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Tag: sanctions

Rouhani: U.S.-Iran relations won’t improve until sanctions are lifted

Rouhani: U.S.-Iran relations won’t improve until sanctions are lifted

World
Aug. 27 (UPI) -- A day after U.S. President Donald Trump indicated he'd be open to talks with Iran, President Hassan Rouhani said there will be no progress in U.S.-Iran relations until Washington lifts sanctions off Tehran, according to state-run media. "In the relations between Iran and the United States, we will not witness any positive development unless the United States abandons the sanctions and corrects the wrong path it has chosen," Tasnim News Agency reported Rouhani as saying during a ceremony in the nation's capital. He said Iran is not looking to create tension and prefers regional security and will abide by its commitments to a 2015 landmark multination accord aimed at preventing Tehran from acquiring a nuclear weapon if other countries uphold their end of the bargain. Trump...
Iranian oil tankers unloading in Chinese ports despite U.S. sanctions

Iranian oil tankers unloading in Chinese ports despite U.S. sanctions

World
Aug. 3 (UPI) -- Iranian tankers continue to unload crude oil in Chinese ports in defiance of U.S. sanctions, a move that could disrupt world oil markets. China imported 12 million to 14 million barrels from January to May but the oil is kept in bonded storage, meaning the oil hasn't gone through Chinese customs. The oil isn't being used so it's not violating U.S. sanctions, which prohibit Tehran from exporting crude. "If China were to aggressively purchase Iranian crude oil and/or draw down on these stored volumes, oil prices would likely fall by $ 5 to $ 7 per barrel," Again Capital founding partner John Kilduff. "It would be a meaningful outlet for Iranian supplies that have been severely crimped by the sanctions." The Trump administration wants to use those sanctions to choke the lead...
N Korea: US ‘hell bent’ on hostility and ‘obsessed with sanctions’

N Korea: US ‘hell bent’ on hostility and ‘obsessed with sanctions’

World
North Korea says the US is "hell bent" on hostile acts and "obsessed with sanctions" – three days after Donald Trump and Kim Jong Un met in what Pyongyang called an "amazing event".A press statement from Pyongyang's UN Mission accused the US of trying to exert "overt pressure" and have the world's nations implement UN sanctions. It said the US and 23 other countries sent a letter to the UN Security Council committee monitoring sanctions on North Korea demanding urgent action "under the absurd pretext of 'excess in the amount of refined petroleum imported"'. Image: North Korea says the US is obsessed with sanctions The US and the other countries accused North Korea of violating UN sanctions by importing more refined petroleum products
Trump signs off sanctions targeting Iran’s supreme leader

Trump signs off sanctions targeting Iran’s supreme leader

World
US President Donald Trump has signed off "hard-hitting" sanctions against Iran which he says will target the country's supreme leader Ayatollah Ali Khamenei.The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he was signing an executive order to impose fresh financial sanctions due to Iran's "increasingly provocative actions". Image: Donald Trump signs an executive order imposing fresh sanctions on Iran The president said Iran's supreme leader was responsible for "the hostile conduct of the regime" and the sanctions will deny him and his office "access to key financial resources and support"."Never can Iran ...
US-Iran: Trump announces ‘major’ sanctions amid tensions

US-Iran: Trump announces ‘major’ sanctions amid tensions

World
Media playback is unsupported on your device The US will impose "major" additional sanctions on Iran in a bid to prevent the country obtaining nuclear weapons, President Donald Trump says.He said economic pressure would be maintained unless the leadership in Tehran changed course."We're putting additional sanctions on," he told reporters. "In [some] cases we are moving rapidly."It comes after Iran announced it would exceed internationally agreed limits on its nuclear programme.The limit on its stockpile of enriched uranium was set under a 2015 nuclear deal with world powers. In return, relevant sanctions were lifted, allowing Iran to resume oil exports - the government's main source of revenue.But the US pulled out of the deal last year and re...