gulf nation provides 60 days of credit for purchases, terms not available from suppliers of substitute crudes - Saudi Arabia, Kuwait, Iraq, Nigeria, and the US.

On Friday Secretary Mnuchin and Pompeo held a conference call with reporters explaining the scope of sanctions.

It is believed that the new sanctions will compel Tehran to renegotiate the Joint Comprehensive Plan of Action (JCPOA). The other signatories - Britain, France, Germany, Russia and China - remain committed to the accord.

The move is to curb Iran's missile and nuclear programs and counter its growing military and political influence in the Middle East, according to Reuters.

U.S. Secretary of State Mike Pompeo said on Sunday the penalties returning on Monday were "the toughest sanctions ever put in place on the Islamic Republic of Iran". Most Europeans, as well as Japan and South Korea, have stopped.

They blamed Israel for the attack and said it targeted Iran's communications infrastructure, without elaborating.

Iran will break U.S. sanctions by selling oil: Pres. Rouhani