Published: Mon, November 05, 2018
Worldwide | By Myra Stephens

Iranians rally to mark anniversary of US Embassy takeover

Iranians rally to mark anniversary of US Embassy takeover

The president says his "maximum pressure" strategy is working.

Private companies and banks in those countries are unwilling to make enemies of the US Treasury and a most worldwide firms that set up in Iran after the 2015 deal have been forced to leave, including France's Total, Peugeot and Renault, and Germany's Siemens. "The new sanctions might prove to be costly if the Kingdom of Saudi Arabia, with spare production capacity, is unable or unwilling to put more oil in the market". They're very big. They'll be elevated from there.

It offered Iran sanctions relief in exchange for reducing its nuclear development.

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

The other parties to the nuclear deal - Britain, France, Germany, China and Russian Federation - opposed the United States move and say the accord is working as intended in keeping Iran from obtaining nuclear weapons for now.

"All eyes will be on the outcome of negotiations on possible waivers to US sanctions on Iran".

Iran has dismissed these charges and continues to keep its stand that its nuclear programme is for peaceful purposes. We've done all of this, too, Chris, while making sure that American consumers don't suffer. WTI barrels are now testing the 62.60 region, playing to the downside in early trading after the US' Friday announcement of Iran sanction oil-buying waivers.

But US Secretary of State Mike Pompeo vowed to push Iran's oil sales to zero.

He said: "I announce that we will proudly bypass your illegal, unjust sanctions because it's against global regulations".

The US side was unmoved.

How did we get here?

"That's a good thing for American consumers", Pompeo said.

Washington's top diplomat refused to comment on what specific actions the Trump administration may take against Moscow and Beijing, should both countries decide to continue to do business with Tehran.

South Korea said on Monday it had been granted a waiver, at least temporarily, to import condensate, a super-light form of crude oil, from Iran. Experts predict oil exports will drop further in the near future. "Watch as we've already taken more crude oil off the market than any time in previous history".

According to The Guardian however, "inside Iran. people are on tenterhooks".

Israel, which considers Iran an existential threat and opposed the deal from the beginning, broadly welcomed the US's exit from the deal and the reimposition of sanctions. "Until then, our historic sanctions will remain in full force", he said. Rouhani separately said leaders from "four powers" met with Iran on the sidelines of the September meeting of the United Nations General Assembly to try to save the deal, including brokering a possible meeting with Trump.

On Friday, the Trump administration announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored after President Donald Trump withdrew the US from the 2015 nuclear agreement in May.

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