Rouhani says Iran to sell oil, defy USA sanctions

Rouhani says Iran to sell oil, defy USA sanctions

Campaigning in Chattanooga, Tennessee, late on Sunday, Trump said his "maximum pressure" policy against Iran was working. Foreign Minister Mohammad Javad Zarif said United States "bullying" was backfiring by making Washington more isolated, a reference to other world powers opposed to the initiative.

The goal: "to force the iranian regime to change its behavior".

At the same time, the trade dispute between the United States and China is threatening growth in the world's two biggest economies.

He added, "We have iron will to counter sanctions".

Tehran vowed to defy the economic war while Iranian clerical rulers have dismissed concerns about the impact on the economy. The 28-nation European Union reportedly is preparing a new financial mechanism to help its companies avoid US sanctions, and that could help keep Iranian oil exports flowing. "We are intent on ensuring that global funds stop flowing to the coffers of the Iranian regime".

The same day as the sanctions were reimposed, SWIFT, the Belgium-based bank messaging system, suspended some Iranian banks from using its system.

Trump announced in May his government was withdrawing from what he called the "worst ever" agreement negotiated by the United States.

All of the other signatories, China, the European Union, France, Germany, Iran, Russia and the United Kingdom, have remained in the deal despite USA action.

FALLING EXPORTS Iran said it would ignore the sanctions.

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"What the Americans are doing today is putting pressure merely on the people", he said, according to a transcript of the remarks posted on the president's website.

Japan said it was pleased to be temporarily spared from possible penalties for importing Iranian oil.

The "senior" cleric, who is Friday Prayer leader in Mashhad, also warned Iran could send the price of oil skyrocketing to $400 a barrell by confiscating tankers and creating a blockage in the Persian Gulf.

Rouhani, during remarks made on state television, compared President TrumpDonald John TrumpSoros rep: Fox News refuses to have me on Rihanna vows that her songs will never again play at Trump's "tragic rallies" Midterm vote to set cyber agenda MORE to Iraqi dictator Saddam Hussein, saying there is "no difference" between the us president and the man who led a war against Iran in the 1980s.

The US wants to shut down Iran's crude oil exports with the embargo. USA crude futures were up about 1 percent at $US63.85 a barrel. The fear was that the sanctions deadline would have pushed oil prices sharply higher.

Rouhani said even without the waivers Iran would still be able to sell its oil, semi-official Tasnim news agency reported. Many should choose the United States, or have already done so.

Japan said on Tuesday it would soon raise Iran imports in accordance with the waivers.

The US is forcing other countries to cut off ties with Iran and has threatened to impose sanctions on them as well. And, they say, the agreement was the best way to slow Iran's nuclear development. The Assad government now controls more territory than any other warring party in Syria, courtesy of Iran and Russian Federation.

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