As US sanctions resume, Rouhani vows to keep selling oil

As US sanctions resume, Rouhani vows to keep selling oil

The US will reimpose on Monday more sanctions lifted under a 2015 nuclear pact world powers struck with Iran. "Sagging refining margins at a time of weak crude prices sends a very telling message to us that demand is underperforming", he said.

She added that the worldwide community objects to unilateral sanctions such as those brought by the U.S.

Bloomberg News reported that China was negotiating to continue purchasing Iranian oil under an SRE, and that similar agreements were already reached with Japan, India, and South Korea (citing a senior administration official and other anonymous sources).

Hua urged all sides to keep in mind "long-term interests, fulfill their obligations and responsibilities and choose to stand on the right side of history".

However, President Donald Trump's personal lawyer, Rudy Giuliani, and National Security Adviser John Bolton both have made public statements supporting overthrowing Iran's theocratic Government.

U.S. West Texas Intermediate (WTI) crude futures were down 27 cents, or 0.4 percent, at $62.87 a barrel. In fact, the U.S. has indicated intent of supplying $2.5-3 billion oil and gas at short notice if India needed it to meet the shortfall arising out of cut in Iranian oil imports.

Israel's Foreign Ministry declined to comment.

Thousands of Iranians chanting "Death to America" rallied on Sunday, rejecting calls for talks. Stuxnet is widely believed to be an American and Israeli creation, though neither country has acknowledged being behind the attack.

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But Mr Rouhani struck a defiant tone, saying that Iran would "continue selling oil".

Well, Chris, the sanctions that will be reimposed tomorrow are the toughest sanctions ever put in place on the Islamic Republic of Iran.

In a sweeping list, the Treasury Department labeled an additional 700 entities, including individuals, banks, vessels, aircraft and Iran's energy sector as part of its decision to reapply harsh sanctions that kicked in early Monday morning.

He claimed the sanctions would backfire and work against the United States and that "many countries from Europe to Russian Federation and China have opposed the sanctions".

And she said Britain would stick to the nuclear deal thrashed out with Iran - which sees sanctions waived in return for a curb on the regime's development of nuclear weapons.

Washington also says it wants to stop what it calls Tehran's "malign" activities including cyber attacks, ballistic missile tests, and support for terror groups and militias in the Middle East.

"That's the mission, these sanctions are a part of our effort, and they're already being felt by the Iranian leadership", he said.

United States Secretary of State Mike Pompeo and Secretary of Treasury Steven Mnuchin announced the imposing of a second round of sanctions on Iran, calling the regime a destabilizing force in the Middle East. Meanwhile, major European companies like Total have pulled out of the Islamic Republic, while sticking with rival Saudi Arabia.

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