FILE - A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005.
USA officials said they were determined to force Tehran to give up its nuclear activities and what the USA says is broad support for "terrorism" in the region, reimposing severe economic penalties six months after President Donald Trump's administration quit the 2015 Iran nuclear deal.
High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, along with German Minister of Foreign Affairs Heiko Maas, Swedish Ministry for Foreign Affairs Margot Wallström and Danish Foreign Affairs Ministe Anders Samuelsen held a conference call with Iranian Foreign Minister Mohammad Javad Zarif Saturday, to discuss the blowback to the European Union as a result of the reimposition of USA sanctions.
"The whole world understands that these sanctions are real, that they are important, that they drive the Iranian people's opportunity to make the changes in Iran that they so desperately want and stop Iran from having the wealth and money they need to continue to foment terror around the world".
On Friday, the Trump administration announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored.
Diplomats told Reuters last week that the new European Union mechanism to facilitate payments for Iranian exports should be legally in place by November 4, when the next phase of U.S. sanctions hit, but will not be operational until early next year.
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Donald Trump's administration said that all sanctions on Iran, which were lifted under the 2015 nuclear deal, are to be reimposed. An Iranian foreign ministry spokesman said Iran was unconcerned at the return of sanctions, Reuters reports.
So having sanctions back at the same time, on the same day basically, that the Iranians go to the streets to demonstrate against USA foreign policy, I don't know if it's a coincidence or it was designed, but I think more than what you see with regard to the Iranian public I think the Trump administration is looking at the midterm elections.
Trump set in motion the resumption of sanctions on May 8, when he announced USA withdrawal from the 2015 deal between Iran and world powers under which Tehran had agreed to curtail its nuclear program in return for relief from sanctions.
Sputnik: President Trump, of course, has been indicating these sanctions will stay in place until a new accord with Iran is signed replacing the Joint Comprehensive Plan of Action, but how hard and how lengthy would it be to convince the sides that are part of the agreement to reconsider, what could be the difficulties? We've been able to do that in a way that hasn't had a huge impact on crude oil prices.
The US on Friday granted an exemption to eight countries including India to continue buying oil from Iran. Meanwhile, there are supply disruptions in other key OPEC countries, including Venezuela and Angola.
Pompeo, meanwhile, expressed confidence that the United States is placing maximum pressure on Iran's government largely by targeting the energy industry.
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A source said: "Zarubezhneft left all the projects in Iran due to sanctions".
As part of efforts by Iran and its customers to keep oil flowing, every single one of Iran's vessels "went dark" in late October, switching off their transponders to avoid worldwide tracking systems, according to TankerTrackers.com - a first since the Stockholm-based watchdog began operating in 2016.
The US, which is in the process of becoming the world´s leading producer thanks to its shale oil operations, could meet part of the demand, but lacks export capacity, said the analyst.
"This part of the campaign is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world, Pompeo said".
General Qassem Soleimani, commander of the elite Iranian Revolutionary Guards' Quds Force that oversees its operations overseas, responded to Trump's Game of Thrones-inspired tweet on Friday that warned, "Sanctions are Coming".
The United States will exempt eight nations from USA secondary sanctions on Iran's oil exports, the Donald Trump administration said today.
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