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Iranian official calls for negotiations with Washington in Iraq


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3 hours ago, Pitcher said:

Mmmm, they order the USA to lift sanctions.   Something makes me think there may be a new building for sale in NYC before too long.  

 

Maybe The UN should ORDER Iran to stop sending MISSILES all over the ME.  Maybe the UN should ORDER Iran to stop supporting Terrorism and ORDER them to stop threatening the USA!!

A new program!🐒

"The missles for food program". 

For every Iranian that turns in thier missle they receive a sack of rice. 

When they run out of missles we will talk, about you buying the rice. 

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Russian-Iranian agreement on dealing in local currency

16:06 - 05/10/2018
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Information / follow up ..

President of the Central Bank of Iran, Abdul Nasser Hamati, announced that he agreed with his Russian counterpart, Elvira Nabiolina, on dealing in the local currency of both countries in commercial transactions.

The head of the Central Bank of Iran, in an interview with the agency, "Sputnik," in response to a question on the results of his meeting with his Russian counterpart:

"We have reached important agreements on the deletion of the dollar from commercial transactions and the use of the local currency by our trade," Hamati said in a statement to a Russian media agency.

He continued: "Today I can say that 30% of the economic agreements and commercial transactions between Iran and Russia have been agreed in the local currency and I hope that this percentage increases with the days."

"I have seen the will of the Russian Central Bank on the use of the local currency, and also with Turkey, we have come a long way in this matter, and I hope to enter with Ankara soon practical phase of commercial exchange in local currency

 

http://www.almaalomah.com/2018/10/05/351365/

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Economy / Economy date: 2018 Oct / October 5 - GMT 14:39
 
 
 

President of the Central Bank of Iran, Abdul Nasser Hamati, played down the importance of the new batch of US sanctions imposed on November 6, saying his country's efforts to limit the impact of the ban had given its results.
 

 "There will not be an important event in November, they have done everything they can do before and by November, there will be nothing," Hamati said in an interview with Sputnik.

The head of the Central Bank of Iran: "America what it wanted to do has already done, they worked day and night to disrupt the work of the Central Bank of Iran, and stop the sale of Iranian oil."

He added: "They will not succeed in disrupting financial exchanges with Iran or stop the sale of Iranian oil, and I can say that there is no ground to do this, in return, Iran's efforts to resolve these problems have reached a result."

The United States of America re-imposed a large-scale ban on Iran from 7 August 2018, previously suspended as a result of a joint comprehensive plan of action on Iran's nuclear program between Iran and the Sixth International, which the United States withdrew in May, Last May.

The second package will be effective from November, including the energy sector as well as crude hydrocarbon-related exchanges related to the Central Bank of Iran.

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America is considering granting exemptions from Iran's oil sanctions

America is considering granting exemptions from Iran's oil sanctions
 



 Twilight News    
 8 hours ago

The administration of President Donald Trump is considering granting exemptions from sanctions to be imposed next month for countries that reduce their imports of Iranian oil, a US government official said.

The US administration pulled out of an agreement on Iran's nuclear program in May and will unilaterally impose sanctions on Iran's crude oil consumers on November 4.

The sanctions are aimed at forcing Tehran to halt its intervention in Syria and Iraq and end its ballistic missile program.

Iran says it has complied with its nuclear deal signed in 2015 with five major powers as well as the United States.

The official, speaking on condition of anonymity, said the administration was "in the midst of an internal process" to consider granting large-scale exemptions. This was the first time a US official said the administration was considering granting exemptions.

Foreign Minister Mike Pompeo said in India last month the administration would consider granting exemptions and some Iranian oil buyers would take "some time" to stop their dealings with Iran.

US National Security Adviser John Bolton said on Thursday the administration's goal was not to grant exemptions and "the decline of Iranian oil, gas and condensate exports to zero."

He said the administration would not necessarily do so.

The official said the administration "is ready to work with countries that reduce their imports on a case-by-case basis."

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American magazine determines how the Iranian Revolutionary Guards receive billions of dollars

American magazine determines how the Iranian Revolutionary Guards receive billions of dollars
 



 Twilight News    
 Saturday, 6 October 2018

US media reports that the Iranian Revolutionary Guard has resorted to smuggling oil out of Iran, with US sanctions on energy coming into effect in November.

