Iranian President No One Will Benefit From U.S. Nuclear-Deal Exit

Iranian Vice President Jahangiri speaks during a news conference after a meeting with Iraq's top Shi'ite cleric in Najaf

Iranian officials have previously threatened to block the Strait of Hormuz, a major shipping route in retaliation for any USA actions.

India is looking at the possibility of falling back on the rupee-rial arrangement for importing oil from Iran in the wake of U.S. sanctions on buying oil from the Persian Gulf nation, official sources said Wednesday. They have expressed strong disappointment at the USA withdrawal.

Since Trump's announcement of the USA withdrawal in May, his administration has sought to reimpose sanctions on Iran and has encouraged other countries to do the same.

During the meeting the ministers will discuss an "incentive package" the European Union is offering to try to persuade Iran to stay in the agreement, IRNA reported. "Therefore, we will import goods from oil clients such as India, China and South Korea as we did during the previous round of sanctions". This week the U.S. State Department reiterated its intention to get tough with all countries engaging with Iran for trade, energy and infrastructure projects.

But Hanegbi said Iran could not rely on China to offset the impact of USA sanctions.

Government officials called speculation over the cancellation "unfounded".

India may likely to fall back on the rupee-rial arrangement for importing oil from Iran in case the U.S. forces it to cut procurement of petroleum products from that country, the sources said.

But all the other signatories to the nuclear deal say they still support it.

Trump says he’ll announce Supreme Court pick July 9
June 30, 2018- President Donald Trump has already said he plans to pick a young Supreme Court justice who could serve for decades. Trump has narrowed his list of Supreme Court finalists to five candidates, including two women.

The European Union, once Iran's biggest oil importer, has vowed to keep the 2015 deal alive without the United States by trying to keep Iran's oil and investment flowing.

India is an oil-dependent country and will act what is in its national interests, they said.

"It will increase the prices of oil in the global markets", he said.

Then on Friday in the Austrian capital, Iran's foreign minister will meet the top envoys from the five powers still party to the JCPOA - Britain, China, France, Germany and Russian Federation - according to Iranian state media.

The sanctions would include a universal ban on Iran over buying or acquiring USA dollars as well as restrictions over purchases of crude oil from the country and investing in its oil sector projects.

The top diplomats of Britain, China, France, Germany and Russian Federation will join Iranian Foreign Minister Mohammad Javad Zarif in the Austrian capital, Iran's official IRNA news agency reported, for their first talks together on the deal since Washington pulled out earlier this year.

Separately, Iran's interior minister Abdolreza Rahmani Fazli warned Tuesday that "if we close our eyes for 24 hours, 1 million refugees will go toward Europe through our Western borders" via Turkey.

The White House said on Saturday that Saudi Arabia's King Salman had promised Trump that he can raise oil production if needed, and that Riyadh has 2 million barrels per day of spare capacity.

Related news:

Hot News

isis-killer-beheading-video-story-top Kevin Spacey: London Police Investigate Three Sexual Assault Allegations
Jul 04, 2018 - 18:15
Police forces in London and Los Angeles are now investigating a number of claims of sexual assault made against Spacey . Pearce added, "Thankfully I was 29 and not 14". "This story has encouraged me to address other things about my life".

isis-killer-beheading-video-story-top Najib Razak's multi-million dollar corruption charges revealed
Jul 04, 2018 - 18:14
A total of 19 days was proposed for the trial in 2019, from Feb 18 to 28, Mar 4 to 8 and Mar 11 to 15, not including weekends. Najib Razak walks into a courtroom in Kuala Lumpur , Malaysia where he was charged with corruption offences.

isis-killer-beheading-video-story-top U.S. will 'absolutely' sanction European companies that do business with Iran
Jul 04, 2018 - 17:38
He said in the Fox interview that European companies would face sanctions if they traded with Iran now. It's awful what they do to us, he said.

isis-killer-beheading-video-story-top Trump supporters boycott Walmart for selling 'Impeach 45' clothing
Jul 04, 2018 - 17:34
Items both for and against President Barack Obama and former Secretary of State Hillary Clinton are also for sale. But once they're approved-a process that takes a few weeks-Walmart doesn't watch every item put up for sale.

isis-killer-beheading-video-story-top Diego Maradona offers to manage Argentina for free after World Cup exit
Jul 04, 2018 - 17:29
The impressive Ever Banega retains his place in a midfield that looks created to hit France on the breakthrough, Lionel Messi . With their victory, France advances to the round of eight to face a tough Uruguay squad who defeated Portugal 2-1.

isis-killer-beheading-video-story-top Horst Seehofer: Bavarian hardliner turned Merkel nemesis
Jul 04, 2018 - 17:05
In a message to skeptics at home, she added that "we can't act as though the issue of defense weren't a pressing one in our time ".

isis-killer-beheading-video-story-top How do the World Cup quarter finalists compare?
Jul 04, 2018 - 15:52
She also became a mother to Ronaldo's sons, who were born from surrogate mothers earlier. A World Cup title is the only thing missing from his collection of accolade.

isis-killer-beheading-video-story-top England's Jesse Lingard hails Gareth Southgate's 'revolution' of team
Jul 03, 2018 - 01:37
Lingard praised his club manager Jose Mourinho for showing faith in him and giving him the chance to shine at Old Trafford.

isis-killer-beheading-video-story-top Cristiano Ronaldo should play on for Portugal, coach urges after exit
Jul 03, 2018 - 01:18
Rodrigo Bentancur found Cavani on the right touchline and he swept a magnificent crossfield pass to Suarez. You'll see the teams doing their best to win.

isis-killer-beheading-video-story-top Tesla finally hits weekly production target for Model 3 cars
Jul 03, 2018 - 00:48
The 5,000th vehicle rolled off the assembly line at 5 a.m. on Sunday, five hours after Tesla's self-imposed deadline. Mr Musk has said that the Model 3 is the "best auto for its cost, either electric or gasoline".

isis-killer-beheading-video-story-top Trump defends 'brave' ICE agents as Dems call to abolish agency
Jul 03, 2018 - 00:48
Since then, calls to abolish ICE have grown from a whisper to a shout. "We should create something better, something different". The Trump administration has often pointed to a "crisis of illegal immigration " at the USA border.

isis-killer-beheading-video-story-top Belgium vs. Japan - Football Match Report
Jul 03, 2018 - 00:18
Belgium looked visibly rattled despite Eden Hazard hitting the post nearly immediately in an attempt to draw the Red Devils level. Vertonghen too marked a milestone with his goal, a looping header from out wide that caught Japan goalkeeper Eiji Kawashima cold.

isis-killer-beheading-video-story-top Rahul targets Modi on black money
Jul 01, 2018 - 10:29
Nearly exactly a year ago, in an address to the Institute of Chartered Accountants of India (ICAI) on July 1, 2017, Mr. Modi had highlighted a record 45% drop in deposits by Indians in Swiss banks.

isis-killer-beheading-video-story-top Edinson Cavani punishes Portugal with two brilliant goals
Jul 01, 2018 - 05:16
Cavani continued his run and Suarez curled the pass to the back post while Portugal defender Raphael Guerreiro was watching. Suarez and Cavani combined brilliantly for the seventh-minute opener on Russia's Black Sea coast.

isis-killer-beheading-video-story-top When is the Fortnite Playground LTM coming back?
Jul 01, 2018 - 04:27
Players flocked to Twitch and booted up their own copies of Fortnite to watch the rocket launch live. On top of that, the much-anticipated Playground Mode still isn't here.