Iran Sanctions Kick In

Khamenei was speaking on the eve of the anniversary of the 1979 takeover of the US embassy in Tehran

Khamenei was speaking on the eve of the anniversary of the 1979 takeover of the US embassy in Tehran

The US will unleash its "toughest ever" sanctions against Iran on Monday following a wave of protests across the oil-rich country.

On Sunday, hard-liners vented their rage at a new American president, Donald Trump, who pulled the United States out of the nuclear deal struck by his predecessor that the United Nations said Tehran still honours.

Negotiations with United States are on to see if it could offer oil and gas on concessional terms from its own reserves to help India tide over Iran sanctions.

However, the United States is expected to give a short-term waiver to eight countries which could include India because of its commitment to significantly reduces the import of oil from Iran. "We will ultimately move Iran to zero crude oil". "They wanted to take over the whole Middle East".

Iran's Foreign Ministry spokesman Bahram Ghasemi also predicted the sanctions will actually work against America's interests.

The reimposition comes as Trump and Congress focus on congressional and gubernatorial elections in the U.S. Many will see the results as a major triumph for the president, or a political blow.

The ghost of U.S. sanctions on Iran seems to have calmed down at least for major energy importing countries like India.

"Iranian exports and production had been declining steadily in advance".

In an interview with the Fox News Sunday program on November 4, Pompeo said the nations receiving waivers "need a little bit more time to get to zero".

The European Union has established a mechanism to permit its multinational companies to maintain presences in Iran, but all signs are that the USA sanctions will be dissuasive. "And we're going to provide that to them". 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.

Iran has dismissed these charges and continues to keep its stand that its nuclear programme is for peaceful purposes. "We are in the economic war situation".

"Mr. Trump! Never threaten Iran because moans of the frightened US forces in Tabas can still be heard", Gen. Jafari said, referring to the failed American mission to rescue the hostages known as Operation Eagle Claw.

Saudi Arabia is the only country with the capacity to make up for lost Iranian oil production.

And in recent days US Treasury Secretary Steven Mnuchin said the US would "aggressively" target any firm or organisation "evading our sanctions".

"Unlike in prior administrations, we will ensure that the money is not spent on illicit activities, that there isn't any leakage in these escrow accounts, and we will work closely with countries to encourage the sale and purchase of humanitarian goods to benefit the Iranian people".

Students at the government-organised march in the capital burned pictures of Donald Trump, the US President, and the US flag to mark the seizure of the US Embassy during the 1979 Islamic Revolution.

"The Islamic Republic of Iran can and will sell its oil", said Rouhani, adding "even if these eight countries had not received exemptions, we would still sell our oil".

Whether the exemptions, or the willingness of powerhouse Asian countries to help Iran weather the U.S. sanctions, will mean the sanctions are insufficient to change the Islamic Republic's behavior remains to be seen.

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