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Iranian protesters attack Islamic school as sanctions loom

05 August, 2018, 18:26 | Author: Melinda Barton
  • Iran-Bound Missile Parts Seized at London’s Heathrow Airport			The Associated Press		3 Aug 2018

Senior Iranian officials have warned the country would not easily yield to a renewed US campaign to strangle Iran's vital oil exports.

Beijing, however, agreed not to increase purchases of Iran's crude, the officials, who spoke on condition of anonymity told Bloomberg on Friday.

As an original signatory, the USA also pledged to waive secondary sanctions as long as Iran continued to abide by the deap.

Iran has been furious over U.S. President Donald Trump's decision to pull out of an global agreement on Iran's nuclear program and re-impose sanctions on Tehran.

Remaining sanctions ncluding on Iran's oil and gas sector and central bank will resume on November 5.

The US is due to impose a series of new sanctions on Iran in the next few months.

Senior Iranian officials have warned the country would not easily yield to a renewed US campaign to strangle Iran's vital oil exports.


Saudi Arabia appears to be reluctant to mend ties with Iran, he said, adding, "We believe that the problems originate mostly from inside Saudi Arabia".

President Donald Trump of the United States of America had also informed that he is willing to meet with Rouhani over Tehran's oil ban without preconditions.

USA officials, speaking to Reuters on condition of anonymity, said the drills appeared created to send a message to Washington, which is intensifying its economic and diplomatic pressure on Tehran but so far stopping short of using the US military to more aggressively counter Iran and its proxies. "Because of some internal problems that Saudi Arabia is facing and certain foreign issues, Mr. Trump's election (as the U.S. president) and the relations he has established with Saudi Arabia, and Trump's analyses of Iran, they (Saudis) are somehow under the illusion that they may win more concessions from Iran through patience".

Also last month, China, which is Iran's biggest customer, said it did not accept unilateral sanctions against Iran.

Another expert who foresees tightening was far more outspoken in his short-term forecast: Stephen Brennock, oil analyst at PVM Oil Associates, stated in a note on Friday that "Venezuela's ticking time bomb together with the return of Iran's oil industry to the sanctions era has all the makings for a major supply shock".

State refiners accounted for about four-fifths of the imports; Indian Oil Corp along with its unit Chennai Petroleum Corp imported approximately 300 000 bpd oil, the preliminary data showed.

Following the approval by Saudi Arabia's Foreign Ministry, head of the Oman and Yemen Department at Iran's Ministry of Foreign Affairs, Mohammad Alibek, has been appointed as the caretaker of the Islamic Republic's interests section in the city of Jeddah, the official Iranian news agency further said.

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