World News

President Rouhani says Iran to continue oil exports and oppose U.S. Economic war

President Rouhani says Iran to continue oil exports and oppose U.S. Economic war
President Rouhani says Iran to continue oil exports and oppose U.S. Economic war

Iran will continue to export petroleum despite U.S. sanctions, that are a part of a psychological warfare doomed to collapse, Iranian President Hassan Rouhani said on Monday.

From reimposing sanctions on OPEC‘s third largest crude producer, Washington would like to force Tehran to lose its own ballistic missile programmes, further curtail its atomic work and restrict its own support for proxy militias from Syria into Lebanon and Yemen.

“We won’t yield to the pressure, which is an element of the psychological war launched against Iran,” Rouhani stated at a speech at the city of Khoy, broadcast live on state television.

“They’ve failed to prevent our petroleum exports. We’ll keep exporting it… Your regional policies have failed and you also blame Iran for this collapse out of Afghanistan to Yemen and Syria,” he added, to chants of”Death to America!” .

Rouhani said Washington lacked the required global support because of its sanctions, also noticed that it had given temporary waivers to eight big buyers of petroleum.

Also Read: Coast Guard seizes around $500 million worth of Cocaine at Sea

“America is dispersed today. Iran is encouraged by many nations. Except for the Zionist regime (Israel) and a few countries in the area, no other nation backs America’s pressure on Iran,” he explained.

Even the European Union, France, Germany, Britain, Russia and China, participants together with the United States at the 2015 bargain that raised sanctions on Iran in exchange for curbs on its nuclear programme, have been looking for ways to bypass the U.S. restrictions.

Specifically, the EU was attempting to set a Special Purpose Vehicle (SPV) to get non-dollar commerce with Iran.

However, this hasn’t stopped foreign companies which range from petroleum companies and trading houses to companies leaving Iran for fear of incurring U.S. penalties.

Iran has threatened to leave the deal when its economic advantages aren’t maintained, but Foreign Ministry spokesman Bahram Qasemi told a news conference that it remained”optimistic that the Europeans could conserve the bargain”.

The SPV was conceived as a clearing house that may be used to match Iranian gas and oil exports from buys of EU products, bypassing the U.S. sanctions, that can be predicated on the worldwide usage of the dollar for oil trade.

The EU wished to possess the SPV setup by this season, but no nation has offered to sponsor it, six diplomats told Reuters last week.

Also Read: US prosecutors talking with the blamed Russian agent to resolve case

“We anticipate EU to execute the SPV when you can,” Qasemi said. “Iran adheres to its responsibilities as long as some other signatories honor theirs.”


About the author

Michael Gerson


Michael has worked with various big media House of USA. He is a nationally syndicated columnist who appears twice weekly in The Post. He is the author of “Heroic Conservatism” (HarperOne, 2007) and co-author of “City of Man: Religion and Politics in a New Era” (Moody, 2010). He appears regularly on the “PBS NewsHour,” “Face the Nation” and other programs. Gerson serves as senior adviser at One, a bipartisan organization dedicated to the fight against extreme poverty and preventable diseases. Until 2006, Gerson was a top aide to President George W. Bush as assistant to the president for policy and strategic planning. Prior to that appointment, he served in the White House as deputy assistant to the president and director of presidential speechwriting and assistant to the president for speechwriting and policy adviser.

To get in touch with Michael for news reports he published you can email him on [email protected] or reach him out in social media linked below.

Add Comment

Click here to post a comment