A report by Foreign Policy magazine said the guards would spend billions of dollars through these operations.

She pointed out that the Iranian regime will carry out smuggling operations under the cover of the sale of crude oil to private entities inside the country.

Indeed, the regime has begun to promote it through a publicity campaign that talks about the support of the energy exchange and the economy in the face of sanctions and their consequences.

But the question is? Who is the insider who is able to buy black gold for sale in deteriorating economic conditions?

The only logical answer would be to point the finger at the IRGC and its hidden institutions and institutions that control the Iranian economy.

Iranian media quoted members of parliament as saying that more than 50 barrels of oil had been found in a truck that was being smuggled across the Strait of Hormuz to unknown destinations.

The US magazine sees the incident as just the beginning to smuggle huge amounts of oil from the same twisted path in the coming period, in an attempt by Tehran to circumvent the expected sanctions.

Forecasts indicate Iran's efforts to provide 1 million barrels of oil per day for sale to avoid the consequences of sanctions on the already collapsed economy.

History shows that the Revolutionary Guards earned more than $ 12 billion in 2007 when sanctions were imposed on the formal economy, according to opposition sources.

Seven years later, at the top of the international sanctions imposed on Tehran, the figures say that 125 thousand barrels of oil were smuggled daily from Iran, in addition to oil products worth seven billion.

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Date of release: 2018/10/7 10:46 • 124 times read
Iran formally accedes to the International Convention against the Financing of Terrorism
Iran's parliament approved the Islamic Republic of Iran's accession to the International Convention on the Suppression of the Financing of Terrorism (CFT).
Iranian agencies said the council's deputies had approved the outline and details of the "CFT" list. 
After the discussions that took place and put forward views by the deputies, the vote was on the list approved by 143 deputies and 120 deputies opposed and 5 abstained from voting out of the total number of deputies present, which are 271 deputies.
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Saturday، 06 October 2018 11:18 PM

 

Iranian ballistic missiles manufactured inside Iraq - Sources

 


Iran had established a huge ballistic missile factory inside Ashraf camp in Diyala governorate, well-informed sources told The Baghdad Post on Saturday.

 

The sources added that the US forces will target this factory in the next few days.

 

More details will be reported soon.

https://www.thebaghdadpost.com/en/Story/32000/Iranian-ballistic-missiles-manufactured-inside-Iraq-Sources

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TEHRAN: Oil prices have fallen further ahead of Trump's sanctions

02:01 - 08/10/2018

 
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Follow - up - the balance of News 
Iranian crude exports fell more in the first of October , the first week, according to data carriers and source sector, influenced by the impending US sanctions and beaching in the face of a challenge to other OPEC producers who want to make up the shortfall. 
The data showed that Iran exported 1.1 million barrels per day of crude in the seven-day period. An export industry source said October's shipments were less than 1 million bpd so far. 
By comparison, exports were at least 2.5 million bpd in April before President Donald Trump pulled out of the United States in May of the 2015 nuclear agreement with Iran and reinstated sanctions. 
The figure is also lower than September's 1.6 million barrels per day

 
 
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On 10/7/2018 at 7:03 AM, Butifldrm said:

 

Saturday، 06 October 2018 11:18 PM

 

Iranian ballistic missiles manufactured inside Iraq - Sources

 


Iran had established a huge ballistic missile factory inside Ashraf camp in Diyala governorate, well-informed sources told The Baghdad Post on Saturday.

 

The sources added that the US forces will target this factory in the next few days.

 

More details will be reported soon.

https://www.thebaghdadpost.com/en/Story/32000/Iranian-ballistic-missiles-manufactured-inside-Iraq-Sources

 

Make sure you give Iran plenty of time to move them. Hopefully not up.

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https://www.rferl.org/a/iran-s-parliament-passes-bill-against-funding-terrorism/29530061.html.....

Iran's Parliament Passes Bill Against Funding Terrorism

October 07, 2018 10:17 GMT
Iran has long provided support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.
Iran has long provided support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.
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The Iranian parliament has approved a bill aimed at bringing Iran's laws in line with international standards and allowing the country to join the UN convention against the funding of terrorism, or CFT.

A total of 143 lawmakers on October 7 voted in favor of the bill, 120 voted against, and five abstained, local media reported.

The legislation still has to be approved by a top clerical body, the Guardians Council, before it becomes law.

