Donald Trump warns countries against trading with Iran after Washington reimpose sanctions

Alicia Cross
August 9, 2018

Rouhani claimed President Trump's exit from the nuclear deal revealed what he calls "America's lack of commitment to global obligations".

Mr Trump abandoned the Joint Comprehensive Plan of Action (JCPOA), which saw Iran limit its controversial nuclear activities in exchange for sanctions relief, in May.

The US has demanded Kim Jong-un relinquish his nuclear weapons before sanctions are lifted.

Iranian President Hassan Rouhani has told North Korea that the United States can not be trusted, as the U.S. seeks a deal to rein in the North's nuclear and missile programmes.

The US leader took to Twitter on Tuesday to issue a strong warning to anyone doing business with Iran, after he reimposed sanctions on the country.

"They can't think that Iran won't export oil and others will export".

Iran's Labour Minister Ali Rabiei was impeached on Wednesday after months of mounting anger over the government's handling of an economic crisis which has deepened with the return of U.S. sanctions.

"Our policy is based on a clear-eyed assessment of the Iranian dictatorship, its sponsorship of terrorism, and its continuing aggression in the Middle East and all around the world", the president said.

Iran routinely operates small boats in the Strait of Hormuz and the surrounding area, and has often threatened to shut down the busy waterway.

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Thousands of Iranians have rallied in recent days to protest mounting unemployment and a dramatic drop in the currency, blaming the regime-not the United States-for months of economic turmoil, a Politico reporter said Wednesday.

Countries like Russia, China and Turkey, however, have said that they would not abide by the U.S. sanctions, and would continue to trade with Iran.

"Prices are rising again, but the reason is government corruption, not U.S. sanctions", said Ali, a 35-year-old decorator in Tehran.

However, a senior United States official said it was "not particularly concerned" by the move because many major firms had already announced they were pulling out of Iran.

Iran's regional rivals Israel and Saudi Arabia have welcomed the tough new USA policy.

Iran's currency has lost around half its value since Trump announced the USA would withdraw from the nuclear pact, but has surged since Sunday, following the arrest of the central bank's currency chief and new plans being announced.

Ali Vaez, Iran project director for the International Crisis Group, told em AFP /em that the sanctions would inflict "significant harm" on the Iranian economy.

'Isolating Iran could boost radical and fundamentalist forces, ' he said, adding that 'chaos in Iran, as we have experienced in Iraq or Libya, would further destabilise an already troubled region'.

Other reports by Free-Prsite

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