Three Iraqi officials said on Friday that the United States has informed Baghdad it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran's oil sector, according to Reuters.
The crowd chanted "Down with US" and "Death to Israel" during the rally in the Iranian capital on Sunday, and state TV said similar demonstrations were held in other cities and towns. The Islamic Republic is a preferred supplier for India, making the country the second-largest purchaser of Iranian crude after China due to sweeteners such as 60-days credit, free insurance and shipping, among others. Indeed, with United States gasoline prices still relatively high and midterm elections just days away, Trump has some incentive to soften his offensive.
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The United Arab Emirates' minister of state for foreign affairs, Anwar Gargash, said on Saturday that Iran's "aggressive policies" were "largely responsible" for the reimposition of US sanctions on Tehran. He accuses Tehran of using its oil revenues to fund the activities of militias such as Hezbollah, Islamic Jihad and Hamas, and he has pledged to cut off this source of income.
Oil prices fell on Friday for a weekly loss of over 6 percent on worries about crude oversupply due to the US waivers.
Earlier, The Washington Free Beacon reported, citing sources, that senior US State Department officials have convinced US Secretary of State Mike Pompeo to permit Tehran to remain connected to the SWIFT worldwide banking system. He declined to specify the targeted institutions.
Harrell said the administration was concerned not to drive up the oil price with its sanctions against Iran.
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Demonstrators in Tehran gathered on Sunday outside the former U.S. diplomatic mission, also known as the "Den of Espionage", chanting slogans against the United States. India kept importing oil from Iran knowing it well that it will be saved from sanctions on being strategic partner of the US. "That's a good thing for American consumers".
USA officials have already said the sanctions would be meant to bring down Iran's oil exports to zero.
"America will not be able to carry out any measure against our great and courageous nation".
But will these companies risk being hit by secondary sanctions which would limit their own ability to trade with the US?
"I can not even buy rice to feed my children or pay my rent", said elementary school teacher Pejman Sarafnejad, 43, a father of three in Tehran.
The deal brought about the lifting of most global financial and economic sanctions in return for Tehran curbing its disputed nuclear activity under United Nations surveillance.
"Just a while ago, ministry officials brought the news that the U.S. Secretary of State made a statement on limiting or lifting of sanctions for eight countries including Turkey", Fatih Dönmez told reporters.
They wanted to prohibit Iran from selling any oil, what Secretary Pompeo even said yesterday (Friday), the goal was to prevent Iran from selling oil altogether and they realized that that goal is not achievable, so what they did in effect was they issued exemptions for eight countries and these eight countries are going to continue to buy Iranian oil.