Trump tweets himself as star of own Iran sanctions movie

Trump tweets himself as star of own Iran sanctions movie

"The other six will import at greatly reduced levels", U.S. Secretary of State Mike Pompeo said.

Pompeo said two of the jurisdictions, which he did not identify, will wind down Iranian oil imports to zero in "weeks".

"One-hundred percent of the revenue Iran receives from the sale of crude oil will be held in foreign accounts and can be used by Iran only for humanitarian trade or bilateral trade in non-sanctioned goods and services", he said.

On Friday, Donald Trump's United States administration announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored after the USA president withdrew the U.S. from the 2015 nuclear agreement in May.

The US said the sanctions are not aimed at toppling the government, but at persuading it to radically change its policies, including its support for regional militant groups and its development of long-range ballistic missiles.

The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations cannot be ignored, oil minister Dharmendra Pradhan said Saturday.

On the conference call, Treasury secretary Steve Mnuchin responded to these criticisms by calling it "misinformation" and stating the administration would indeed be imploring SWIFT to cut off designated Iranian institutions.

After the US' withdrawal from the deal, Trump signed fresh sanctions against Iran and warned countries against any cooperation with Tehran over its controversial nuclear weapons programme. The book, which the Post reported on in July, was released in time for the August 6 less-damaging U.S. sanctions.

The European Union, France, Germany and Britain, parties to the nuclear agreement who are trying to keep it alive, said they regretted Washington's decision to reimpose sanctions.

All of these dynamics will help Iran survive and outlast the impact of the sanctions, even as the negative impact is severe, he said.

The sanctions take effect Monday and cover Iran's shipping, financial and energy sectors. On Monday, the USA pullout from that deal will be complete, with sanctions back in place.

"We have committed to work on ... the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas", it said.

"In May, Trump pulled the USA out of the 2015 landmark Joint Comprehensive Plan of Action (JCPOA) terming it as disastrous".

Going after Iran´s oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market - Iran is the OPEC cartel´s third-largest producer - with major consequences for world supply.

The EU says 12 consecutive reports from the International Atomic Energy Agency show that Iran has stuck to the terms of the deal.

When Trump withdrew from the nuclear deal struck between world powers and Iran, he began reimposing sanctions that had been suspended or removed by his predecessor Barack Obama.

Besides India, the USA has agreed to let seven more countries including Japan and South Korea to keep buying oil from Iran after it reimposes sanctions next week.

Anas al-Hajji, a Houston-based oil expert, said the fall in Iranian exports was tough to assess but he expected "less than what most analysts are talking about". It has also sought a carve out from curbs on ports for Chabahar port in Iran which it has helped develop and uses as gateway to Afghanistan and Central Asia.

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