Iran's Rouhani hints at threat to neighbor's' exports if oil sales halted

Iran's Rouhani hints at threat to neighbor's' exports if oil sales halted

Iran's Rouhani hints at threat to neighbor's' exports if oil sales halted

After President Donald Trump withdrew from the deal on May 8 and reimposed sanctions on Iran, some Iranian lawmakers responded by burning the American flag and chanting "death to America".

Zolnour is a hardline member of Iranian parliament, who is helping lead an investigation on whether dual citizens have "infiltrated" Iran's government, according to Radio Farda, the USA -funded Iranian language news service.

Last week, reports emerged that India's oil ministry had told local refiners to get ready for a "drastic reduction or zero" oil imports from Iran, a sign that India-Tehran's second-largest oil customer after China-is bowing to pressure from the reduce imports from Iran. The Administration's stated goal is to deter Iranian Supreme Leader Ayatollah Ali Khamenei from pursuing ballistic missile development and to curtail its support for Shiite militant groups in Yemen, Syria and Lebanon. Iran has arrested a handful of dual U.S.

Brian Hook, who is leading negotiations with U.S. allies on a new Iran strategy said on Monday: "Our focus is on getting as many countries importing Iranian crude down to zero as soon as possible".

Switzerland - where significant parts of the pact known as the Joint Comprehensive Plan of Action were negotiated - will work to ensure that future USA sanctions do not target any humanitarian goods, Bern said in a statement.

"These sanctions will include targeting Iran's automotive sector, trade in gold, and other key metals", he said. A more rigorous set of sanctions on oil and transactions with the central bank of Iran will come into effect November 6.

"The US [officials'] statement in this regard is unilateralism...and a breach of all global rules and regulations in energy and trade sectors", Rouhani said at a joint press conference with his Swiss counterpart, Alain Berset, in Bern on Tuesday.

But the claims are likely to stir up further resentment among Republicans who have previously criticized the Obama administration over the Iran Deal, which was reached in July 2015, claiming he conceded too much to the Middle Eastern nation.

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"After the JCPOA, we showed very clearly that whatever promise we make, we stand by", Rouhani said Tuesday alongside Swiss President Alain Berset.

"A scenario like this would mean that the United States is imposing a unilateral policy, is imposing rules that are extra-territorial, and would violate all worldwide laws and regulations".

Meanwhile, a major focus of Trump's campaign is to drive Tehran's economy-sustaining oil exports to zero.

"The Americans claim that they want to completely block Iran's oil exports to zero but they don't understand what they are saying because it does not make sense that Iran's oil can not be exported, while region's oil is exported", Iranian President Hassan Rouhani on a visit to Switzerland while addressing a group of Iranian living in Switzerland on Monday evening.

Saudi Arabia could cover most of the current Iranian oil supplies for International Olympic Committee if India and its refiners were to cut off Tehran crude intake, Singh said, adding that a narrowing spread between Brent Crude and the Dubai oil benchmark gives refiners more options to source reasonably priced crude oil.

The Trump administration's announced intention of reimposing sanctions on Iran has sparked concern about rising oil prices.

He added that it is "incorrect and unwise" to think that "one day all oil producing countries would export their surplus oil and Iran would be the only country that can not export its oil".

It was unclear on Tuesday whether Trump had direct knowledge of the alleged exchange. "We are prepared to work with countries that are reducing their imports on a case-by-case basis", Hook said. He said US teams of State Department and Treasury officials had visited 13 countries in Europe and East Asia so far, to dissuade governments and companies from doing business with Iran.

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