"Neither I nor the president can guarantee that all problems will go away if we join" the CFT convention, Foreign Minister Mohammad Javad Zarif said during the parliamentary debate.

"But I guarantee that not joining will provide the U.S. with more excuses to increase our problems," Zarif added.

Hard-liners in parliament have opposed legislation aimed at moving toward compliance with standards set by the international Financial Action Task Force (FATF).

The country has long provided support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.

The government of Iranian President Hassan Rohani has introduced several pieces of legislation aimed at addressing FATF's concerns, hoping the body will remove the country from its blacklist, which has added to Iran's woes in accessing global banking.

In June, the Paris-based FATF said Tehran had until October to implement reforms or face consequences that could further deter investors from the country.

The United States in May withdrew from the 2015 nuclear deal between Iran and world powers, and in August started reimposing sanctions on the Iranian economy that were lifted under the deal in exchange for curbs on Tehran's nuclear program.

Washington has vowed to ramp up restrictive measures against Iran unless the country dramatically changes its policies, including halting its support for regional militant groups.

The U.S. moves sent Iran's economy into a downward spiral with the national currency, the rial, hitting record lows

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http://www.iran-daily.com/News/232469.html......Gold coin in Iran will reach its real price in coming days .....

Gold coin in Iran will reach its real price in coming days: Official

The collapse of price bubble in gold coin is being witnessed in Iran and it is expected that the coin will reach its real price in the coming days.

Announcing this, the head of the Union of Manufacturers and Exporters of Gold, Jewelry, Silver and Precious Stones Abdollah Mohammad Vali told Trend News Agency that these days, the market is witnessing a sharp fluctuation in value.

Concurrent with the decrease in foreign exchange rates and the regain of rial, commencing as of Monday evening, other markets including gold have shown a green light to the decline in prices.

The rial has been undermined by the prospect of US sanctions after Washington pulled out of an international deal on Tehran's nuclear program.

US measures targeting Iran's oil industry are due to take effect in November.

Mohammad Vali said that today, in addition to those who bought coins and gold to maintain the value of their capital, the traders have also become anxious.

"Today, the gold and coins markets are in the hands of broker s and intermediaries," he said. "On the other hand, daily news will lead to a change in prices."

Mohammad Vali said, "Now, the coin and currency market is under control of 200-300 people.

"If the policymaker's predictions are not in the right direction, the market will be hit

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Middle East

WATCH: Iranians launch general strikes as US sanctions loom

4 hours ago
 

WATCH: Iranians launch general strikes as US sanctions loom
Pictures that social media users published showcasing nation-wide strikes in the cities of Arak (L), Zahedan (R top), and Isfahan (R bottom) on Oct. 08, 2018. (Photo: social media)
 
 

ERBIL (Kurdistan 24) – Iranian shop owners on Monday closed their stores as part of yet another country-wide general strike as the Islamic Republic’s economy continues to decline amid renewed US sanctions.

In the past few days, calls for a nationwide strike to be launched on Oct. 8 – National Student Day – were amplified online by users on local social media outlets.

Users posted footage of shop owners and businesses partaking in the strike in various cities across the country, including Mashhad, Borazjan, Kermanshah, Gorgan, Zanjan, Baneh, Marivan, Arak, and Saqqez, and even spreading to the main market in the capital city of Tehran.A source from Rojhilat told Kurdistan 24 that most stores and businesses in the cities of Sanandaj (Sina), Saqqez, and Baneh, had been closed down as part of the strike.

People have decided to go on strike due to the instability of the prices of goods and worsening living conditions, the source added.

In the past year, the Islamic Republic has been engulfed in a series of national demonstrations, including the Tehran storeowners’ strikes, protests against the forced veil, and the truck drivers’ strikes.

This is the second major form of public demonstration affecting the country as a whole in the past year, keeping in mind strikes and protests that took place in at least 96 cities at the end of 2017 and the early months of 2018.

Protesters initially complained about economic woes plaguing the country and the lagging - at times non-existent - response from Tehran to address the issues.

However, as the demonstrations engulfed the whole country, the narrative shifted to include criticism of Iran’s clerical and theocratic rule. Some protesters went so far as to call for the dismantling of the government and carried slogans of “Death to the Dictator,” a reference to the country’s Supreme Leader, Grand Ayatollah Ali Khamenei.

