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Iran sanctions: United States can't stop our oil exports, says minister
09 August 2018, 02:23 | Darnell Patrick
Zarif met on Tuesday with the his foreign ministry counterpart from North Korea a country also under US sanctions
For its part, Doa'at al-Islam Shiite militia said in a statement on Wednesday that the actions of imposing unilateral sanctions on Iran by the United States and its president Donald Trump was a violation of all human values and global norms.
The next round of punitive measures will come into effect in November and will target Iran's oil industry.
Last month, Trump offered to meet Iran's leaders.
"It symbolizes the determination to curb Iran's regional aggression and its ongoing plans to arm itself with nuclear weapons", said Netanyahu in a video released Monday, moments after Trump signed new sanctions into law.
'We are pleased to see German businesses stopping their trade with Iran, complying with USA sanctions, and helping pressure the Iranian regime back to the table, ' he tweeted.
Iran's Labour Minister Ali Rabiei was impeached on Wednesday after months of mounting anger over the government's handling of an economic crisis which has deepened with the return of USA sanctions.
In a tweet, Mr Trump warned: "Anyone doing business with Iran will NOT be doing business with the United States".
In an interview with the Iran newspaper published on Wednesday, Mr Zarif said the Trump administration's stated aim of cutting Iranian oil exports to zero was "meaningless" and "impossible".
US Prepares to Slap New Sanctions on Iran
Accordingly, oil price may stay calm in the short run but the sanctions on Iran will light a fire under oil prices going forward. However, despite EU's move, German vehicle and truck maker Daimler said it has dropped its plan to expand its operations in Iran.
The US is making history not just by violating a United Nations security council resolution it voted for three years ago, but also by penalising countries who stick to the same unanimous resolution, the Iranian ambassador to the UN has claimed.
President Hassan Rouhani hinted last month that Iran could block the Strait of Hormuz, a major oil shipping route, if the US attempted to stop the Islamic Republic's oil exports.
On Monday, Rouhani said Iran was ready to enter talks with the USA if Washington compensated the country for past damages.
The first wave of United States sanctions took effect on Tuesday.
Despite the political will to hold firm, many large European firms such as German automaker Daimler are leaving Iran for fear of U.S. penalties.
For his part, Ri said North Korea's strategic policy is to expand relations with Iran and counter unilateralism. "We can't get drawn into a confrontation with America by falling into this war room trap and playing on a battlefield".
President Rouhani shot back at Trump via Twitter Tuesday night, suggesting Iran would continue trading with the "EU, Russia, China & dozens of our other trading partners".
The chief executive of reinsurance group Munich Re said it may abandon its Iran business under pressure from the United States, but described the operation as very small.
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