US begins to dismantle Iran nuclear deal sanctions relief

US begins to dismantle Iran nuclear deal sanctions relief

US begins to dismantle Iran nuclear deal sanctions relief

The rial's decreased value is expected to result in an increase in the price of imported goods and push up the inflation rate.

The situation has worsened since President Donald Trump pulled the United States out of Iran's 2015 nuclear deal with world powers last month, announcing further sanctions against Tehran. Earlier this month, Trump faced isolation during recent G7 summit in Quebec, Canada skipping several sessions on climate change, clean energy and oceans.

Traders from the bazaar, whose merchants supported Iran's 1979 Islamic revolution, told Reuters by telephone that most shops remained closed. This is the second wave of protests this year as the previous one last December and January had been suppressed by the police forces.

A senior State Department official told CNN that sanction waivers aren't out of the question but aren't likely, either. He did not elaborate on the number of people detained.

"There is a level of frustration that people have with regard to the regime activity and behavior, the enrichment of the military and clerical elite and the squeezing out of the life of the economy", the senior State Department official said.

While the Iranian people struggle to pay for food and essential items, the government does little to address their problems.

"We are fighting against the United States, it wants to make an economic war", the president said.

The value of the USA dollar has been increasing, as a result of which the prices of raw materials increase too. Iran agreed to limit its enrichment of uranium in exchange for the lifting of economic sanctions. Iran, which is the third-biggest oil and second-biggest natural gas producer in the world, is to be barred from selling its oil.

Nayara Energy - owned by Russian oil giant Rosneft - is also reportedly planning to scale back its Iranian oil imports.

Parliament Speaker Ali Larijani, speaking at the same event as Rouhani, appeared to directly criticize his administration.

His comments follow those of hardline judiciary chief Ayatollah Sadegh Larijani, who threatened "economic saboteurs" with execution on Tuesday.

The State Department official, who briefed reporters on condition of anonymity, said the US plans to speak with the governments of Turkey, India and China, all of which import Iranian oil, about finding other supplies.

"Iran exports a total amount of 2.5 million barrel per day of crude oil eliminating it easily and in a period of a few months is impossible", an Iranian official told Tasnim news agency, adding that the efforts of the usa to stop Iran's oil flow will fail. The official wasn't authorized to be identified by name and briefed reporters on condition of anonymity.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.