Iran moves to defend economy from USA sanctions

03 July, 2018, 06:33 | Author: Carlos George
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President Trump's announcement May 8 of withdrawal from the nuclear agreement negotiated under Barack Obama and the new administration's planned economic measures against Iran were the catalyst, contends the Middle East Media Research Institute, noting that on May 26 large-scale protests took place in central Tehran that lasted several days.

Iran has an oil and petrochemicals bourse as part of its mercantile exchange.

U.S. President Donald Trump will suffocate Iran's "dictatorial ayatollahs", his close ally Rudy Giuliani said on Saturday, suggesting his move to re-impose sanctions was aimed squarely at regime change.

But the messages chanted by demonstrators and displayed on signs convey much more than anxiety over economic woes, with declarations such as "Death to the Dictator", "Death to Palestine" and "No to Gaza, No to Lebanon, I Will Give My Life for Iran". The European Union has so far failed to submit to Iran its package of proposals to persuade the Islamic Republic to remain in the nuclear deal, Iranian Foreign Ministry Spokesman Bahram Qassemi said in a statement on Saturday.

Meanwhile, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has underlined that any decision to keep the JCPOA running without the United States should be conditional on "practical guarantees" from the Europeans.

Most worldwide sanctions imposed on Iran were lifted in early 2016 under the nuclear deal that saw Iran curbing its disputed nuclear programme under close United Nations monitoring. Khamenei was quoted as saying by, referring to US President Donald Trump.

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Despite calls for unity by Khamenei, divisions have emerged among Iran's ruling elite, with some hardliners calling for a snap presidential election, and criticising Rouhani for economic mismanagement.

But Giuliani said Europe should be "ashamed" of itself.

Three days of protests in Tehran and other cities began on Sunday when hundreds of traders in the bazaar - the hub of merchants who backed Iran's 1979 Islamic Revolution that ousted the longtime monarch - closed their shops to voice their anger at currency plunges.

The government and parliament have also set up a committee to study potential buyers of oil and ways of repatriating the income after U.S. sanctions take effect, Fereydoun Hassanvand, head of the parliament's energy committee, was quoted as saying by IRNA.

The leadership "might lean towards a compromise with America to preserve the establishment", said one official involved in Iran's nuclear talks with foreign powers.

"The enemy's plan is to create gaps and separations between the establishment and the people, and this design reflects their stupidity because they do not know that the Islamic Republic is nothing but the Iranian nation, and these two can not be separated", Iranian leader Ayatollah Seyyed Ali Khamenei said.



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