Iran vows to attack oil trade if USA sanctions bite
Jul 04, 2018, 13:39
Iran will allow private companies to export crude oil, part of a strategy to counter USA sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday.
And China, Iran's biggest buyer, will be even tougher to persuade to limit purchases.
It's a point that Trump is sure to drive home when he arrives at the North Atlantic Treaty Organisation summit next week in Brussels, and days later in Moscow when he meets with Russian President Vladimir Putin.
Rouhani asserted that Iran will not buckle under United States pressure and urged dialogue to resolve the differences between the nations.
A large bulk of Iran's oil revenues and banking ties will be at stake if neither can be protected by the EU.
August 6 November 4 Iran restrictions on dollar purchases Sanctions on oil-related transactions Sanctions on gold, precious metal trades Sanctions on transactions with Iran Central Bank Sanctions on supply of graphite, aluminum and industrial software Sanctions on supply of specialized financial messaging software Sanctions on automotive sector Sanctions on underwriting and insurance services Sanctions on purchase, facilitation of Iranian debt Sanctions on energy sector With assistance from Golnar Motevalli and Jade Cano.
Rouhani's comments came after the Trump administration vowed Monday to stick with its pressure campaign against Iran, affirming its strategy to change Tehran's behavior by gutting its oil revenue and isolating the country globally. But crude oil from Iran now only accounts for about 5 percent of Japan's total oil imports, according to the Ministry of Economy, Trade and Industry.
Iran's foreign minister is set to hold meetings with top officials from the five other countries that remain in the nuclear deal - the United Kingdom, France, Germany, Russia and China - later this week. That encounter is expected to put flesh on an economic package crafted to buffer USA sanctions, according to Ellie Geranmayeh, a senior fellow at the European Council on Foreign Relations.
When asked at a news conference in Bern later on Tuesday whether those comments constituted a threat to interfere with the shipping of neighboring countries, Rouhani said: "Assuming that Iran could become the only oil producer unable to export its oil is a wrong assumption".
The Organization of the Petroleum Exporting Countries agreed with Russian Federation and other oil-producing allies on June 23 to raise output from July, with Saudi Arabia pledging a "measurable" supply boost, but giving no specific numbers. The president stressed that no power in history has been able to make the Iranian nation give in to illogical demands.
But actually replacing more than 2 million barrels a day of Iranian crude exports won't be easy.
Over the weekend, Saudi Arabia's King Salman promised Mr. Trump that he could raise production if needed, the White House said. That's led to higher prices at gasoline pumps in the United States as it heads toward midterm elections for Congress. It added that it "remains on track to increase its production capacity to 3.5 million (barrels per day) by the end of 2018". The kingdom now produces some 10 million barrels of crude daily.
Indeed, Argentinian journalist Fernando Niembro has even accused the captain of taking over squad selection duties from Sampaoli. The standout last-16 tie on paper pits France against Messi and Argentina, two teams who laboured through the group stage.
Iran is usually not part of the committee, which includes Russia, Saudi Arabia, the UAE, Oman, Kuwait, Algeria and Venezuela. Oil prices surged almost 75 percent, touching $80 a barrel, after OPEC and allies agreed to cut production in late 2016.
Drone footage released by authorities in Iowa shows oil spreading across flooded fields following a devastating train derailment. Officials on the scene aren't sure whether floodwater from the swollen Little Rock River caused the cars to leave the tracks.
The 56-year-old actress was among the biggest television stars of the 1980s and 1990s, with roles on " Dynasty ", "T.J". The 911 call reported a disturbance at her home and when cops arrived, she appeared intoxicated and agitated.
The summer solstice in the southern hemisphere will occur on December 21, which is the winter solstice in the northern hemisphere. The summer solstice festival dates back thousands of years and is one of the most important dates in the pagan calendar.
But the states say his order is riddled with caveats and fails to reunite parents and children who have already been torn apart. There were moments from Trump's visits that seemed to indicate she was there not to change the status quo, but to applaud it.
I can not answer why that happened. 'I take responsibility for that and stand up for that, but I thought it was a good team. And following their exit, the odds on England winning this summer's World Cup have shortened to 8/1.
Another expert said Kim's decision to visit China following his meeting with Trump did not come as a major surprise. He noted that unlike on previous visits, China's state broadcaster CCTV announced Kim's visit before his departure.
Trump's order bans travel to the US from the nations of Iran, Libya, Somalia, Syria, and Yemen, North Korea and Venezuela. INSKEEP: Total and complete shutdown of Muslims entering the United States is the way the president phrased it then.
Croatia was given a penalty kick after Ante Rebic was taken down with a wide open goal in front of him. "I was nine-years-old. A Denmark clearance attempt from its own area bounced off a defender , right into the path of Mario Mandzukic .
But now they are up against Lionel Messi , a man who is on a mission to win his first trophy with the Argentine senior team. But the truth of the matter is, Argentina aren't a good enough side to go far in the tournament.
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Portugal stepped up the tempo after the restart and were rewarded when Uruguay were caught napping by a short corner. And although Uruguay finally conceded a goal , it was the first this year in the team's seventh match.
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They face the unsafe Colombia and will meet the victor of Sweden against Switzerland in the last eight if they come through. Lukaku has been in superb form so far in Russian Federation , scoring a brace in each of the wins over Panama and Tunisia.
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The organization has surprised everyone, I think it's given an incredible image of the Russian people, of Russia in general. After the game, the German players had no option but to pack their bags and exit Russian Federation .
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Anne Arundel County Acting Chief William Krampf said that the gunman's intention was to cause harm and it was "targeted shooting". Renee Mutchnik, a spokeswoman for the Sun , said "we believe there are some injuries" but she did not immediately know how many.
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Southgate has rejected reports that notes from a training session revealed his starting XI for Sunday's clash with Panama. Midfielder Dele Alli hurt his thigh against Tunisia and appears set to be replaced by Ruben Loftus-Cheek against Panama.
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It was a hard night for Messi and Argentina . "We are here to help him every moment, and of course we will be at his side". In Messi, Maxi Meza, Angel Di Maria and Aguero, Sampaoli arguably has the best attack at the World Cup .