World powers back Iran oil exports despite USA sanctions threat

David Peterlin

The foreign ministers of Iran and five world powers meet to try to salvage the nuclear deal two months after President Donald Trump announced a unilateral USA withdrawal.

As tensions grow, the USA president is demanding that all countries end imports of Iranian oil by 4 November, as part of a series of 12 demands aimed at forcing Iran to behave "like a normal country".

In the joint statement, Iran's Mohammad Javad Zarif and other top diplomats reconfirmed their commitment to the deal and its "economic dividends" for Iran, which has suffered worsening financial turbulence since Trump abandoned the accord.

Rouhani told Merkel the USA exit from the JCPOA has caused some problems in economic areas, banking transactions and oil sector for the foreign companies which have made investment in Iran, making them reluctant about continuing their operations in the country.

This was extrapolated by USA officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.

They said they remained committed to the 2015 accord and to building up economic relations with Iran, including "the continuation of Iran's export of oil and gas" and other energy products.

"We are meeting here today to make sure the nuclear agreement with Iran has a future", German Foreign Minister Heiko Maas said as he arrived for talks with counterparts from Iran and the other signatories Britain, China, France and Russian Federation.

Trump Backs Rep. Jordan's Denial of Abuse Knowledge
Strauss's inappropriate touching of athletes was open knowledge, he said, and he remembered talking about it with Mr. An investigative team from Seattle-based Perkins Coie (coo-ey) emailed Jordan directly - but inaccurately - in May.

Iran announces plan to circumvent U.S. oil sanctions
The price for Brent crude oil , the global benchmark for the price of oil, was up 1.32 percent as of 9:15 a.m. Off-topic, inappropriate or insulting comments will be removed.

Calm Verstappen wins Austrian GP on bleak day for Mercedes
On lap 53, he pitted again for super-softs, dropping a place to fifth behind Ricciardo, who nearly immediately slowed and stopped. Stoffel Vandoorne was quickest of the drivers eliminated in Q1 thanks to Stroll's last-minute lap relegating him to 16th place.

"We must put in place measures that allow Iran to trade as long as it meets its commitments", he told RTL radio in France, cautioning that the new steps may take until November when numerous sanctions take effect. Even though Iran's Foreign Minister Mohammad Javad Zarif said that the United States actions "de-facto disrupted the agreement", thus giving Iran a right to withdraw from it as well, the Islamic Republic would not exercise this right, according to Lavrov.

Iran's navy chief said it would be "easy" to block the strait, while its vice president warned that not a "drop" of oil would pass through it if more sanctions were piled onto Iran.

The list begins with an introduction that says: "The Iranian regime brought suffering and death to the world and its people". He said the package lacks workable solution and is a set of general commitments like the previous European Union statements.

In another phone conversation with French President Emmanuel Macron late on Thursday, Rouhani described Paris' efforts to save the nuclear deal as "positive" but noted that "Europe's proposed package for keeping up cooperation in the JCPOA does not meet all our expectations".

Iran, which strongly denies ever seeking to build a nuclear bomb, has warned it could resume uranium enrichment for civilian purposes if the deal collapses. Rouhani called for a transparent operational program with a specific timetable to compensate for the United States' withdrawal from the agreement.

Since Trump's announcement, Iran's rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

In a meeting with Russian President Vladimir Putin on the sidelines of a summit of the Shanghai Cooperation Organization (SCO) in June, President Rouhani said Russia plays a key role in maintaining the nuclear deal after U.S. withdrawal.

Related news:

Hot News

isis-killer-beheading-video-story-top Pompeo in Pyongyang to flesh out summit deal
Jul 07, 2018 - 03:24
Prosperity and Peace teams formed with a mixture of North and South Korean women players play at a gym in Pyongyang, North Korea. The regime vowed to obtain a submarine capable of launching a long-range ballistic missile before the Trump-Kim summit.

isis-killer-beheading-video-story-top What is JioGigaFiber? What are the services offered?
Jul 05, 2018 - 15:28
Today, Ambani announced the Jio Monsoon Hungama offer that lets you exchange your old JioPhone for a new one. The Jio GigaTV set-top box will come with over 600 movie channels, 1000s of movies and millions of songs.

