Iran sees China as ‘pivotal’ to salvaging its nuclear deal

06 August, 2018, 10:12 | Author: Charlene Valdez
  • Multiple protests over currency drop continue in Iran

Iran's currency plumbed new depths this week ahead of August 7, when Washington is due to reimpose a first lot of sanctions following Trump's withdrawal from the 2015 nuclear deal.

Pompeo said it would require "enormous change" by Iran to get out from under renewed USA sanctions.

Donald Trump has responded to comments by Iran's President warning of "consequences the likes of which few throughout history have ever suffered before". "They're the world's largest state sponsor of terror", Secretary of State Mike Pompeo told Indonesian television in an interview Sunday. Trump wrote on Twitter late Saturday.

In this July 30, 2018, photo, an Iranian street money exchanger holds a USA banknote in downtown Tehran, Iran.

When President Donald Trump said he'd be open to talks with his Iranian counterpart, Hassan Rouhani, Iran dismissed the idea pretty quickly.

"You will take to the grave the dream of Iranian officials asking you for a meeting or getting the permission to meet you from their nation".

"For Bolton and others, pressure is an end in and of itself", Suzanne Maloney, deputy director of the foreign policy program at the Brookings Institution, said.

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"If it leads to a wholesale capitulation fine, if it leads to regime change, even better".

Trump's pressure campaign appears to have had some results.

Sanctions will also be reapplied to US imports of Iranian carpets and foodstuffs and on certain related financial transactions.

But this year, to the surprise of some military officials, there have been no such incidents.

Washington chose to reimpose sanctions and has told other countries they must halt all imports of Iranian oil from November 4 or face USA financial measures.

Last month, the USA rejected an European Union appeal to allow exemptions to the sanctions regime.

After months of fierce rhetoric, Trump surprised observers last week when he offered to meet with Rouhani without preconditions. "If they want to meet, I'll meet".

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The timing of the cryptocurrency's introduction couldn't be more important, as the aggressive moves by the Trump administration are already putting a tight squeeze on Iran's suffering economy. "There's no evidence to date of their desire to change to change their behaviour". Yet the potential for major shocks to the economy from the phasing-out of the greenback and switch to a new currency has stalled such moves to decouple their economies from USA -dollar hegemony.

There is a wave of protests engulfing cities and towns in Iran, with slogans demanding a change of regime because of its inability to address the financial crisis, but the demonstrators are unsure about how they can bring about change peacefully.

The exercise could shut down of the Strait of Hormuz, a crucial Gulf passage for shipments of numerous commodities. "The Trump administration is doing that on goal to keep everyone feeling threatened", said a Western businessman in Tehran working in the oil and gas sector.

Since the beginning of 2018, Iranians have been protesting against rising prices, growing power cuts, water shortages and alleged corruption.

"It should be discussed in the Supreme National Security Council", said Nategh Nouri, who is also a former aide to Supreme Leader Ayatollah Ali Khamenei.

The authenticity of the videos could not immediately be verified. There were no additional details. In August and November Iran faces two new waves of sanctions that will shut off their access to United States banking and oil exports.

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