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Iranian official calls for negotiations with Washington in Iraq


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http://www.iraaqi.com/news.php?id=37242&news=1#.W6n6WqVOk0O......

Iraq and economic sanctions on Turkey and Iran
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Dr.. Haidar Hussein Al-Tohma / Al-Furat Center for Development and Strategic Studies

 

The two biggest trading partners of Iraq, Turkey and Iran face economic sanctions and severe financial crises that may alter the profile of existing economic ties with Iraq.Until 2017, the volume of trade with neighboring Turkey amounted to about 10 billion dollars, or about 22% of the total volume of trade exchange. While the share of Iran (7 billion dollars), equivalent to (13%) of the total volume of trade exchange with Iraq.

Recently, US sanctions and fees have dropped the Turkish lira to lose 14 percent of their value and approach the 6 lira barrier. Despite the pleas of Turkish President Recep Tayyip Erdogan on the need to resist the current crisis, by selling the dollar and retaining the Turkish lira to thwart the US plan to destabilize the Turkish economy, but the expectations of investors and the public continued the bubble increased speculation fever on the Turkish lira and distrusted the confidence of foreign investors to the Turkish economy, Which requires the Turkish government to activate the tools of monetary policy and other macroeconomic policies, rather than emotional rhetoric.

As for the Iranian economy, the economic sanctions imposed are deeper and more influential because they are linked to a regional political agenda aimed at destroying the Iranian regime from within through a package of US policies aimed at stopping the flow of foreign currency into Iran, removing foreign companies operating in it, On the global financial and economic system, as well as other policies aimed at weakening the capabilities of the Iranian economy and the Iranian government, and raising public opinion in Iran. The new US sanctions on Iran entered into force on Wednesday (8 August), targeting Iran's purchases of the US dollar and Iran's trade in metals, coal, software and the automotive sector. And led to the fall of the Iranian Toman by almost 150% to about (10,000 Tuman against one dollar) after it was about (4000 Toman against one dollar) earlier this year.

Partner sanctions What do you mean to Iraq?

Recently, due to the economic and financial crises affecting the neighboring countries, a number of analysts and those interested in the economic file point to the importance of taking the golden opportunity by activating the agricultural, industrial and commercial sectors and promoting the national economy, which has been affected by the dumping policies followed by neighboring countries to achieve economic growth. We wish to refer to a number of observations on these ideas, as follows:

1 - The decline in the exchange rate of the Turkish Lira and the Iranian Toman increases the competitiveness of these countries and increase the flow of goods and services from these countries, due to the low prices for domestic markets in Iraq and the stability of the exchange rate of the Iraqi dinar denominated in US dollars (about 1200 dinars per dollar), The opportunity of the national product to compete in the Iraqi market and not vice versa as some go.

2- The decline in the exchange rate of the currencies of the neighboring countries increases the influx of Iraqis for religious, medical and recreational tourism due to the strength of the dinar denominated in the US dollar and the weak currencies of these countries, which means increasing the purchasing power of the Iraqi dinar in those countries.

3. The recovery of the industrial sector in the country will not be achieved when the currencies of the trading partners fall, as some see (the logic of the international economy). In Iraq, the renaissance of the industrial sector needs a package of policies, including supporting and stimulating the private sector, reviewing the existing exchange rate assessment, providing infrastructure, securing funding bridges, appropriate fiscal policies, and other government measures.

The sector needs policies similar to those of the industrial sector, as well as the re-engineering of the country's water policy to ensure the subsistence of the population, the agricultural sector and other requirements.

Finally, it should be noted that the political, security, economic and social challenges that the country has been living in for years have required deliberate internal and short-term, medium and long-term policies, and that any policy is not deliberate towards floating the exchange rate or preventing basic imports from neighboring countries or engaging in regional alliances , May harm primarily the Iraqi citizen and increase the rates of poverty and deprivation and push the economy to the acute part of the crisis

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The European Union intends to establish a legal entity to continue trade with Iran

09:17 - 25/09/2018
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Information / Baghdad ..

European Union Foreign Minister Federica Mugherini said on Monday that the European Union would set up a legal entity to continue trade with Tehran, particularly the purchase of Iranian oil, thereby circumventing US sanctions against Tehran.

"The EU member states will establish a legal entity to facilitate legal financial transactions with Iran," Mujerini said at the end of a meeting to discuss the Iranian nuclear deal, which the United States withdrew from last May.