 
In May, public anger over issues, such as the loss of purchasing power, reached a critical point as the country’s economy suffered a devastating blow from the US announcing its withdrawal from the landmark nuclear deal designed to limit the regime’s military ambitions.

Three months later, the US decided to renew a set of sanctions on Tehran, limiting the country’s economic activities, with another set expected to come into effect in November, targeting the country’s oil and financial sector.

With the shift in US policy toward the regime, Iran’s rial has lost at least two-thirds of its value, with new record lows seen every month and only occasional minor rebounds.

On Sep. 12, another large strike occurred, this time only affecting Rojhilati cities. The episode was in response to Iran’s execution of three Kurdish activists and cross-border missile attacks on the headquarters of Rojhilati opposition groups.

Editing by Nadia Riva

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https://m.aawsat.com/english/home/article/1417406/saudi-crown-prince-weve-replaced-all-irans-lost-oil.......

Saudi Crown Prince: We've Replaced All Iran's Lost Oil

 
saudi_crown_prince_mohammed_bin_salman._spa_0.jpg?itok=Qe9DoZg6
Saudi Crown Prince Mohammed bin Salman. (SPA)
Asharq Al-Awsat
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, stressed that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions.

“The request that America made to Saudi Arabia and other OPEC countries is to be sure that if there is any loss of supply from Iran, that we will supply that. And that happened,” he told Bloomberg in an interview published on Friday.

The action appears lost on US President Donald Trump, who continues to attack the Organization of Petroleum Exporting Countries (OPEC) for letting prices rally while he seeks to choke off supplies from Iran, reported Bloomberg.

On Wednesday the State Department urged OPEC to tap its reserve supplies.

A coalition of producers from OPEC and beyond has recently boosted output by 1.5 million barrels a day, double the 700,000-barrel decline suffered so far by Iran, according to Prince Mohammed.

“We export as much as two barrels for any barrel that disappeared from Iran recently,” he stressed. “So, we did our job and more.”

Saudi Arabia is now pumping about 10.7 million barrels a day -- close to a record -- and can add a further 1.3 million “if the market needs that,” he added.

Prince Mohammed said that the kingdom could push capacity beyond 12 million barrels a day with additional investment, and that extra supplies are also available from Saudi Arabia’s allies. The so-called OPEC+ coalition spans other Gulf producers like the United Arab Emirates, as well as countries outside OPEC such as Russia.

Trump is reimposing sanctions on Iran after quitting an agreement on the country’s nuclear program, and the measures will take full effect in November.

While many -- including Russian President Vladimir Putin -- have blamed Trump’s actions for oil’s rally, the price is actually being driven by losses in other countries, according to Prince Mohammed.

“The higher price that we have in the last month, it’s not because of Iran,” he said. “It’s mostly because of things happening in Canada and Mexico, Libya, Venezuela and other countries.”
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https://www.thenational.ae/business/economy/iran-to-face-recession-as-us-sanctions-bite-1.777081......

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Abu Dhabi, UAEMonday 8 October 2018

Iran to face recession as US sanctions bite

Economic activity in Iran is forecast to contract by 1.5 per cent and 3.6 per cent in 2018-19, World Bank says

Sarmad Khan

October 4, 2018

Updated: October 4, 2018 06:59 PM

An Iranian woman shops at a drugstore at the Nikan hospital in Tehran. The Iranian economy is expected to go into recession next year. AFP  An Iranian woman shops at a drugstore at the Nikan hospital in Tehran. The Iranian economy is expected to go into recession next year. AFP 

Iran’s economy is likely to contract this year and next, heading into a recession on the back of sharp declines in oil exports and a further slump in already-low foreign investment inflows as the US reimposes sanctions on Tehran.

After steadily growing in 2017, economic activity in Iran is forecast to contract by 1.5 per cent and 3.6 per cent in 2018-19, the World Bank said in its World Economic Outlook released on Thursday. Fitch Solutions, a part of Fitch Group, estimates Iranian gross domestic product to contract by 4.3 per cent in 2019 and expand beyond that time frame - albeit at a modest rate.

“Our core view is for the re-imposition of US nuclear-related sanctions to cause a sharp slowdown in the Iranian economy in 2018 and trigger a recession in 2019, as exports and investment inflows decline, and rising inflation and high unemployment weigh on consumption,” the Fitch report said.

