India braces for more USA pressure on Iran sanctions

05 July, 2018, 02:29 | Author: Roderick Gutierrez
  • Iranian President Hassan Rouhani

This comes after Rouhani threatened on Tuesday during his visit to Switzerland to block oil shipments from neighboring countries.

The Iranian leader issued the stark warning that Tehran would not be alone in seeing its oil sales drop should the USA force the shutdown of its order book as he toured Europe this week. Turkish officials told Foreign Policy Tuesday the government had no reaction yet to the new US demands. Dubai also is the U.S. Navy's busiest port of call overseas.

The signatories to the deal, minus the United States, have been working on a ministerial meeting in Vienna for weeks and the date has slipped several times since preparations began.

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.

According to IRNA, Soleimani said in a letter to Rouhani on Wednesday that the Revolutionary Guard "is ready to implement a policy that hinders regional oil exports if the United States bans Iranian oil sales".

Government officials called speculation over the cancellation "unfounded".

The top diplomats of Britain, China, France, Germany and Russian Federation will join Iranian Foreign Minister Mohammad Javad Zarif in the Austrian capital, Iran's official IRNA news agency reported, for their first talks together on the deal since Washington pulled out earlier this year. "We can not pre-judge what the United States will be doing", said a source.


Rouhani's European trip will be of "prime importance" as it could "provide a more precise picture of cooperation between Iran and Europe", the Iranian foreign ministry spokesman said at the weekend.

The Iranian president reiterated Tehran's position that it would remain committed to the JCPOA so long as the country can enjoy its "benefits".

Then on Friday in the Austrian capital, Iran's foreign minister will meet the top envoys from the five powers still party to the JCPOA - Britain, China, France, Germany and Russian Federation - according to Iranian state media. But Britain, China, France, Germany, Russia and the European Union have vowed to keep the pact alive despite Washington's withdrawal.

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 US and others.

But so far it has proven hard to offset the impact of continued USA sanctions, with European firms reluctant to risk far-reaching US financial penalties to do business in Iran.

The leader of Saudi Arabia promised US President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday.

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