This came after Iranian Foreign Minister Mohammad Jawad Zarif held a meeting with Mugrini in New York on the sidelines of the UN General Assembly.

Mughrini said that the practical solutions proposed to secure Iran's demands regarding the continuation of the work of the nuclear agreement is in the final drafting stage and will be applied in practice in the near future, stressing that the European Union supports the continuation of the agreement. Ending / 25

http://www.almaalomah.com/2018/09/25/347902/

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Khamenei adviser rejects US offer to meet Iranian leaders

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29 minutes ago

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 NRT

Iran's top advisor Ali Akbar Velayati said on Tuesday Iran would never accept an offer by Washington to meet with Iranian leaders including Supreme Leader Ali Khamenei .

"The dream of Trump and Pompio will never turn into reality," he was quoted as saying on September 25 in response to a question from US President Donald Trump and Foreign Minister Mike Pompeo.

For his part, US President Donald Trump, who is in New York for the UN General Assembly, said he had no intention of meeting Iranian President Hassan Rowhani, but indicated that he may be ready for that in the future .

"Despite the demands, I have no plans to meet Iranian President Hassan Rowhani, maybe someday in the future, I am sure he is a very nice man," Trump wrote in a tweet on Twitter today .

The Iranian Revolutionary Guard, described earlier, US President Donald Trump, as "evil and reckless" and accused him of launching an economic war, about two months after Washington announced the re-imposition of sanctions on Tehran to increase pressure on them economically .

R.

http://www.nrttv.com/AR/News.aspx?id=4755&MapID=3

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Commodity Trading Company Vitol - Archive

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ABU DHABI (Reuters) - Vitol Commodity Group said on Tuesday it would stop working with Iran after the United States reinstated sanctions on Tehran's oil trade from November 4. A senior executive said.
"Working with Iran or anything related to Iran should stop," said Mike Mueller, a business development officer in Vitol, the world's largest oil trader, speaking on the sidelines of the Asia-Pacific Petroleum Conference in Singapore.

"We have a long relationship with Iran and I certainly look forward to the time when trade can resume, but for now, one needs explicit exemptions from the United States and the global banking community," he said.

The United States announced in May it would re-impose sanctions on Iran, the third-largest oil producer of the Organization of the Petroleum Exporting Countries, to force Tehran to renegotiate an agreement limiting its nuclear program.

The sanctions came into force on August 7, restricting the country's use of the global financial system and extending sanctions to the Iranian oil sector in November.

Some traders expect sanctions to lift up to 1.5 million bpd of crude from the market.

The price of world benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $ 80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump to move to boost global supply.

Muller said in remarks to the oil conference that any move to raise oil prices will need new engines, as current oil prices already include market risks.

"Anything that leads to higher numbers will require the emergence of some new evidence."

He said extra large amounts of non-Opec supply of up to two million barrels a day could flow into world markets next year, half of them from the United States.

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Middle East

Official: Iraq willing to form joint banks to support Iran, 'even in war'

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Official: Iraq willing to form joint banks to support Iran, 'even in war'
The flags of Iraq and Iran, neighboring countries and strong trade partners. (Photo: Reuters/Morteza Nikoubazl)
 

ERBIL (Kurdistan 24) – The chairman of the Federation of Iraqi Chambers of Commerce (FICC) stated on Tuesday that he felt Iraq would be willing to form a joint bank with Iran and affirmed support for its neighbor in the face of ongoing US sanctions on the Islamic Regime.

"We believe that if Iran falls under any pressure from sanctions and even in war, the Iraqi government will side with Iran," Chairman of  Jafar al-Hamdani said, during a meeting between businessmen of the two countries at Tehran’s Chamber of Commerce, according to semi-official Tasnim media outlet.

Such crucial and far-reaching international policy decisions are far from the purview of the FICC, whose responsibilities include coordinating the work of Iraq's chambers of commerce, business registrations, and attending regional trade exhibitions.

“We as the private sector stand by the Iranian nation and do not accept sanctions and international pressure,” Hamdani added.

The US imposed one set of sanctions on Iran in early August, dealing with the import of Iranian metals and automobiles. The more important sanctions, however, are set to take effect on Nov. 5 and will include the oil, financial, and shipping sectors.

Iran’s economy has been on a continuous decline in the past year and the rial has lost over 60 percent of its value with the currency hitting new lows every month as foreign businesses leave. The latest record is at 160,000 to a dollar on Bonbast.com, a website which tracks the rial’s unofficial exchange rates.

