Sanctions noose tightens on Iran

A man takes a glance at a newspaper with a picture of US president Donald Trump on the front page in this July 31, 2018 photo. Iran has been gripped by protests countrywide amid an economic crisis that is expected to worsen as economic sanctions by the US take effect Monday, August 6, 2018. (AFP/ATTA KENARE)
Updated 06 August 2018
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Sanctions noose tightens on Iran

  • New penalties begin today ... with more to follow in November 
  • Trump withdrew US support for a 2015 deal under which sanctions would be lifted in return for curbs to Iran’s nuclear program

LONDON: Iran is staring into the economic abyss as the US today restores crippling sanctions that have already sparked protests countrywide and sent the value of the Iranian rial tumbling.

The US Treasury Department’s new sanctions are wide-ranging and block Tehran from acquiring US dollars, and trading in gold and other precious and industrial metals. 

They also cover the automotive sector and debt markets — effectively preventing the country from seeking relief at home by raising international capital. The measures even extend to the sale of pistachio nuts and Persian rugs. Further sanctions targeting the banking and energy sectors will follow on Nov. 4.

US Secretary of State Mike Pompeo said Iran had treated its people “very poorly” as he wrapped up a three-day trip to Southeast Asia in Indonesia.

“President Trump has always said he is prepared to talk, but it’s important that Iran has to be committed to changing its ways in order for those discussions to prove of any value,” he said.

The crisis has led to protests around the country demanding regime change. Iranians complain that they face economic deprivation while their government squanders cash on military adventures in Lebanon, Syria and Yemen. 

Iran has witnessed angry protests over the past week over rampant inflation that is being made worse by the weakening of the Iranian currency.

Footage posted online showed people in Tehran shouting: “Death to the dictator,” in a reference to supreme leader Ayatollah Ali Khamenei.

President Donald Trump announced in May that the US was withdrawing from an international accord struck in 2015 under which sanctions would be lifted in return for curbs to Iran’s nuclear program.

Meanwhile corporations have been racing to finalize deals before sanctions resumed and Iran bought five new commercial planes on Sunday. The ATR72-600 aircraft are made by a company jointly owned by European consortium Airbus and Italy’s Leonardo.

Tensions have risen in the Arabian Gulf and the Islamic Revolutionary Guard Corps confirmed on Sunday they had held war games in the region in recent days. A US military spokesman said they had detected increased Iranian naval activity in the Gulf. 

 


Iranian official in surprise visit to Lebanon

Updated 18 July 2019
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Iranian official in surprise visit to Lebanon

  • Some of the threats made by the Zionist enemy are not in favor of the region’s security, Abdollahian says

BEIRUT: “Lebanon must be kept out of all regional crises,” said Iran’s Shoura Council assistant speaker for international affairs, Hossein Amir Abdollahian, during a surprise visit to Beirut on Wednesday.

“We say at the top of our voice that Iran and its allies will not allow the Zionist entity and the US to damage the region’s security.”

Following his meeting with Parliament Speaker Nabih Berri, Abdollahian said that Tehran “is convinced that the security of Lebanon is the security of the region and the Islamic Republic of Iran.”

Abdollahian added that “some of the threats made by the Zionist enemy are not in favor of the region’s security.”

He described his talks with Berri as “good and constructive.”

“We will not allow Israel, US to interfere with regional security.”

Hossein Amir Abdollahian, Iran’s Shoura Council official

Abdollahian said: “We have come today to reaffirm that Iran fully supports the people, army, resistance and government of Lebanon, and we look forward to developing relations between our two countries until they reach the highest levels.”

He said he believes that the statements of Israeli Prime Minister Benjamin Netanyahu are for “domestic consumption,” accusing him of “making some moves in the region that are not in his favor.”

Netanyahu responded to a message from Hezbollah Secretary-General Hassan Nasrallah on Sunday by threatening Hezbollah during Israel’s Cabinet meeting.

Netanyahu said: “Let me be clear that if Hezbollah dares to commit an act of stupidity and attack Israel, we will deal a crushing military blow on Lebanon. But unlike Nasrallah, I do not intend to detail our plans. It would be enough to recall that, for years, Nasrallah dug terror tunnels, and we demolished them within a few days.”