KXIP vs KKR Live Score

The Government of India is bracing for more "pressure" from the USA on Iran sanctions in the coming weeks, but hopes that there may be an exception made for its dealings on the Chabahar port, as officials meet with a US delegation in the next few weeks. Turkish officials told Foreign Policy Tuesday the government had no reaction yet to the new US demands.

Since Trump's announcement of the US withdrawal in May, his administration has sought to reimpose sanctions on Iran and has encouraged other countries to do the same.

On Tuesday, Rouhani hinted at a threat to disrupt oil shipments from neighbouring countries if Washington tries to cut its exports.

The nuclear deal was signed in Vienna, where Rouhani will hold further talks on Wednesday.

The EU, which still supports the Iran nuclear accord, sought to shield European companies from U.S. sanctions, but the companies that actually buy Iranian oil are already limiting their purchases for fear of falling afoul of the U.S. Treasury.

On a related front, a senior US State Department official was quoted as saying recently that the countries purchasing oil from Iran should prepare themselves to completely stop the Iranian crude imports by November as Washington reimposes sanctions against Tehran.

A recent decision by the Organization of the Petroleum Exporting Countries to increase the cartel's own production by 1 million barrels a day has yet to tamp down prices.

Iranian Foreign Minister Mohammad Javad Zarif is set to meet with counterparts from the five other countries in the nuclear deal - the United Kingdom, France, Germany, Russia and China - on Friday in a bid to save the deal, which sought to curb Iran's nuclear program in exchange for sanctions relief from the USA and others.


Rouhani said the new USA pressure would never succeed. Oil remains Iran's lifeblood and supplies roughly 40 percent of the government's revenue.

The US Navy's 5th Fleet, which patrols the region, has said it has not seen any "unsafe and unprofessional" actions by Iranian naval forces in the Persian Gulf since August 2017.

The sources said the U.S. was prepared to work with countries that are reducing their oil imports on a case-to-case basis.

"The Americans say they want to reduce Iranian oil exports to zero".

On July 6, the foreign ministers of Iran and the five world powers still party to the nuclear deal - Britain, France, Russia, China, and Germany - will meet in the Austrian capital to discuss ways to preserve it in the wake of the USA withdrawal.

The sanctions would include a universal ban on Iran over buying or acquiring United States dollars as well as restrictions over purchases of crude oil from the country and investing in its oil sector projects.

Separately, Iran's interior minister Abdolreza Rahmani Fazli warned Tuesday that "if we close our eyes for 24 hours, 1 million refugees will go toward Europe through our Western borders" via Turkey.


COMMENTS