India preparing to pay in rupees for Iran oil

Zarif Warns Collapse Of Nuclear Deal 'Dangerous' For Iran

Zarif Warns Collapse Of Nuclear Deal 'Dangerous' For Iran

Protesters in Iran entered their third day of demonstrations over the country's faltering economy as President Hassan Rouhani claimed it faces "economic war" with the US.

"I would be hesitant to say zero waivers ever".

The official said countries would be subject to sanctions if oil imports from Iran are not cut to zero. Notably, both New Delhi and Beijing both are the major importers of Iranian oil. Some official Iranian news sites reported that the U.S. dollar was selling for nearly 80,000 rials last week, compared with 60,000 rials in April, according to the semi-official Tasnim News, which cited trade on the unofficial, illegal markets. "Without question, they should be reduced. Without question", the state department official said on condition of anonymity.

"There is a level of frustration that people have with regard to the regime activity and behavior, the enrichment of the military and clerical elite and the squeezing out of the life of the economy", the senior State Department official said. Meanwhile, three days ago sources told TOI the Indian government is set to revive an alternative payment mechanism to settle a part of its payments for oil imported for Iran over the next few days in a bid to counter the impact of USA sanctions imposed on Tehran.

"Today, despite the financial difficulties at home, the Iranian regime is pouring billions of dollars into Syria, Hezbollah, Islamic Jihad, Yemen, and Shiite militias in Iraq", the posts said, adding that Tehran has to date invested $14 billion in Syria alone.

Last month, the EU said it would revive legislation to allow European companies to continue doing business with Iran, despite USA rules.

This could emerge as a topic of discussion between India and the USA during the first 2+2 dialogue on July 6, PTI reported. External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman would be in the U.S. next week for talks with their American counterparts Secretary of State Mike Pompeo and Defence Secretary James Mattis.

"During 2011-2015, India reduced its purchases of Iranian oil at some cost to its own development in order to receive from the United States administration exemptions from sanctions".

Trump said he was unhappy with the terms of the deal and with Iran's continued testing of ballistic missiles and its support for militants in the Middle East.

On Monday, shopkeepers in the Grand Bazaar of Tehran joined the protests, with massive crowds quickly forming on the street chanting slogans against the government and even Supreme Leader Ayatollah Ali Khamenei.

The agreement lifted sanctions on Iran but the USA now plans to re-impose those measures.

Bloomberg News reported on Tuesday that Saudi Arabia is planning to ramp up oil production in July as it seeks to bring down soaring prices in response to pressure from President TrumpDonald John TrumpCohen's lawyers argue 12,000 items protected by attorney-client privilege: reports Former migrant detention facility worker leaks footage from inside facility to MSNBC Trump misidentifies Appalachian Trail as "Tallahassee Trail" while mocking Sanford MORE.

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