Iranians rally to mark anniversary of US Embassy takeover

Iranians rally to mark anniversary of US Embassy takeover

Iranians rally to mark anniversary of US Embassy takeover

One can presume that the message is meant to be commentary about the country's supposedly impending sanctions against Iran, but at the same time, it's always rather hard to ascertain exactly what the notoriously uninformed president is trying to speak about. We've got Brent crude at about the same price it was back in May when the president announced the withdrawal from the JCPOA.

The accord provided Iran with billions of dollars in relief from global sanctions in exchange for sweeping curbs on and inspections of its nuclear program.

"America wanted to cut to zero Iran's oil sales", but the Islamic Republic "will continue to sell" its oil "to break sanctions", Rouhani warned during a meeting with the economists, which was broadcast on TV. Contrary to what he called "fueled misinformation", he stated that SWIFT, "if it provides financial messaging services to certain designated Iranian financial institutions...could be subject to sanctions".

Mr Pompeo said more than 100 big worldwide companies had withdrawn from Iran because of the looming sanctions.

"Even if the United States grants exemptions, Washington will demand that the volume imported from Iran be significantly reduced", said UBS analyst Giovanni Staunovo, who expects prices to rise.

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Thousands of Iranians chanted "Death to America" at a rally in protest on Sunday.

Iranian oil exports have fallen by about a million barrels a day in that time, though India and China have continued to purchase it. Gen Habibillah Sayyari said both the national army and the country's paramilitary Revolutionary Guard's were taking part in the exercise.

"We continue to believe that the Iran nuclear deal makes the world a safer place", British Prime Minister Theresa May's spokesman said. President Trump, you've done it again!

The UK, Germany and France - which are among the five countries still committed to the nuclear pact - have all objected to the sanctions. They are the strongest sanctions we've ever imposed.

The Trump administration is restoring all sanctions lifted under the 2015 nuclear deal in a bid to pressure Iran.

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Salami made the remarks on a day when the authorities in Iran organize anti-U.S. gatherings nationwide, unleashing slogans to mark the 1979 seizure of the US embassy in Tehran.

The reimposition of the sanctions comes as the United States is focused on USA congressional and gubernatorial elections on Tuesday.

Saudi Arabia, the world's largest exporter, has claimed that it can respond to the Iranian shortfall, but some market players are wondering whether the kingdom is exhausting its capacities.

Iran's foreign ministry is shrugging off the re-imposition of US sanctions on Iran, saying it's nothing new and that the country has gone through a wider range of sanctions in the past.

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