In this climate, some officials close to Tehran’s clerical government have reiterated such continued support for Iran, even saying they were willing to conduct trade with the rial.

Hamdani went on to promise Iraq’s expansion of economic ties with Iran and added that "global arrogance is seeking to create evil… dictatorial rule in the region, and prevent free nations."

"Global arrogance" is a term regularly used by the Islamic Republic’s officials to describe Western powers, with its Supreme Leader describing the US as “the true embodiment” of the phrase.

“But we want to stand side by side against these demons,” the official affirmed.

Explaining that there are different methods to battle the issues of banking with the current situation of the two countries' in mind, Hamdani said, "We will use local and shared banks to solve this problem, and if Iran’s banks are willing to do so, we can create Iranian joint Iraqi banks."

Editing by John J. Catherine

Middle East

http://www.kurdistan24.net/en/news/0593a26f-6db6-4112-9632-8f454741894e

 

Edited by Butifldrm
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2- The decline in the exchange rate of the currencies of the neighboring countries increases the influx of Iraqis for religious, medical and recreationaltourism due to the strength of the dinar denominated in the US dollar and the weak currencies of these countries, which means increasing the purchasing power of the Iraqi dinar in those countries.

 

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It is true that the purchasing power for iqd increases because of the high demand for it from these two countries. Hopefully the CBI starts collecting the dollars(which we saw from the latest article) because these countries no longer see the use of it ...they are relying toward iqd because of its strenght. Hopefully we see the rv on iqd before October kicks in...cheers to all dvers.

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Editorial Date: 2018/9/25 23:07 • 266 times read
Rouhani: People's security is not a game in the hands of the United States
[Ayna-follow] 
Iranian President Hassan Rowhani confirmed that the current US administration is determined to make all international institutions ineffective.

 
Rohani said during the opening of the seventy-third session of the United Nations General Assembly today that it is necessary to eliminate the illusion of some countries to achieve security and peace at the expense of others, pointing out that the nuclear agreement is the outcome of a decade of talks .. Washington has not complied with its commitments. 
Rohani said that the absence of international institutions in the current circumstances affect global peace, stressing that Iran is cooperating with friendly countries in the fight against terrorism. 
He stressed that the security of peoples is not a game with the United States and the Security Council is not an American circle. 
Rohani said: "Since the beginning of the crisis in Syria, we have warned against interfering in its internal affairs and supporting terrorists," adding that the continued crimes of the Israeli occupation against the Palestinian people were caused by American support.
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Europe Unveils "Special Purpose Vehicle" To Bypass SWIFT, Jeopardizing Dollar's Reserve Status

Profile picture for user Tyler Durden
Wed, 09/26/2018 - 04:20

In a stunning vote of "no confidence" in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.

Writing in the German daily Handelsblatt, Maas said "Europe should not allow the US to act over our heads and at our expense. For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system," he wrote.

Maas said it was vital for Europe to stick with the Iran deal. "Every day the agreement continues to exist is better than the highly explosive crisis that otherwise threatens the Middle East," he said, with the unspoken message was even clearer: Europe no longer wants to be a vassal state to US monopoly over global payments, and will now aggressively pursue its own "SWIFT" network that is not subservient to Washington's every whim.

Many discounted the proposal as being far too aggressive: after all, a direct assault on SWIFT, and Washington, would be seen by the rest of the world as clear mutiny against a US-dominated global regime, and could potentially spark a crisis of confidence in the reserve status of the dollar, resulting in unpredictable, and dire, consequences.

However, despite the diplomatic consequences, Europe was intent on creating some loophole to the US ability to weaponize the global currency of account at will, something observed most recently as part of Trump's latest sanctions on Iran, and as a result, late on Monday, the European Union said that it would establish a special payment channel to allow European and other companies to legally continue financial transactions with Iran while avoiding exposure to U.S. sanctions.

The move, as the WSJ notes, "is a direct rebuke of President Trump’s policy on Iran and his decision to withdraw from the nuclear deal in May," and sets the stage for a confrontation between the U.S. and Europe over the treatment of Iran, the payment for Iran oil, and potentially, jeopardizing the reserve currency status of the dollar itself.

