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Rouhani says Iran to continue oil exports and resist US economic war

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Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday.

By reimposing sanctions on OPEC’s third biggest crude producer, Washington wants to force Tehran to drop its ballistic missile programs, further curb its nuclear work and limit its support for proxy militias from Syria to Lebanon and Yemen.

“We will not yield to this pressure, which is part of the psychological war launched against Iran,” Rouhani said in a speech in the city of Khoy, broadcast live on state television.

“They have failed to stop our oil exports. We will keep exporting it … Your regional policies have failed and you blame Iran for that failure from Afghanistan to Yemen and Syria,” he added, to chants of “Death to America!”.

Rouhani said Washington lacked the necessary international support for its sanctions, and noted that it had granted temporary waivers to eight major buyers of Iranian oil.

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“America is isolated now. Iran is supported by many countries. Except for the Zionist regime (Israel) and some countries in the region, no other country backs America’s pressure on Iran,” he said.

The European Union, France, Germany, Britain, Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations.

In particular, the EU has been trying to establish a Special Purpose Vehicle (SPV) for non-dollar trade with Iran.

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But this has not stopped foreign businesses ranging from oil companies and trading houses to firms leaving Iran for fear of incurring U.S. penalties.

Iran has threatened to exit the deal if its economic benefits are not preserved, but Foreign Ministry spokesman Bahram Qasemi told a news conference that it remained “hopeful that the Europeans can save the deal”.

The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods, circumventing the U.S. sanctions, which are based on the global use of the dollar for oil trade.

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The EU wanted to have the SPV set up by this month, but no country has offered to host it, six diplomats told Reuters last week.

“We expect EU to implement the SPV as soon as possible,” Qasemi said. “Iran adheres to its commitments as long as other signatories honor theirs.”

Writing by Parisa Hafezi; editing by Kevin Liffey


Report typos and corrections to: [email protected]. Send news tips to: [email protected].
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Boris Johnson gets blanket coverage in Iran as ‘Britain’s Trump’

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Iranian newspapers gave blanket coverage to news that Boris Johnson would become British prime minister on Wednesday, with many comparing him to US President Donald Trump.

The former foreign secretary takes power amid a tense standoff with Tehran over British authorities' seizure of an Iranian tanker in early July and Iran's detention of a UK-flagged ship in the Gulf last week.

Dailies across Iran's political spectrum splashed his election to lead the Conservative Party -- propelling him to the office of prime minister -- across their front covers.

"British Trump," read the banner of reformist Sazandegi, over a full-page picture of Johnson celebrating his win.

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‘Degree to which Trump loses his mind on Twitter’ is the best way to assess Mueller impact: GOP strategist

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The best way to assess the impact of former special counsel Robert Mueller's testimony is to judge the response from President Donald Trump on Twitter, a Republican strategist explained on MSNBC on Tuesday.

GOP strategist Rick Wilson, the author of the 2018 bestselling book Everything Trump Touches Dies, was interviewed on MSNBC by Brian Williams.

"I think we should have a real filter that the Republican guys are going to try to set their asses on fire and run around on the stage to distract people from the weight and gravity of this testimony, but that — so that show tomorrow is going to be one that is going to hold America pretty transfixed," Wilson predicted.

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Deutsche Bank is the ‘last resort for unsavory characters’ like pedophiles and Trump: Congresswoman

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Democratic Party rising-star Rep. Katie Porter (D-CA) blasted Deutsche Bank during a Tuesday evening appearance on MSNBC's "The Last Word" with Lawrence O'Donnell.

The law professor, who won an Orange County, California seat in the 2018 midterms that Democrats had never held, has been highly praised for her congressional questioning expertise, especially will grilling banks from her role on the House Financial Services Committee.

"The New York Times is reporting tonight that convicted sex criminal Jeffrey Epstein, who is now facing new sex trafficking charges in New York, has had dozens of accounts at Deutsche Bank which flagged suspicious transactions to the Treasury Department involving Jeffrey Epstein earlier this year," anchor Lawrence O'Donnell reported.

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