Iran sanctions: United States can't stop our oil exports, says minister

Iran sanctions: United States can't stop our oil exports, says minister

European governments - who signed the Iran nuclear deal along with Washington - are infuriated by Trump's strategy that has prompted many of their large firms to leave Iran for fear of USA penalties.

Critics accused him of mismanagement and blamed him for the country's recent economic problems, which have been exacerbated by the restoration of USA sanctions lifted under the 2015 nuclear agreement.

Iran's Foreign Minister Mohammad Javad Zarif met with his North Korean counterpart Ri Yong Ho on Tuesday (Aug 7), on the same day the United States reimposed nuclear-related sanctions on the Islamic republic.

Rouhani in a meeting with visiting North Korean Foreign Minister Ri Yong-hu on Wednesday again criticized the USA for its withdrawal from the nuclear deal.

The surprise meeting comes as US-Iran relations are further strained amid the first wave of the US reinstated sanctions coming into force.

Noting Iran's geographic proximity to Europe, Maas warned that 'anyone who's hoping for regime change must not forget that whatever follows could bring us much bigger problems'.

The first wave of US sanctions targeting Iran's automotive sector as well as gold, steel, and other metals went into effect Tuesday.

The high-level meeting follows the reimposition of sanctions on Iran by the US on Tuesday, which a White House statement said targeted the country's energy sector and foreign financial institutions doing business with the Central Bank of Iran.

Trump blasts Pelosi, LeBron James before OH campaign rally
The Ohio rally was Trump's third of the week and he has pledged to accelerate his pace further as the midterms approach. Troy Balderson is vying for an open House seat in central OH against Democrat Danny O'Connor, a county official.

A United Nations panel of experts has expressed concern over military collaboration between Iran and North Korea in the past.

China, Iran's top oil customer, buys roughly 650,000 barrels a day of crude oil from Tehran, or 7 percent of China's total crude oil imports.

At current market rates, the imports are worth about $15bn.

State energy firms CNPC and Sinopec have invested billions of dollars in key Iranian oil fields such as Yadavaran and North Azadegan and have been sending oil to China.

President Trump pulled out of the nuclear deal in May, calling it "disaster".

On Tuesday, US President Donald Trump wrote on social media that "anyone doing business with Iran will NOT be doing business with the United States". "Chaos in Iran -as we have experienced in Iraq or Libya- would destabilize an already troubled region even more".

The leaders of United States allies Britain, France and Germany are also pushing back against USA sanctions by pledging their commitment to the deal and protecting companies from U.S. penalties for doing business with Iran.

"I feel like my life is being destroyed", said one construction worker on the streets of the capital.

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