While keeping SWIFT as is, for now, the EU's foreign-policy head Federica Mogherini side by side with Iran’s Foreign Minister Javad Zarif announced a "special purpose vehicle" jointly, in English and Farsi, after a meeting at the U.N. of the parties still committed to the deal—Iran, EU, U.K., France, Germany, Russia and China. In fact, everyone but the US.

mogherini%20zarif.jpg EU foreign policy chief Federica Mogherini (r), speaking alongside Iranian Foreign Minister Mohammad Javad Zarif

According to Mogherini, the plan to create the SPV "will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran, and this will allow European companies to continue trade with Iran" despite Trump's opposition.

As Bloomberg's Leonid Bershidsky explains, with Iran sanctions back, it is clear to the Europeans (as well as the Chinese and Russians) that any future transactions with Iran must go through entities insulated from the American financial system.

In a July 2018 report, Axel Hellman of the European Leadership Network think tank and Esfandyar Batmanghelidj of the Iranian company Bourse & Bazaar proposed “a new banking architecture” in response to the U.S. sanctions, relying on the existing system of “gateway banks,” such as the Hamburg-based Europaeisch-Iranische Handelsbank, and the European branches of private Iranian bank. “A further third category of gateway banks can be envisioned,” they wrote, “which would comprise of special purpose vehicles established by European governments, or as part of public-private partnerships in order to facilitate Iran trade and investment.”

The new plan focuses on this third option.

Mogherini further indicated that Germany, France and the U.K. would set up a multinational state-backed financial intermediary that would deal with companies interested in Iran transactions and with Iranian counter-parties. Such transactions, presumably in euros and pounds sterling, would not be transparent to American authorities. European companies dealing with the state-owned intermediary technically might not even be in violation of the U.S. sanctions as currently written.

And, in a potentially massive development, the system would be likely be open to Russia and China as well as it would enable the world's economies to trade with each other, fully independent of SWIFT.

Europe would thus provide an infrastructure for legal, secure sanctions-busting — and a guarantee that the transactions would not be reported to American regulators.

That said, Washington would not be without recourse, although at that point, all the U.S. could do is sanction the participating countries’ central banks or SWIFT for facilitating the transactions (if the special purpose vehicle uses SWIFT, rather than ad hoc messaging).

That, Hellman and Batmanghelidj wrote, would be self-defeating: “There are two possible outcomes if these institutions proceed to work with Iran despite U.S. secondary sanctions. Either U.S. authorities fail to take enforcement action given the massive consequences for the operations and integrity of the American financial system, serving to “defang” the enforcement threats and reduce the risk of European self-sanctioning on the basis of fear, or U.S. authorities take such an enforcement action, a step that would only serve to accelerate European efforts to create a defensible banking architecture that goes beyond the Iran issue alone.”

Europe, naturally, needs a "neutral" pretext to implement this SPV, and that would be Brussels' desire to continue transacting with Iran:

“We are not backing down [on the Iran nuclear agreement],” said a European diplomat. He said the speeches of European leaders at a Security Council meeting Mr. Trump is hosting on Wednesday on nonproliferation, including Iran, will reflect the Monday night statement.

Additionally, as basis for the potentially revolutionary development, the participants of the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action or JCPOA, "underlined their determination to protect the freedom of their economic operators to pursue legitimate business with Iran."

While the details of the SPV mechanism — which would be set up in future meetings with technical experts — were still to be determined, with the United States and the dollar dominating so much of global trade the statement said the new mechanism would "facilitate payments related to Iran's exports (including oil) and imports, which will assist and reassure economic operators pursuing legitimate business with Iran."

"In practical terms, this will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world," she told reporters.

As a result of Trump's aggressive new sanctions on Iran, and potentially more sanctions after November as Trump hinted during his UN speech, European companies have been flocking out of Iran’s market and ending contracts to avoid risking U.S. sanctions.  Meanwhile, Iran - which has argued that the 2015 deal entitled the Islamic Republic to benefit from lifting of sanctions and to enter the world market - has seen its economy stumble, with the currency collapsing almost daily against the U.S. dollar since the U.S. exited the deal.

Telegraphing that Europe will continue cooperation with Iran despite US sanctions, Mogherini said Iran has remained fully committed to its obligations under the nuclear deal, as certified by a dozen reports from U.N.’s nuclear watchdog, the International Atomic Energy Agency. She also hailed the 2015 agreement as a major achievement for diplomacy and nonproliferation and “deeply regrets” what she called the unilateral withdrawal of the U.S. from the deal.