Weakness of the Iranian rial and fast-rising inflation will also weigh on domestic investment and consumption, both the World bank and Fitch Solutions’ reports noted.

The World Bank expects the annual inflation rate to exceed 30 per cent on average in 2019, up from 9.6 per cent last year. Although the depreciation of the currency could help improve non-oil exports, it will not be enough to offset the loss of oil exports, which still account for 40 per cent of the government’s revenues and export receipts.

Earlier this week Fitch estimated inflation in Iran to average 33.2 per cent in the 2018-2019 financial year that started in April, nearly double its previous forecast of 17 per cent. It expects the rial to continue to weaken further on the back of continued expansion of Iran’s monetary base.

 

 

The rising cost of living led to public dissent and mass protests in several Iranian cities earlier this year.

US sanctions on Iranian oil imports will come into force in early November, however, crude exports dropped off sharply over August and September in the lead-up to sanctions, Fitch Solutions noted, citing tanker tracking data.

“This trend is already playing out even before the [sanctions] activation date, as importers of Iranian oil attempt to either comply or qualify for limited sanctions waivers,” Fitch Solutions noted.

The state of Iran’s economy is worsening as the deadline of re-imposition of sanctions by US over its nuclear programme nears. The sharp fall in the value of the Iranian currency in the unofficial market, inflationary pressures, and high unemployment rates, especially among youth - estimated at 30 percent in 2018 by the World Bank and International Labor Organization - could lead to stagflation. The financial woes are compounded by the structural weaknesses and deteriorating asset quality of Iran’s financial institutions, which are unable to access the international financial system.

 

Iran's rial has hit multiple record lows this year against the US dollar. The demand for the dollar is stoked by concerns that the impact of US sanctions would be felt beyond the country’s crude shipments and will affect Iran’s broader export sector.

Last month, Iran authorised the central bank to intervene in the foreign exchange market in defence of its currency. A top government body, headed by President Hassan Rouhani and the heads of parliament and the judiciary, "gave the central bank governor the necessary authority to intervene in the foreign exchange market and to manage it", Reuters cited state TV as saying at the time.

“Declining foreign exchange inflows and rising money supply growth will fuel depreciation of the rial - which has already suffered severe losses in the ‘free market’ over the year-to-date and send inflation higher,” the Fitch report said. “Coupled with very limited credit availability this will constrain private domestic investment and consumption.”

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https://www.iranfocus.com/en/index.php?option=com_content&view=article&id=33078:iran-s-striking-truck-drivers-threatened-with-execution-as-strike-enters-second-week&catid=4:iran-general&Itemid=109........

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Iran’s Striking Truck Drivers Threatened With Execution as Strike Enters Second Week

03 October 2018
 
Iran’s Striking Truck Drivers
 
 

Iran Focus

London, 3 Oct - Some of Iran’s leading prosecutors have threatened the country’s striking truck drivers with execution, according to state-run media.

On September 30th, the strike entered its second week. The truck drivers are protesting what they call “terrible working conditions”. They are demanding better pay, pensions, and stronger trade unions, as well as government subsidies to buy such things as tires and expensive parts that must be imported.

Iran’s currency crash makes imported parts very expensive, yet neither the drivers’ pay, nor their cargo fees have increased.

TRUCKERS IN IRAN FALL INTO THREE CATEGORIES:

- those who fully own their trucks

- those who pay in installment for their trucks to government-controlled companies

- a minority, who work for truck owners

Most of the truck drivers work for the government, as it is the largest importer and distributor of commodities.

Now, dozens of striking truck drivers are being detained across the country.

State-run Mehr News Agency (MNA), reports that the city of Zarand’s Prosecutor-General Mehdi Qawidel called the detainees “opportunists and profiteers” whose strike was a “provocation by hostile foreign governments.” Qawidel threaten the drivers, saying that they should be treated as criminals who deserve to be hanged.

Mohammad Ja’far Montazeri, the Islamic Republic’s Prosecutor-General, also threatened the striking truckers with death on September 27th. He said that anyone who disrupts the transportation of goods will be considered a criminal and may face the death penalty.

Ali Salehi, the Public and Revolutionary Prosecutor of the city of Shiraz, warned the truckers that they will be “seriously dealt with.” He said, “Anyone who obstructs the supply of goods and services in any way will be seriously dealt with according to the law.” He said the strikers could face charges ranging from disturbing public order and security to deliberate damage to property. He added that these “crimes” may even be considered Moharebeh (fighting God).”

