Rouhani: Iran to stick to nuclear deal if interests are preserved

Iran to allow private sector to export oil, beat US sanctions

Rouhani said the new USA pressure would never succeed. "There's going to be enormous amount of pressure brought to bear on USA allies to comply".

"Iranian crude oil will be offered on the bourse and the private sector can export it in a transparent way", First Vice President Eshaq Jahangiri told an economic event in Tehran broadcasted live on state television. The Paris-based NCRI is a collection of Iranian opposition groups that backs the overthrow of Iran's clerical leadership.

Dozens of European companies have already dropped plans for investment in Iran, including the French oil giant Total.

An EU spokesperson said Brussels is in regular contact with Washington regarding the oil sanctions and stressed that "the EU remains fully committed to the nuclear deal and to the full and effective lifting of all nuclear-related sanctions on Iran".

Referring to reports that Saudi Arabia may increase its oil exports to replace Iranian oil in world markets, Jahangiri said: "Anyone trying to take away Iran's oil market (share) would be committing great treachery against Iran and will one day pay for it". In 2010, Germany joined the five permanent members of the U.N. Security Council-Russia, China, Britain, France and the USA -to impose tough new sanctions on Iran's banking and financial sectors and to block its ability to get paid for oil sales.

They said the Iranian diplomat in Vienna was believed to be a contact of the couple.

"The main goal of the United States by imposing sanctions is to put pressure on people, but they claim that they want to put pressure on the Iranian government, but when they apply sanctions on people's basic needs like medicine, who will be put under pressure?" he asked during the meeting.




"We should send a message to Washington showing how much the position of countries participating in the deal differs from the stance of (US President) Donald Trump", he said.

The arrests came as Iranian President Hassan Rohani began a trip to Europe. After the USA pulled out of the nuclear deal with Iran, Washington has been pushing allies to cut oil imports from Iran altogether by November.

Meanwhile, a major focus of Trump's campaign is to drive Tehran's economy-sustaining oil exports to zero. But crude oil from Iran now only accounts for about 5 percent of Japan's total oil imports, according to the Ministry of Economy, Trade and Industry.

He added, "I'm afraid this exercise is not going to have any meaningful impact on the situation", as European countries have already made clear they want to stick to the deal, but can not force companies to stay in the Iranian market in the face of new U.S. sanctions. Saudi Arabia is planning to push up oil production to record levels of about 11 million barrels per day starting in July, Reuters reported Tuesday.

"I don't think the State Department would have the confidence to say "zero exports" if they didn't have China on board", said Sara Vakhshouri, a veteran of the Iranian state oil company now at SVB Energy International, an energy consultancy.

But the sources said the government told the Iranian side by late June that Abe would not be able to realize the visit. In the coming days, he said, he was headed to carry out "very close consultations" Germany, France, and Britain ahead of Trump's anticipated visit.

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