Iran will break U.S. sanctions by selling oil: Pres. Rouhani

Iranian officials are betting on the unstable market conditions to beat US sanctions

Iranian officials are betting on the unstable market conditions to beat US sanctions

Rouhani then noted another victory for Iran, in which the USA was forced to agree to let eight countries, including Japan, India and South Korea, keep buying Iranian oil after the re-imposition of sanctions on November 5, even though Trump had previously vowed to cut Iran's oil sales to zero.

Rouhani also vowed that Iran would break the sanctions. They're aimed at a singular objective: denying the world's largest state sponsor of terrorists the capacity to do things like they did this past couple weeks - attempted assassination campaign in the heart of Europe.

Details of the sanctions will be released at a news conference scheduled for 8:30 a.m. EST with Pompeo and U.S. Treasury Secretary Steven Mnuchin. We've already reduced Iranian crude oil exports by over a million barrels per day. That number will fall farther.

USA sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts. The reinstated sanctions follow the Trump administration's decision in May to pull out of the worldwide nuclear deal.

"Iranian exports and production had been declining steadily in advance".

The US said the sanctions are not aimed at toppling the government, but at persuading it to radically change its policies, including its support for regional militant groups and its development of long-range ballistic missiles.

"This is an economic war against Iran but".

Mr Pompeo said more than 100 big global companies had withdrawn from Iran because of the looming sanctions. That's our expectation. It's the reason for President Trump's policy.

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Mr Rouhani said: "Today, Iran is able to sell its oil and it will sell". "Watch as we've already taken more crude oil off the market than any time in previous history", he told CBS's Face the Nation on Sunday.

The reimposition comes as Trump and Congress focus on congressional and gubernatorial elections in the U.S. Many will see the results as a major triumph for the president, or a political blow. Pulled back, it's impossible not to see Trump's message as, at least in part, tapping into the racist, fear-mongering messaging conservatives have been putting out in regards to the caravan of asylum-seeking migrants now making their way up through Central America who are, to be clear, not a threat to the country.

"This new United States president ... has disgraced the remnant of America's prestige and that of liberal democracy". That's important for American consumers, and the march to zero continues.

The new sanctions against Iran's shipping, financial and energy sectors come into effect Monday. He also noted that some have claimed that the Trump administration has "caved".

The move brings the total of Iranian-related targets sanctioned under the Trump administration to 900 in less than two years and represents a significant escalation of Washington's efforts to place economic pressure on the Iranian regime.

US officials did not immediately make an announcement as the sanctions took force in the early morning hours of November 5, part of Washington's effort to ramp up pressure on Tehran to "change its behavior" and end what the United States says is its "malign" activities in the region.

European countries which are still party to the accord created to curb Iran's nuclear activity say they will help businesses bypass the sanctions.

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