Cut oil imports from Iran to zero, or else, warns State Department

Cut oil imports from Iran to zero, or else, warns State Department

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.

The United States on Tuesday insisted its allies, including India, should end all imports of crude oil from Iran by November 4 when sanctions against Iran come into effect again, reported AFP quoting a US State Department official.

Despite this, Iranian President Hassan Rouhani on Tuesday blamed the United States for the Islamic Republic's economic woes in a speech televised on state-run TV and said Iran is in a "fight" with the US, suggesting America is trying to damage the country by creating "an economic war".

The country also banned imports on 1,300 products, including appliances, textiles, and healthcare in a move to resist U.S. sanctions. "I think the predisposition would be no, we're not granting waivers", the officials said to a question about granting waivers.

"We have not asked refiners to cut imports", the source said, in a reference to the situation that may arise when India's oil imports from Iran are potentially hit from August 2018 after Indian refiners receive a 60-day credit period for payments to Iran.

As such, this could emerge as a major topic of discussion between India and the U.S. during the first 2+2 dialogue next week. The State Department official said that secondary sanctions against Iran are not new.

The state department official said he has met with European and Asian allies and will be returning to Europe this week. "Without question." Given their huge energy requirements, India and China are major importers of Iranian oil.

The US has asked all countries, including India, to stop all oil imports from Iran by November as it ruled out any exemption to India and Indian companies from its reimposed Iranian sanctions regime for them carrying out any transaction with Iran. Unlike many other news organizations, we have not put up a paywall.

The order suggests the U.S. sanctions threat is pushing Tehran back toward running a "resistance economy" created to conserve foreign exchange reserves and become as self-sufficient as possible in many products.

"For the vast majority of countries they are willing to adhere and support our approach to this because they also view" Iran's behavior as a threat, the official added. Iranian exports dropped to about 1 to 1.5 million barrels a day during the 2013-2015 period of strong U.S. and European economic sanctions.

In comments on the sidelines of a judicial conference on Tuesday, Abbas Jafari Dowlatabadi said those arrested for the Monday's disorderly conduct in Tehran and closure of the grand bazaar are not among shop owners or merchants. Reuters was unable to verify the authenticity of the footage.

Iran eased its "resistance economy" policy after many global sanctions were lifted in January 2016 under the nuclear deal.

"The prices of milk, eggs, meat, bread has skyrocketed, yet Iranian people are witnessing their government investing millions of dollars in expensive regional disputes in Iraq, Syria, Yemen to increase its regional influence, while {Iranian people} go hungry", Ansari added.