Judiciary spokesman, Gholam Hossein Mohseni Ejei, stated on September 30th, “Those provoked by the enemy to disrupt the transport system should be reminded that a heavy punishment is waiting for the rabble-rousers.” State-run Iran Students News Agency (ISNA) also cited Ejei as saying, “All the prosecutors across the country have been called up to detain disrupters with the help of security forces without hesitation.”

During the truckers’ strikes last summer, some 70 truck drivers were arrested in Fars and Qazvin provinces, and in the city of Pakdasht southeast of the capital, Tehran. After the government agreed to meet their demands, the truckers returned to the road.

But government failed to make good on its promises, according to the drivers’ representatives. Therefore, they have renewed their strike.

In this recent round of strikes, a judiciary official in Kerman Province reported on September 30th, that another seven strikers have been taken into custody in his province alone.

Khane-ye Mellat (the House of the Nation), the Iranian parliament’s official website, along with other local news outlets, has published a letter signed by 175 MPs in calling on President Hassan Rouhani’s administration to meet the truckers’ demands.

Many oil truck drivers have joined the strike, which is a great concern to the Islamic Republic’s establishment, as it will disrupt fuel distribution across the country.

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Iraqi president urges development of ties with Iran

Iraqi president urges development of ties with Iran

Iraq’s new President Barham Saleh stressed the enhancement of relations with Iran in a meeting with Iranian Ambassador to Baghdad Iraj Masjedi.

During that meeting, Saleh pointed to the commonalities and the long-running relationship between the two nations and called for the deepening of bilateral ties, IRNA reported.

Saleh said that in telephone conversations with regional leaders and in meetings with envoys from various countries, he had stressed the importance of deescalating tensions in the region and the enhancement of relations with Iran.

The Iraqi president said the betterment of relations among countries in the region would serve both Iraq and other regional states.

A group of Arab countries in the Persian Gulf have developed hostilities toward Iran and tried to damage Tehran’s relations with Baghdad.

A Kurdish politician, Saleh was elected president at the Iraqi Parliament on October 2nd. Parliamentary elections had been held earlier, in May.

In their Sunday meeting, Ambassador Masjedi congratulated President Saleh on his election and affirmed the Iraqi president’s stance on the improvement of ties between the two neighbors.

 

http://www.iran-daily.com/News/232456.html

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Iran: Saudis Aren’t Replacing Our Oil Exports

- Oct 08, 2018, 2:00 PM CDT Saudi oil industry

The market will never buy Saudi Arabia’s claim that it has been compensating for the loss of Iran’s oil exports, Iranian Oil Minister Bijan Zanganeh said on Monday, adding that Saudi Arabia officials have been claiming they are able to offset Iranian losses under U.S. pressure.

“Such brags would only satisfy Mr. Trump but the market would never buy such a claim,” Iran’s oil ministry’s news service Shana quoted Zanganeh as saying, in response to last week’s remarks by Saudi Crown Prince Mohammed bin Salman that the Saudis were offsetting Iranian losses and even more.

In an interview with Bloomberg last week, Crown Prince Mohammed said that:

“[A]ctually the request that America made to Saudi Arabia and other OPEC countries is to be sure that if there is any loss of supply from Iran, that we will supply that. And that happened. Because recently, Iran reduced their exports by 700,000 barrels a day, if I’m not mistaken. And Saudi Arabia and OPEC and non-OPEC countries, they’ve produced 1.5 million barrels a day. So we export as much as 2 barrels for any barrel that disappeared from Iran recently. So we did our job and more,” MBS told Bloomberg.

According to the Saudi Crown Prince, the higher price of oil over the past month was not the result of the sanctions on Iran, but rather the consequence of lower production in other countries, including Canada, Mexico, Libya, and Venezuela.

In reaction to the Saudi claim, the oil minister of Iran—which continues to insist that its export can’t be completely halted—

 

“It seems that such remarks were made under U.S. pressure on Saudi authorities; otherwise in reality, neither Saudis nor any other countries could replace Iran’s exports.” Related: US Demands For More Oil Could Backfire

According to the Iranian minister, the higher Saudi supply to the market in recent weeks is the result of tapping its oil inventories rather than tapping into its spare capacity.