* * *

In any case, creating "a defensible banking architecture" may well be the end goal for the Europeans, China and Russia, anyway because, as noted above, Iran is merely a convenient pretext: after all, the nuclear agreement is one of the few things that unite the EU, China and Russia against the U.S.

But, as Bershidsky notes, "working to undermine the dollar’s global dominance isn’t ultimately about Iran at all. In his recent State of the European Union speech, European Commission President Jean-Claude Juncker called for strengthening the euro’s international role and moving away from traditional dollar invoicing in foreign trade."

China and Russia have long sought the same thing, but it’s only with Europe, home of the world’s second biggest reserve currency, that they stand a chance of challenging American dominance.

While it remains to be seen if the “special purpose vehicle” would entice European companies such as France's Total or Germany's Daimler to get back into business with Iran remains to be seen, the optics of the move by the European Union together with China and Russia to defy the U.S. signaled continued criticism of the Trump administration for its decisions on Iran.

More importantly, it strikes at the heart of the current economic and financial system which is held together by the dollar. By providing an alternative, the global #resistance sets the stage for what potentially could be the ascendancy of other global reserve currencies, and/or a world of bilateral trade agreements which bypass both the US Dollar and Swift entirely, eliminating Washington's "veto powers" on global trade.

Given U.S. law enforcement’s wide reach, there would still be a risk involved, and European governments may not be able to protect the companies from it. Some firms will be tempted to try the new infrastructure, however, and the public isn't likely to find out if they do.  In any case, in response to Trump's aggressive foreign policies and "weaponization" of the dollar, it is worthwhile for Europe, Russia and China to experiment with dollar-free business.

But this brings up the bigger point: no currency’s international dominance has lasted forever, and there’s no reason for the U.S. dollar to be the exception to this rule.

reserve%20currency%20status.jpg

Meanwhile, as Bershidsky concludes, "Trump’s confidence in his ability to weaponize the dollar against adversaries and stubborn allies alike could eventually backfire for the U.S. as efforts to push the dollar off its pedestal grow ever more serious."

https://www.zerohedge.com/news/2018-09-25/europe-unveils-special-purpose-vehicle-bypass-swift-jeopardizing-dollars-reserve

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Report: India plans not to buy Iranian oil by November

Report: India plans not to buy Iranian oil by November

25 September 2018 11:50 PM
direct : a newspaper report that India is planning not to buy oil from Iran by next November, a move that makes Tehran lose one of the biggest importers of crude , including with the approach of the imposition of US sanctions.

The Indian oil company and Bharat Petroleum did not request any Iranian shipments of oil for import in November, according to officials of the two companies.

The report also said an official at Mangalore Refining and Petrochemicals said that the company did not submit any requests for the import of Iranian oil in November, but pointed out that it may do so later.

India is the second largest buyer of Iranian oil, with an average of about 577,000 bpd since the beginning of this year, about 27 percent of Tehran's crude exports.

The United States threatened companies with sanctions if it bought Iranian oil by Nov. 4.

With US sanctions against Iran looming, which could lead to supply shortages, oil prices hit their highest levels in four years as Brent crude hit $ 82 a barrel during the day.

 
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26-09-2018 02:52 PM
image.php?token=50033952e45bdf58cab317b5d48e7518&size=
 


 

 

Iranian President Hassan Rowhani on Tuesday criticized Washington for its hostile policy towards his country, saying the American approach was "doomed to failure." 

"Our proposal is clear: commitment is a commitment to a commitment and a violation in exchange for a violation and a step in exchange for a step instead of talking for words," Rohani said in a speech to the United Nations General Assembly on Tuesday. "What Iran says is clear: no war, no sanctions, no threats, , Only must act in accordance with the law and implement the obligations'. 

He added that there was no better way to dialogue.

For his part, US President Donald Trump, in his speech, stressed that 'Iran's leaders finance terrorism in the Middle East,' noting that 'the leaders of Iran stole billions of dollars of public funds to finance terrorism'. Trump stressed that the leaders of Iran 'are planting chaos and death and destruction'. 

He also considered that 'the deal of the Iranian nuclear program was a gain for the leaders of Iran', condemning 'corrupt dictatorship in Iran'. "We will not allow those who support terrorism to possess nuclear weapons," he said, calling on the United Nations to isolate the Iranian regime.

