Trump Says "Sanctions Are Coming" for Iran

Donald Trump Goes All ‘Game Of Thrones’ With Iranian Sanctions Reimposition

Donald Trump Goes All ‘Game Of Thrones’ With Iranian Sanctions Reimposition

The US had insisted on cutting exports to zero but that seems unlikely as it would increase the price of oil, says Scott Lucas, a professor of global politics at Birmingham University.

"We think Trump will agree to China importing some volumes, similar to the treatment that India and South Korea receive", Clayton Allen of Height Securities said in a note on Friday. "These negotiations are still ongoing". "Two of the jurisdictions will completely end imports as part of their agreements. The other six will import at greatly reduced levels", Pompeo said.

Thousands of Iranians have staged a rally in Tehran marking the anniversary of the 1979 U.S. Embassy takeover as Washington restores all sanctions lifted under the nuclear deal.

As the world waits to hear Trump's additional comments on sanctions, we have no doubt that some major memes in response to his tone-deaf tweet are coming.

"In order to maximise the effect of the president's pressure campaign, we have worked closely with other countries to cut off Iranian oil exports as much as possible", Pompeo said.

The United States will exempt eight nations from USA secondary sanctions on Iran's oil exports, the Donald Trump administration said today.

As parties to the JCPOA, we have committed to work on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas.

"The maximum pressure we have imposed has caused the rial (currency) to drop dramatically, [President Hassan] Rouhani's cabinet is in disarray, and the Iranian people are raising their voice even louder against a corrupt and hypocritical regime", Pompeo said.

More news: Bolsonaro's economic guru urges quick Brazil pension reform
More news: China says will surely help Pakistan in financial crisis
More news: Trump says birthright citizenship will be ended

The US will reimpose oil sanctions against Iran on Monday.

"Don't be disillusioned about how painful this will be", says Ellie Geranmayeh, senior policy fellow at the European Council on Foreign Relations.

"Starting today, Iran will have zero oil revenue to spend on any of these things". They keep going back trying to change the Iranian government and they have been actually successful one time, and I think they want to try their luck again, I guess.

Earlier this year, the International Energy Agency said sanctions could make maintaining global supply "very challenging" and would come at the expense of maintaining an adequate spare capacity cushion.

Harrell said the administration was concerned not to drive up the oil price with its sanctions against Iran. The Europeans have mounted a drive to save the agreement without the US, fearing that the new sanctions will drive Iran to pull out and resume all of its nuclear work. The deal saw Iran limit its controversial nuclear activities in exchange for sanctions relief.

Foad Izadi: You know, there is a serious opposition from all countries in the world basically with the exception of a couple, Israelis and Saudis, but the rest of the world is basically objecting to President Trump's policy towards Iran because what Trump is doing is actually punishing countries for implementing a United Nations resolution.

Justifying the action, Pompeo has issued a list of demands for Iran that go well beyond the nuclear program that was the focus of Obama's deal.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.