We will 'break sanctions proudly': Rouhani

We will 'break sanctions proudly': Rouhani

We will 'break sanctions proudly': Rouhani

The sanctions are far-reaching, but eight countries have been granted temporary waivers to buy Iranian oil, including China and India.

Iran's vice president Eshaq Jahangiri said the Tehran government hopes to continue exporting oil despite the United States sanctions.

"President Trump's predecessors also began crafting their Iran policy with similar bravado; but came around to accepting and respecting the reality of Iran as they became more experienced in office".

The PM's official spokesman said: 'We regret the reimposition of sanctions by the US.

They cover 50 Iranian banks and subsidiaries, more than 200 persons and vessels in its shipping sector, national flag carrier Iran Air, and more than 65 of its aircraft, according to a US Treasury statement.

European countries which are still party to the 2015 accord have said they will help businesses bypass the sanctions.

The U.S. president abandoned the nuclear agreement in May, accusing Iran of violating the deal. "Right now they just want to survive", he told a rally in Tennessee, Reuters reported.

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Iran's President Hassan Rouhani speaks at a news conference on the sidelines of the 73rd session of the United Nations General Assembly at UN headquarters in New York, US, Sept. 26, 2018.

The sanctions aim to significantly cut Iran's oil exports - which have already fallen by around one million barrels a day since May - and cut it off from worldwide finance. Those governments make up a majority or Iran's oil exports.

Congressman Adam Schiff, the ranking member of the House Intelligence Committee, said by reinstating sanctions without justification, Trump is pitting the United States against European allies and increasing its reliance on Saudi Arabia at a time when that country is "implicated in a plot to assassinate" on foreign soil a journalist and its outspoken critic.

"The head of Iran's central bank, Abdolnasser Hemmati, said Iranian banks should use their previous experience dealing with sanctions to support the foreign trade process and financial transfers", according to the state news agency, IRNA.

Iran is among the countries which the USA is courting for stepped-up sales of the oilseed.

Pompeo promised that the U.S. will be "relentless" in pressuring Iran as he announced the temporary exemption list.

The move intensifies a campaign by Trump to force Iran to further limit its nuclear work and halt a missile program, as well as end its support for proxy forces in Yemen, Syria, Lebanon and other parts of the Middle East.

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Also easing Iran's burden were eight waivers the Trump administration issued to Iran's major oil companies Monday, allowing them to temporarily continue reduced oil deals with Iran to ease the shock to global oil markets.

The sanctions are created to push Iran's exports to zero.

These concessions, first reported last week by the Washington Free Beacon and subsequently confirmed by numerous publications, have riled Iran hawks on Capitol Hill and elsewhere who have long fought to close all existing loopholes in US sanctions.

"The Iranian people have had 39 years of economic mismanagement. Act on your commitments, and we will sit and talk", he said.

"All eyes will be on Iranian exports, whether there will be some cheating around U.S. sanctions, and on how quickly production will fall", said Riccardo Fabiani, an analyst for Energy Aspects.

"Of course, we welcome these developments".

Israel has been a fierce opponent of the 2015 nuclear deal, saying it didn't rein in Iran's regional military activities.

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