Netanyahu thanks Trump before Iran new sanctions come into effect

Netanyahu thanks Trump before Iran new sanctions come into effect

The EU, France, Germany and Britain, said in a joint statement on Friday they regretted US President Donald Trump's decision to restore sanctions on Iran, the world's No. 3 oil exporter.

During the last sanctions period, China funnelled nearly all its Iranian transactions through the Bank of Kunlun, controlled by Chinese state energy group CNPC, which was sanctioned by the U.S. in 2012 but shielded the rest of the sector from penalties. The European Union, France, Germany and Britain also slammed the upcoming U.S. measures.

Iran called on Saturday for European assurances of support in the face of Washington's intent to reimpose sanctions on vital Iranian oil sales to force Tehran to curb its nuclear, missile and regional activities. The International Atomic Energy Agency (IAEA) has confirmed in twelve consecutive reports that Iran is abiding by its commitments under the Agreement.

"With the blessing of God and the insight and vigilance of the Iranian nation, the 13th of Aban this year will turn into a show of national prowess and unity, the humiliation of the Great Satan, the condemnation of the hegemonic nature of the notorious U.S. regime and the Iranian nation's slap in the face of the deceitful United States president and officials", it added. In a wealthier area, CBS News met the Hossein family.

The students believed the U.S. would launch a counter-coup to return deposed shah Mohammad Reza Pahlavi to power - similar to the CIA-backed coup that overthrew Iran's elected government in 1953 - unaware that the king was already critically ill with cancer.

A source said: "Zarubezhneft left all the projects in Iran due to sanctions".

On Friday afternoon Trump tweeted an image of himself with the words "SANCTIONS ARE COMING" sprawled across him in the same font as the HBO show uses.

"The maximum pressure we have imposed has caused the rial (currency) to drop dramatically, [President Hassan] Rouhani's cabinet is in disarray, and the Iranian people are raising their voice even louder against a corrupt and hypocritical regime", Pompeo said. The second set of sanctions cover the middle-east country's shipping, financial and energy sectors.

There will also be sanctions to cut off Tehran's ability to export oil, the country's most crucial foreign exchange earner, though US Secretary of State Mike Pompeo said eight importers would be given exemptions in exchange for slowing their purchases - a bid to avoid upsetting the global crude market.

Indian Oil Minister Dharmendra Pradhan said his country and other leading oil importers would benefit from the USA waivers.

It is part of efforts by Iran and its customers to keep oil flowing ahead of a new USA embargo set to hit on Monday. The book, which the Post reported on in July, was released in time for the August 6 less-damaging United States sanctions. The government has made sure basic services like trash collection are working normally, and it's kept gas prices low at about 90 cents a gallon. Indeed, with United States gasoline prices still relatively high and midterm elections just days away, Trump has some incentive to soften his offensive. China, the leading importer of Iranian oil, is still in discussions with the US on terms, the report said. He did not name the countries.

For Brent, Razaqzada is watching the range between $69.50 and $69.60 a barrel, and if it were to slip below that, we could see a much larger correction, he said.

On Saturday, the eve of the anniversary of the 1979 takeover of the U.S. Embassy in Tehran, Iran's Supreme Leader said the Islamic Republic is the "victorious party" after almost 40 years of confrontation by the United States. "America has been defeated by the Islamic Republic over the past 40 years".

"America's goal has been to re-establish the domination it had [before 1979] but it has failed".

"The magnitude of recent selling is strongly suggesting that global oil demand is weaker than expected as a result of tariff issues, especially between the USA and China", said Jim Ritterbusch, president of Ritterbusch & Associates.