‘Economic War’: Iran Vows to Continue Selling Oil as US Sanctions Take Effect

Monday, November 5, 2018
By Paul Martin


The US government fully reinstates energy and banking sanctions against Tehran on Monday, however, eight countries will receive temporary sanctions waivers due to their significantly reduced import of oil from Iran.

Iranian President Hassan Rouhani has vowed that Tehran would sell oil despite the “illegal and unjust” sanctions reimposed by the United States,.

“The fact that the Islamic Republic of Iran can sell its oil and will sell its crude… even if these countries [buyers of Iranian oil] have not been offered waivers. We would have been selling our oil with honor… We will break these sanctions with honor, because these sanctions are cruel and are against the international law,” Rouhani said, as quoted by the Press TV broadcaster.

“We are in a situation of economic war, confronting a bullying power. I don’t think that in the history of America, someone has entered the White House who is so against law and international conventions,” he added.

Commenting on the US sanctions, Iranian Foreign Minister Javad Zarif said that the United States has disregarded the International Court of Justice (ICJ) and the UN Security Council by reimposing sanctions on Iran.

“Today, US defied UN top court & Security Council by reimposing sanctions on Iran that target ordinary people. But US bullying is backfiring, not just because JCPOA is important, but because the world can’t allow [US President Donald] Trump & Co. to destroy global order. The US-& not Iran-is isolated,” Zarif wrote on Twitter.

At the same time, Iranian Foreign Ministry spokesman Qasemi said that the US economic pressure against Tehran is “futile,” noting that the Trump administration is “addicted” to imposing sanctions and withdrawing from international agreements.

Qasemi added that setting up a mechanism to continue trade with the EU despite US sanctions will take time.

Meanwhile, the Swiss announced Monday that they were holding talks with the US, Iran about humanitarian payment channel, aimed to ensure that food and drugs would keep flowing into the Islamic republic.

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