United States sanctions just the beginning

Psychological Economic Political War: Hassan Rouhani On US Sanctions

The protests, which began on Monday in Tehran and around the country - including economically hard-hit cities like Kermanshah in western Iran - featured shouts of "Death to Palestine", "No to Gaza, no to Lebanon" and "Leave Syria and think of us", highlighting Iran's continued support for Palestinian groups and Syrian President Bashar Assad despite the country's dire economic state.

But the official said that Trump administration officials have been visiting European and Asian countries to say that the USA expects their imports to be zeroed out by the time the grace period ends. Notably, both New Delhi and Beijing both are the major importers of Iranian oil.

Prohibited imports include home appliances, textile products, footwear and leather products, as well as furniture, healthcare products and some machinery, Tehran Times said.

In a televised speech Monday night, Iranian president Hassan Rouhani blamed Washington of waging economic warfare against the country.

On Monday, thousands of traders in the Iranian capital's Grand Bazaar held a rare strike over the rial's collapse on the foreign exchange market. The rial traded at 78,500 against the dollar in the unofficial market on Wednesday, according to foreign exchange website Bonbast.com.

After US president Donald Trump made a decision to withdraw from world powers' deal with Iran on its nuclear program, some US sanctions are to be reimposed in August and some in November. At the end of past year, it stood at 42,890, more than double this week's valuation.

"In the coming months we will see much more intervention in the economy by the government, a centrally imposed style of management by diktat", he said.

If India believed that just like the first round of Iran sanctions, it could negotiate a softer deal with the United States, those hopes were dashed.

England Coach Criticises Media For Leaking Team News
As well as possibly changing one of his forwards, Southgate is likely to have to alter his midfield from the one to start England's 2-1 victory over Tunisia .

This mean that the Trump administration will not allow countries to gradually phase out Iran's oil exports over the duration of many months like the Obama White House did. Iran has also requested European Union nations commit to buying oil from them as part of a deal to remain in the nuclear pact.

Private oil companies in India may already be backing down, however.

A senior Revolutionary Guards commander, meanwhile, on Wednesday that it was the responsibility of all Iranians to help the government overcome economic problems.

"Iran is in a weaker position to cope with these sanctions than it was during the last sanctions period two years ago", Emadi said. However, this spending has come at the expense of the domestic needs of the Iranian people, who have struggled for years under tough worldwide sanctions against the regime.

"Citizens of Iran, where'd your money go?"

And sanctions or not, some believe that Japan is unlikely to completely cut itself off from Iranian oil. Tehran real estate prices have climbed and Iran's stock market has jumped 17 percent since the end of May to a record high.

Oil prices surged more than 2.5 per cent in NY as traders digested the prospect of a much larger than expected loss of Iranian supply this winter.

Related:

Comments

Latest news

Germany eliminated from World Cup group stage for first time since 1938
Germany's task was made more hard when key defender Jerome Boateng was sent off in the 82nd minute for a second yellow card . Loew was appointed national team coach after the 2006 World Cup in Germany , when he was assistant to Juergen Klinsmann.

No, after you: Why England and Belgium may want to be second
Marcus Rashford is expected to take Raheem Sterling's place and Dele Alli is available again after training for the past two days. Romelu Lukaku is a doubt for Belgium's crucial World Cup top-of-the-table clash with England , report Sky Sports .

South Korea vs Germany: minute-by-minute coverage
The defending champions had to beat the Koreans in their final group match or hope Sweden could not get a result against Mexico. Mexico can feel a bit hard done by to not finish in pole position in Group F, but they'll be happy to be through at this point.

Joe Jackson is dead aged 89
Sources close to the Jackson family patriarch stated he was getting weaker as days progressed and were preparing for a farewell. Jackson eventually moved the family out to California where opened his own record label, Ivory Tower International Records.

IOS 12 public beta released: 4 reasons to try it
Apple applied to the US Patent office, which describes the new technology of handwriting recognition in real-time. Once you're done, you'll receive an over-the-air update to download and install iOS 12 on your phone .

Apple is developing high-end AirPods, two other enhanced audio accessories
Bloomberg on Monday reported that Apple is working on three new audio products that will all be released in 2019. Apple is working on a new set of headphones slated for 2019, according to a report from Bloomberg .

#JusticeForJunior: Lala Anthony & Carmelo Anthony Visit Lesandro 'Junior' Guzman-Feliz's Family
At least four other individuals are being sought in this deadly stabbing, which police believe is a case of mistaken identity. He spoke to Guzman-Feliz' mother on Sunday night and wants to work with her to figure out the best way to honor him.

Portugal held to 1-1 draw by Iran in dramatic fashion
Entering the final matchday, both teams are +1, so whichever team's margin of victory is higher would win Group B. Portugal and Spain are the two best teams in the world but we presented our team at the World Cup very well.

Trump threatens 20% tariffs on all European cars coming into US
Automotive News data shows about 7.2 percent of vehicles sold in the United States through May were assembled in Europe. The European Union, Canada, Mexico, and India are outraged and have retaliated by imposing tariffs on US goods.

Instagram celebrates 1 billion users by announcing IGTV video platform
According to Systrom, IGTV will not contain advertisements as of yet, but we probably can not expect this to last forever. People wanting to watch a one hour video on their TV, for instance, won't enjoy wasted screen real estate and black bars.

Supreme Court ruling lets states collect sales tax from online purchases
Online shopping sales have grown steadily for the past decade, but when it comes to sales tax, things get tricky. Instead, consumers were responsible for send states the necessary taxes - something that most people never do.

Uncertain Immigration Votes Set in House
President Trump repeatedly, and falsely, blamed Democrats for the practice and said there was nothing he could do to end it. Later, she toured a section of the facility where the children have bedrooms and was told they maintain their own rooms.

Mexico wins again at World Cup, beats South Korea
Korea's talismanic forward Son Heung-min struck a scorching consolation goal in injury time from outside the area. It almost paid off after Hirving Lozano out-sprinted his marker, but his final delivery was blocked away.

Trent Bridge: England's records-breaking venue
For Australia captain Tim Paine , the hurt was even worse than the blow to the face he suffered while keeping wicket in Cardiff. Following the shambolic defeat, the former English cricketers ripped apart their Ashes-rivals and ridiculed them on Twitter.

Oppo Find X Will Cost €999 When it Launches in August
There is only the USB Type-C Port, and that's present on the bottom, along with the SIM card tray and the speaker grill. Since the pop up camera has several motorised moving parts, the practicality of such a mechanism is questionable.

Other news