Published: Sun, November 04, 2018
Worldwide | By Lisa Hogan

Trump tweets his plans to reimpose sanctions on Iranian regime

Trump tweets his plans to reimpose sanctions on Iranian regime

Secretary of State Mike Pompeo is defending the Trump administration's reimposition of sanctions against Iran from conservative critics who argue more should be done to isolate the country.

Pompeo said that countries like India, if it gets the exemption, would be asked to bring down their oil imports from Iran to zero in six months' time.

Pompeo maintained that despite the waivers, "these sanctions have already had an enormous impact".

Sputnik: President Trump, of course, has been indicating these sanctions will stay in place until a new accord with Iran is signed replacing the Joint Comprehensive Plan of Action, but how hard and how lengthy would it be to convince the sides that are part of the agreement to reconsider, what could be the difficulties?

USA sanctions targeting Iran's oil sales and banking sectors are being restored on Monday as part of a wider effort by Mr Trump to force Tehran to halt its nuclear and ballistic missile programmes outright.

Treasury Secretary Steve Mnuchin said the US has "gone after the financial networks that the Iranian regime uses to fuel its terrorist proxies in Hezbollah and Hamas, to fund the Houthis in Yemen, and to support the brutal Assad regime in Syria".

The top USA diplomat did not name the countries granted waivers, but Turkish Energy Minister Fatih Dönmez announced Friday that Turkey had secured an exception through negotiations with United States officials.

Treasury Secretary Steve Mnuchin defended the decision not to demand an entire cut-off of Iran from the Brussels-based SWIFT global financial network from criticism by anti-Iran deal activists.

"It's important to keep our eyes on the prize when it comes to Iranian revenues, whether they be derived from oil or any other sort of sanctionable transaction".

But other countries, including those of the European Union, believe Iran is holding to its part of the bargain on the nuclear deal and have made clear their intention not to follow America's lead. The Europeans have mounted a drive to save the agreement without the US, fearing that the new sanctions will drive Iran to pull out and resume all of its nuclear work.

"They (Saudi) have 12 million bpd capacity, but there is no need for Saudi Arabia to use all its spare capacity", he said.

The Iranian foreign ministry said that it was "unconcerned" by the move.

The United States is able to pressure other nations to stop buying Iranian oil under a 2012 law that allows the president to cut off foreign banks, including central banks, from the USA financial system unless they significantly reduce purchases.

The enemy's last option, namely economic war on Iran, has been defeated and the United States tool of sanctions has become useless, the commander stated.

"The challenge between the U.S. and Iran has lasted for 40 years so far and the USA has made various efforts against us: military, economic and media warfare", he said.

Besides India, the United States has agreed to let seven more countries including Japan and South Korea to keep buying oil from Iran after it reimposes sanctions next week. "So it must be given concession in buying oil with Iran and this is what was required and done".

Iranian state media claimed millions of people had turned out for rallies in most cities and towns around the country - a figure that has not yet been independently verified. Under the Obama-era deal, involving five permanent members of the UN Security Council and Germany, Iran agreed to stop its nuclear programme in exchange for relief from economic sanctions.

However, firms in these countries have backtracked on early agreements to develop Iran because the U.S. has threatened to impose sanctions on firms trading with the Islamic state.

Turkey imports nearly almost half of its oil from neighbouring Iran.

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