Iran vows to continue oil exports despite Trump's threats

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The US is making history not just by violating a United Nations security council resolution it voted for three years ago, but also by penalising countries who stick to the same unanimous resolution, the Iranian ambassador to the UN has claimed.

Before nobody supported Iran.

Ri was also quoted as describing the sanctions against Iran as "inappropriate and contrary to global standards".

On Tuesday, the U.S. reinstated sanctions targeting the Iranian government's purchase of United States dollars, Iran's trade in gold and other precious metals, and its automotive sector.

"They can not think that Iran won't export oil and others will export.".

"These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level".


Among large European companies that have suspended plans to invest in Iran are France's oil major Total and its big carmakers, PSA and Renault.

President Rouhani shot back at Trump via Twitter Tuesday night, suggesting Iran would continue trading with the "EU, Russia, China & dozens of our other trading partners".

At current market rates, the imports are worth about $15bn.

European countries, hoping to persuade Tehran to continue to respect the nuclear deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.

Turkey's Energy Minister Fatih Donmez also said that his country would continue to buy natural gas from Iran.

Since it unilaterally pulled out of the deal in May, Washington has told other countries that they must halt all imports of Iranian oil from November 4, or face U.S. financial measures.


Tuesday evening on his nationally syndicated radio show, LevinTV host Mark Levin interviewed national security adviser John Bolton about the Trump administration's decision to impose further sanctions on the terrorist regime that rules Iran.

"Isolating Iran could boost radical and fundamentalist forces", he said, adding that "chaos in Iran, as we have experienced in Iraq or Libya, would further destabilise an already troubled region".

"NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE", Trump wrote.

BEIJING - China's business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States.

"They fear the application of overwhelming American power, and as long as the overwhelming power is credible, they will be cautious in how they'll escalate", he said.


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