“The market and rising prices are the best evidence of concern that the market is in short supply and is rightly nervous about the severe shortage of oil in the coming months,” Zanganeh was quoted as saying.

Iran’s crude oil exports started to noticeably fall in August, continued their decline in September, and the latest tanker tracking data suggests that early October exports are further down from last month. Oil prices, however, fell by more than 1 percent early on Monday morning, on reports that the U.S. Administration might be considering waivers for countries that have been cutting their Iranian oil purchases.

 

https://oilprice.com/Energy/Crude-Oil/Iran-Saudis-Arent-Replacing-Our-Oil-Exports.html

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4 hours ago, blueskyline said:

https://www.rferl.org/a/iran-s-parliament-passes-bill-against-funding-terrorism/29530061.html.....

Iran's Parliament Passes Bill Against Funding Terrorism

October 07, 2018 10:17 GMT
Iran has long provided support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.
Iran has long provided support system" rel="">support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.
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The Iranian parliament has approved a bill aimed at bringing Iran's laws in line with international standards and allowing the country to join the UN convention against the funding of terrorism, or CFT.

A total of 143 lawmakers on October 7 voted in favor of the bill, 120 voted against, and five abstained, local media reported.

The legislation still has to be approved by a top clerical body, the Guardians Council, before it becomes law.

"Neither I nor the president can guarantee that all problems will go away if we join" the CFT convention, Foreign Minister Mohammad Javad Zarif said during the parliamentary debate.

"But I guarantee that not joining will provide the U.S. with more excuses to increase our problems," Zarif added.

Hard-liners in parliament have opposed legislation aimed at moving toward compliance with standards set by the international Financial Action Task Force (FATF).

The country has long provided support system" rel="">support for groups such as Lebanon's Hizballah movement, which has been designated by the United States as a terrorist organization.

The government of Iranian President Hassan Rohani has introduced several pieces of legislation aimed at addressing FATF's concerns, hoping the body will remove the country from its blacklist, which has added to Iran's woes in accessing global banking.

In June, the Paris-based FATF said Tehran had until October to implement reforms or face consequences that could further deter investors from the country.

The United States in May withdrew from the 2015 nuclear deal between Iran and world powers, and in August started reimposing sanctions on the Iranian economy that were lifted under the deal in exchange for curbs on Tehran's nuclear program.

Washington has vowed to ramp up restrictive measures against Iran unless the country dramatically changes its policies, including halting its support system" rel="">support for regional militant groups.

The U.S. moves sent Iran's economy into a downward spiral with the national currency, the rial, hitting record lows

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3 minutes ago, ChuckFinley said:

The Iranian parliament has approved a bill aimed at bringing Iran's laws in line with international standards and allowing the country to join the UN convention against the funding of terrorism, or CFT.

A total of 143 lawmakers on October 7 voted in favor of the bill, 120 voted against, and five abstained, local media reported.

 

3 minutes ago, ChuckFinley said:

Right

So...143 give a thumbs up, 120 vote against the funding of terrorism (7 abstain). 😉...In line with international standards my A$$...84% wanted to continue to fund terrorism...can’t make this  💩 up!😂🤣

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Iranian general vows to destroy Israel in furious attack

 

A top Iranian General has vowed to destroy Israel, warning “there will soon be no way to escape but the sea”, raising fears of a major outbreak of conflict in the volatile Middle East, the Express reported on Monday.


The comments were made by Brigadier General Hossein Salami, second-in-command of Iran’s elite Revolutionary Guards force, during a speech to his troops in the city of Isfahan.

 

Referring to Israeli Prime Minister Benjamin Netanyahu, he said: “I tell the Prime Minister of the Zionist regime that he should practice swimming in the Mediterranean.

 

“Because soon there will be no way to escape but the sea.”

 

General Salami went on to claim that Israel could be defeated by terror group Hezbollah, which Iran supports.

 

He claimed: “The Zionist regime does not have any true elements of state and government and it is not at the level to present a threat to us.

 

“Hezbollah is enough to defeat it.”

 

The Iranian regime provides Hezbollah, which formed in 1985 in response to Israeli intervention in Lebanon, with weapons and money.

 

Hezbollah is believed to have up to 150,000 rockets and missiles stored away across Lebanon.

 

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