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A report reveals a devastating blow to Iran by one of its most important allies

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8 hours ago

 

India is currently planning to stop buying   any Iranian oil in November, increasing the likelihood that Tehran will lose another key customer and strike a strong blow to its oil exports before US sanctions are imposed .

India joins other Asian buyers such as South Korea and Japan, which have already suspended imports from Tehran before US restrictions came into force in early November,according to an American report published in the Business Standard on Wednesday (September 26th, 2018) .

The Indian Oil Company and Bharat Petroleum, the two largest state-owned refineries, did not ask for Iranian shipments to be loaded in November, according to corporate officials .

The report said that Nayara Energy was not planning any purchases, as one industry executive said. An official at Mangalore Refining and Petrochemical Co. Ltd. said it had not submitted any nominations for that month but might do so later .

He explained that these companies, the largest four buyers of Iranian oil in India, which imports most of the country's imports from Tehran, but will not finalize its final decisions on purchases until early October .

"Iranian exports may fall below 1 million bpd in November, with Indian refineries unlikely to load anything," Amrita Sen, chief oil analyst at London-based Energy Associates Ltd, said in a note to customers. , And the reduction (and imports) of China as well. "

The rapid decline in Iranian exports helped push Brent, the world benchmark, to a four-year high above $ 80 a barrel .

India is the second largest buyer of Iranian oil, importing an average of 577,000 bpd this year, or about 27 percent of the Middle East's exports, according to Bloomberg data tracking tankers .

With many Asian and European countries cutting imports to zero, the loss of Indian refineries, even if temporary, is a blow to Tehran.

http://www.nrttv.com/AR/News.aspx?id=4793&MapID=4

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Rouhani: Tehran does not want to engage in a war with America in the Middle East

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4 hours ago

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NRT

Iranian President Hassan Rowhani said on Wednesday Tehran did not want to go to war with the United States in the Middle East, saying Washington's presence in Syria was illegal.

"His country does not intend to enter into a war against US forces in the Middle East," Rowhani told a news conference on the sidelines of his meetings in the United Nations General Assembly, adding that his country would remain committed to the multilateral nuclear agreement in 2015 despite the withdrawal of the United States from the agreement in May "He said.

"As long as the agreement serves our interests, we will remain committed, the remaining countries in the agreement have taken very good steps, but Iran has more expectations," Rowhani said.

"The new US sanctions, which are expected to be announced in November, are illegal and represent nothing new," he said.

US President Donald Trump, in a speech to the United Nations on Tuesday, strongly criticized Iran, saying his country would impose more sanctions on Tehran.

H                          

http://www.nrttv.com/AR/News.aspx?id=4802&MapID=2

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Congressional policy seeks to punish Iranians who threaten Iraq's security

Congress looks to punish Iranians who threaten Iraq's security
 
 Twilight News    
 
 6 hours ago
 
 

The Foreign Affairs Committee of the US House of Representatives on Thursday will discuss a bill imposing sanctions on Iranians who threaten Iraq's security.

The bill, entitled "Preventing Iraq's Stability," calls on the US president to impose sanctions on people who threaten security and obstruct political reform in Iraq.

Among the proposed sanctions are the freezing of assets and assets of these individuals, the failure to grant them visas to enter the United States, and the revocation of any visas that may have been granted to some of them in the past.

 
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LONDON (Reuters) - A new mechanism by European Union states to maintain a nuclear deal with Iran has formed a lifeline for the Iranian regime, but the new legal entity, the so-called "target mechanism", appears to be turning into a heavy stone that will soon sink the agreement. American Donald Trump to put the option for Europe between Washington and Tehran.

Iran is trying to circumvent US economic sanctions that have caused a sharp decline in Iran's economy. This was reflected in the price of the Iranian riyal, which fell rapidly to its lowest level at 170,000 against the dollar.

The EU foreign minister announced the new mechanism, based on a commodity swap with Iran for its oil exports, hours before Trump addressed the UN General Assembly, accusing Iran of spreading chaos and pledging further sanctions.

The two contradictory approaches place the United States and the European Union in the middle of a "will struggle". Europe, which seems more united than ever, is arming Russia and China to support its new mechanism, but the new regime is not expected to become a lifeline for a nuclear deal that is gradually approaching the edge of international divisions.

"I think the Europeans will do better," Trump said Wednesday, on the sidelines of the UN General Assembly. "Just wait."

