Iran's leader links talks with USA to lifting sanctions
- Lucas Bell
The ban on the exchange offices, introduced in March, had left the offices idle overnight: gone were the daily long lines of Iranians waiting to buy or sell dollars.
It will enable EU-based firms to recover damages resulting from the United States sanctions.
Senior U.S. administration officials told reporters on August 6 that the United States supports the Iranian people but is not calling for regime change.
He said President Donald Trump is intent on getting Iran to "behave like a normal country".
"Trump should go back several steps, at least to the pre-Trump-era, to protect the interests of the U.S., Iran and the world".
The Iranian government will also no longer be allowed to buy USA and European planes and US banknotes.
With its oil customers already backing away ahead of the next round of sanctions in November, Iran is facing hard economic challenges.
If Iran wants to avoid the reimposition of sanctions it should take up Trump's offer to negotiate, White House national security adviser John Bolton said.
The sanctions that will be reimposed come November include those on Iran's port operators and energy, shipping and shipbuilding sectors, any of Iran's petroleum-related transactions, and foreign financial institutions with the Central Bank of Iran.
Despite the taunts, senior administration officials said Trump would still be willing to meet the Iranian leadership and refuted suggestions the USA was pushing for regime change.
The Trump administration unveiled its first round of sanctions on Iran since the collapse of the worldwide nuclear agreement Monday; blasting Tehran with new penalties aimed at curbing the Islamic Republic's weapons program. "But they need to return to [the Iran nuclear deal]".
The measures also aim to save the agreement meant to curb Iran's nuclear ambitions after the U.S abandoned the pact.
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Tehran also agreed in perpetuity to notify United Nations inspectors if and when it builds a new nuclear facility.
The Trump administration "wants the world to believe it's concerned about the Iranian people".
The move is the first since the two countries broke off diplomatic ties in 2016, after Iran allowed protestors to attack and burn the Saudi embassy in Tehran.
The US was an original signatory to the agreement with Iran, along with Britain, France, Germany, Russia, China and the EU.
They have pledged to abide by their commitments under the deal. Foreign companies with operations in both Iran and the USA, such as the oil giant Total, could also be held liable if they choose to stay in Iran.
These have been impossible to verify and the authorities have charged that they are promoted by foreign-based opposition groups funded by the US, Israel and Saudi Arabia.
"Individuals or entities that fail to wind down activities with Iran risk severe consequences", Trump said. Some of its major European allies have been working to prevent the 2015 deal from falling apart.
The EU voiced concern in a joint statement with the foreign ministers of France, Germany and Britain that said: "We deeply regret the reimposition of sanctions by the United States".
The second administration official said Iran's economy was already on a "downward spiral" before Trump made a decision to reimpose sanctions and pointed to Iran's weakening currency, rising unemployment and growing protests across the country as evidence. Calling it a "horrible, one-sided deal" that "threw a lifeline of cash to a murderous dictatorship", the White House statement also warned that the supposedly normative function of the JCPOA had failed even after the U.S. made most of its concessions up front.
Rouhani fell back on the rhetoric of many of his predecessors by referencing the 1953 CIA-backed coup that overthrew Iran's elected prime minister and cemented the shah's rule.
"This will have exponential effect on Iran's already fragile economy".
A summit with Trump would greatly shame the theocratic rulers of Iran, as they frame their whole government as a revolutionary act opposing USA hegemony and cry "death to America".
European countries, along with Russian Federation and China, remain committed to the nuclear deal, but European companies are unlikely to risk US sanctions to do business with Iran.
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