Iran warn of ‘CONSEQUENCES’ as USA announces ban on oil exports

Zarif met on Tuesday with the his foreign ministry counterpart from North Korea a country also under US sanctions

Zarif met on Tuesday with the his foreign ministry counterpart from North Korea a country also under US sanctions

The sanctions go back into place after Trump in July threatened Iranian President Hassan Rouhani.

In comments carried by the Office of the President, Rouhani was said to have praised the two countries' "friendly and heartfelt relationship" and mutual support for each other, while warning that Washington should not be seen as trustworthy.

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

Iranian President Hassan Rouhani said in a meeting with North Korean Foreign Minister Ri Yong Ho on Wednesday that the U.S.is an "unreliable" country and can not be trusted.

The statement added that without Iran, al-Abadi would not have been in power, pointing out that the duty of the Iraqi government was to stand by Iran in order to break the USA economic blockade.

USA officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to force Tehran to halt its nuclear and missile programs and involvement in regional conflicts in Syria and Iraq.

Critics accused him of mismanagement and blamed him for the country's recent economic problems, which have been exacerbated by the restoration of US sanctions lifted under the 2015 nuclear agreement.

Trump administration announces $22b in fresh tariffs on China
But within days, Trump himself backed away from the deal, saying talks would "probably have to use a different structure". Chinese state media, reflecting the government's stance, has said China will not be cowed in the face of U.S. threats.

Elon Musk’s Tesla Claim Could Land Him in Regulatory Trouble
News about the idea first surfaced this afternoon on Twitter via Musk, who tweeted, "Am considering taking Tesla private at $420". A buyout at US$420 per share probably won't let Musk reap any benefit from the US$2.6b stock option grant he received this year.

Here’s why the DSS DG, Daura was sacked
The security operatives, however, later allowed the lawmakers access into the complex while journalists and other staff were barred.

"These are the most biting sanctions ever imposed", Trump tweeted on Tuesday.

"If the Americans want to keep this simplistic and impossible idea in their minds they should also know its consequences", Zarif told the Iran newspaper. Zarif said that Oman and Switzerland have acted as mediators in talks with America in the past but that there are now no direct or indirect talks being held with the United States.

On Monday, Rouhani said Iran was ready to enter talks with the US if Washington compensated the country for past damages.

In a speech hours before the sanctions were due to take effect on Tuesday, Rouhani rejected negotiations as long as Washington was no longer complying with the deal.

A North Korean delegation also attended President Hassan Rouhani's inauguration in August 2017. "We can't get drawn into a confrontation with America by falling into this war room trap and playing on a battlefield".

His visit to Iran is the first by a high-ranking DPRK delegation since August a year ago, when President of the Presidium of the Supreme People's Assembly Kim Yong Nam and vice foreign minister Choe Hui Chol spent several days in the country.

Signed in 2015, the landmark deal was meant to lift sanctions against Iran in return for curbs in its nuclear programme.

Recommended News

  • Saudi-Canada Fight Shows Need for More Pipelines, Oil Group Says

    Saudi-Canada Fight Shows Need for More Pipelines, Oil Group Says

    The bank had received no instructions to sell assets as they do not have any exposure there, the source said. The kingdom has suspended educational exchanges with Canada and moved Saudi scholars to other countries.
    Brokers Opinions on: Tesla Motors inc (NASDAQ:TSLA)

    Brokers Opinions on: Tesla Motors inc (NASDAQ:TSLA)

    Tesla Motors inc (NASDAQ: TSLA ) now has a Weekly Volatility of 3.66% percent while its Monthly Volatility is at 4.19% percent. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.
    Elon Musk indicates taking Tesla private as he posts 'funding secured' tweet

    Elon Musk indicates taking Tesla private as he posts 'funding secured' tweet

    Tesla spokespeople have not yet confirmed the proposal to any media outlets. - CBS News' Jillian Harding contributed reporting . Elon Musk is considering taking Tesla Inc private, the chief executive officer of the electric car-maker tweeted on Tuesday.
  • Discovery: Huge glowing 'rogue' planet drifting through space

    Discovery: Huge glowing 'rogue' planet drifting through space

    The planet is only around 20 light years from Earth, but it's not really doing much besides relaxing in the vastness of space. That's an incredible finding, and it suggests that there's some very interesting things going on above the planet's surface.

    Arsenal valued at £1.8bn as Kroenke offers to buy remaining shares

    Kroenke now owns 67% of the club's shares and his offer is to buy the 30% of shares owned by minority stakeholder Alisher Usmanov. Kroenke, who - like Usmanov - first started amassing shares in Arsenal in 2007, succeeded in gaining full control in 2011.
    Brooklyn Nail Salon Workers Attack Woman With Broom

    Brooklyn Nail Salon Workers Attack Woman With Broom

    The n0w-viral video shows a nail salon in chaos - a loose flip-flop on the floor, manicure stations pushed roughly to the side. She was released on her own recognizance after a hearing at Brooklyn Criminal Court, according to the Post .
  • Mosquitoes Test Positive For West Nile In Wethersfield

    Mosquitoes Test Positive For West Nile In Wethersfield

    Cover up with light-colored clothes, long sleeves and trousers when outdoors or while in areas where mosquito activity is high. In North America, that means that mosquito season - extending from the late spring through the fall - is West Nile season.
    Newest SpaceX booster flies again with Indonesia satellite

    Newest SpaceX booster flies again with Indonesia satellite

    The rocket, using a first stage that flew in May with the Bangabandhu-1 satellite for Bangladesh, lifted off at 1:18 a.m. Space Systems Loral of Palo Alto, California, built the satellite ahead of schedule, according to Telkom Indonesia.
    Former Malaysian PM Najib Razak to be charged with money laundering

    Former Malaysian PM Najib Razak to be charged with money laundering

    The government has said it plans to open the Equanimity to public viewing, before eventually selling it off. The country's anti-corruption authorities have issued an arrest warrant for Jho Low .
  • Big changes coming to Academy Awards

    Big changes coming to Academy Awards

    It also means that the film with the most first place votes doesn't always win Best Picture. We are excited about these steps, and look forward to sharing more details with you .
    Rick Gates Set to Testify Against Ex-Boss Paul Manafort

    Rick Gates Set to Testify Against Ex-Boss Paul Manafort

    Gates' testimony began on Monday and will likely continue into Tuesday, when Manafort's defense attorneys will cross-examine him. There was no mention of President Trump or his campaign, but this trial is the first big public test for the special counsel.
    Karunanidhi health: Is DMK chief suffering from jaundice?

    Karunanidhi health: Is DMK chief suffering from jaundice?

    He was also instrumental in constructing a 133-foot-high statue of Thiruvalluvar, the famous poet, in Kanyakumari. May 13, 2006: Sworn in chief minister for fifth time, elected from Chepauk constituency in Chennai .

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.