Iran issues oil warning as UAE says production can rise

Wednesday, 04 Jul, 2018

"In the current context of the withdrawal of the United States. and the intense negotiations between Iran and Europe to find a way to preserve this agreement", the trip "is of prime importance", Iran's foreign ministry spokesman Bahram Ghassemi said Saturday.

They believe it's unfair that ordinary Iranians, who have been affected by Trump's travel ban - recently upheld in Supreme Court - while 'children of the regime officials live and work in the U.S'.

Monday's Fox News story said Zolnour's claims would likely further convince Republicans that the Obama administration mishandled the Iran deal.

Mojtaba Zolnour, a hardline member of Iran's parliament and a strong critic of Iran's president, cited the figure in an interview with Iran's reformist newspaper Etemad after being asked whether the Iranian society can look domestically to fix its issues.

Zolnour was exposing the secret side deal he alleged as a critique of Iranian President Hassan Rouhani, whom the mullah perceives as too soft on the West. Zolnour and Rouhani share the goal of advancing Iran's Islamic revolution, but the senior cleric appears to prefer a more aggressive anti-U.S. strategy to achieve Iran's foreign policy goals. "There's going to be enormous amount of pressure brought to bear on US allies to comply".

American and European banks and companies that invested in Iran after the landmark deal known officially as the Joint Comprehensive Plan of Action (JCPOA) took effect in 2015 have a brief window to wind down business ties before incurring penalties.

"The EU could, for example, take steps within the WTO to protect its trade relations with Iran against U.S. sanctions", said Mahdi Ghodsi of the Vienna Institute of International Economic Studies.

Eshaq Jahangiri made the comments Sunday in a televised speech.

The top diplomats of Britain, China, France, Germany and Russian Federation will join Iranian Foreign Minister Mohammad Javad Zarif in the Austrian capital, Iran's official IRNA news agency reported, for their first talks together on the deal since Washington pulled out earlier this year.

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Swiss Federal President Alain Berset, right, and Iranian President Hassan Rohani talk at the beginning of an innovation and industry forum in Bern, Switzerland, Tuesday, July 3, 2018.

Zolnour, who serves as a member of the Islamic Republic's national security and foreign affairs committee, also told Iran's Etemad newspaper in an interview - as cited in Iran's Fars News agency - that family members of Iranian government officials were included in the 2,500 USA citizenships handed over by former President Barack Obama and his former Secretary of State John Kerry.

Meanwhile, a major focus of Trump's campaign is to drive Tehran's economy-sustaining oil exports to zero.

"Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference", Trump tweeted.

Oil prices are set, for the most part, by Saudi Arabia and, to a lesser extent, its OPEC partners including Iran.

Rouhani also said United States attempts to pressure its allies to stop buying Iranian oil exports are "exaggerated" and could never be put in place.

Hook sad more than 50 firms announced their intent to leave the Iranian market, particularly in energy and finance sectors, as the moving toward placing sanctions on Iran.

Rouhani on Monday blasted the re-implementation of USA sanctions on Iran, saying that the penalties had the greatest impact on Iranian citizens.

Hook also said a delegation under his lead will visit Gulf states "in the coming days", as part of global diplomatic efforts.