isis-killer-beheading-video-story-top ICE protesters arrested at Statue of Liberty
Jul 05, 2018 - 14:45
Liberty Island has been evacuated while they attempt to get her down, according to Jerry Willis with the National Park Service . There was confusion over whether she was part of a group who protested at the site against U.S. immigration policy.

isis-killer-beheading-video-story-top Theresa May's Brexit dilemma continues
Jul 05, 2018 - 14:31
Their "max fac" alternative would, rather than scrapping customs checks, use technology to minimise the need for them. May will gather her fractious Conservative Cabinet on Friday to try to hammer out a plan for customs and trade ties.

isis-killer-beheading-video-story-top Amazon Sets Date For Lucrative Amazon Prime Day Extravaganza
Jul 04, 2018 - 06:32
Other popular purchases from the last year's Prime Day included Nintendo Switch , Instant Pot and Bose Soundlink mini speaker . You can click the "Watch this Deal " button on any deal that's more than 10 minutes away to add it to your "Watching" list.

isis-killer-beheading-video-story-top Malaysia Corruption Scandal: Former Malaysian PM Najib Razak arrested
Jul 04, 2018 - 06:30
SRC International was a subsidiary of 1MDB, and was placed under the jurisdiction of the Finance Ministry in 2012. Mr Mahathir pledged to re-open the investigation and Mr Najib was banned from leaving Malaysia.

isis-killer-beheading-video-story-top England wins first ever World Cup shootout to reach quarters
Jul 04, 2018 - 04:00
The tournament hosts were stubborn and well-organised in their last-16 victory over ball-hoarders Spain on penalties. Davinson Sanchez has played day-in, day-out against all of the players likely to be in the England starting eleven.

isis-killer-beheading-video-story-top Steve Kerr OKs lucrative contract extension with Warriors
Jul 04, 2018 - 03:11
A person familiar with the terms says Gay has agreed to a one-year, $10 million deal to be back in silver and black next season. Kerr, 52, just finished the fourth year of a five-year, $25 million contract he signed when he joined the Warriors in 2014.

isis-killer-beheading-video-story-top Trump orders US flags lowered in honor of Capital Gazette shooting victims
Jul 04, 2018 - 03:03
The president quickly issued a proclamation ordering the flags lowered nationwide until sunset on Tuesday (Wednesday NZT). CBS reported authorities said it was a planned attack and Ramos used smoke grenades when he entered the building.

isis-killer-beheading-video-story-top Kirk Cousins had amusing reaction to DeMarcus Cousins signing with Warriors
Jul 04, 2018 - 02:58
If he returns and excels and helps the Warriors win a championship, he'll return to the free agent market in line for a big deal. According to Basketball Insiders' Alex Kennedy, one player didn't even believe him when he broke the news.

isis-killer-beheading-video-story-top 5 reasons to love the LeBron James signing
Jul 04, 2018 - 02:49
The Lakers' next steps are unclear , and though James may be patient about building a contender, he's 33 years old. With his own production company SpringHill Entertainment, James' projects include a remake of "House Party".

isis-killer-beheading-video-story-top Kremlin doubts veracity of CNN report on Trump’s plans for Syria
Jul 04, 2018 - 02:34
Moscow and Washington confirmed the location and date of the summit simultaneously on Thursday. Finnish President Sauli Niinisto said he welcomed the planned dialogue.

isis-killer-beheading-video-story-top LeBron James signs $154M deal with Lakers
Jul 02, 2018 - 16:46
This year, the Cavs made the NBA Finals for the fourth season in a row but were beaten to the title by the Golden State Warriors. When he was drafted in 2003 to the Cleveland Cavaliers , when he went to the Miami Heat in 2010, then back to Cleveland in 2014.

isis-killer-beheading-video-story-top LeBron James joining Los Angeles Lakers on 4-year, $154 million deal
Jul 02, 2018 - 11:27
James informed the Cavaliers on Friday that he would not exercise his $35.6 million contract option. McGee has played the past two years for the Golden State Warriors .

Infamous French Criminal Escapes Prison In A Helicopter
Jul 02, 2018 - 10:38
He was captured on May 29, 2013 when authorities found him hiding out at a hotel in Pontault-Combault, east of Paris . He was arrested in 1998 after three years on the run in Switzerland and Israel, according to the French media.