"Despite all these factors, Trump will win this conflict," said Michael Hirsch, an analyst at Foreign Policy magazine. "Despite Mughrini's attempts and the major European powers to save Iran's ability to export oil, it is unlikely that the nuclear agreement will be able to survive by the end of this year," he said.

Europe's problem lies in the principle of "who is not with us is against us", which Trump is drafting, in conjunction with his willingness to impose a second package of sanctions on Iran by November.

Large European companies such as Deutsche Telekom, Airbus, French Total, Peugeot, Renault and Siemens have already completed operations in Iran. Danish shipping company Müller Maersk and other companies are ending their suspension of Iranian crude shipments.

The core of the problem for these companies, on which Iran relied so much to get it out of the economic impasse, which has not improved since the lifting of sanctions in January 2016, is that Trump's sanctions package is not only related to the technical factors associated with any third- With Iran, but it is based on the principle of providing a way out for Tehran to export oil, or makes it able to mitigate the direct impact of sanctions.

For major global corporations, being removed from the US market and the US-dominated global financial system is a "death sentence." These fears have been a stumbling block in the way of European governments wishing to activate "stalled measures" against US sanctions after Trump's decision to withdraw from the nuclear deal in May.

This fact is reflected near the end of the agreement. "The nuclear deal actually died once Washington announced its withdrawal," says Matthew Kuenig, a sanctions expert at Georgetown University and a former Pentagon official. The Europeans were brave when they thought they could save him. "

Still, EU countries are trying to buy time by keeping the deal "tied to respirators." But the impasse is that this deepens divisions in strategic relations between Brussels and Washington.

UAE Minister of State for Foreign Affairs Anwar Gargash said at the UN General Assembly that he was concerned about open disagreements between the United States and European countries that signed the agreement. "The closer we can get to the point of view, the better."

"The Iranians are counting on that, and they may be trying to strike a wedge between Washington and European policy."

The Arabs

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US President Donald Trump vowed on Wednesday to impose "very tough" sanctions on Iran and "any country that does not comply with sanctions on Tehran."

"Today we are discussing a pressing and urgent issue concerning the fight against nuclear weapons, and the United States has taken bold steps to counter the spread of chemical weapons," Trump said during his chairing the UN Security Council session in New York to discuss nonproliferation on the International Day for the Elimination of Nuclear Weapons.

He added: «Since the signing of the nuclear agreement with Iran has increased aggression. All sanctions against Tehran will come into force by the beginning of November. We will ensure that they do not have nuclear weapons. "

The US president called for a meeting of the UN Security Council, to discuss the Iranian threat and to mobilize allies against Tehran in support of terrorism.

Iranian President Hassan Rowhani did not participate in the meeting because his country is not among the 15 current members of the council.

The two Presidents faced them sharply during their respective speeches from the General Assembly.

Trump called "all nations" to "isolate the corrupt dictatorship" in Tehran. Its aim is to mobilize the international community to get Iran to negotiate with it in a broad agreement that would prevent Tehran from acquiring nuclear weapons, as well as any proliferation of ballistic missiles, and put an end to its "disturbing" behavior in the Middle East.

White House national security adviser John Bolton warned Tehran that it would "pay a heavy price" if the United States and its allies threatened.

"If you try our opposition, our allies or our partners, and if you keep lying, cheating and cheating, yes, it will cost you dearly," Bolton said on the sidelines of the UN General Assembly. "Let me be clear today: we are watching and we will hold you accountable."

Middle east

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Rohani: We do not want to go to war against US forces anywhere in the region

08:59 - 26/09/2018

 
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Follow up of Mawazine News 

TEHRAN (Reuters) - Iranian President Hassan Rowhani said on Wednesday his country did not intend to go to war against US forces in the Middle East, where Iran has been waging proxy wars against Washington, a US ally, for several years. 
"We do not want to go to war against US forces in the region," Rowhani told a news conference.

The Iranian president predicted that the United States would eventually return to the international nuclear agreement, saying that talks this week at the United Nations show the isolation of US President Donald Trump. 
"The United States will one day come sooner or later, the current situation can not continue," Rowhani told a news conference. 
He said his country would remain committed to the multilateral nuclear agreement in 2015, despite the withdrawal of the United States from the agreement in May. 
"As long as the agreement serves our interests, we will remain committed to it," the Iranian president said. "The remaining countries have taken very good steps, but Iran has higher expectations." 
Rohani said the new US sanctions, expected to be announced in November, were illegal and "represent nothing new." 

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