US Works To Ensure Alternative Oil Supply To India

Hossein Fereidoun brother and top aide of moderate Iranian President Hassan Rouhani sits in a conference in Tehran Iran. Iran’s semi-official ISNA news agency says President Hassan Rouhani’s brot

With frustration mounting in Iran over the lack of dividends from the nuclear accord, the semi-official ISNA news agency said that President Hassan Rouhani would announce "retaliatory measures" on Wednesday to mark the anniversary of the U.S. pullout.

Similarly, the semi-official Iranian Students' News Agency (ISNA) reported that Iran on Wednesday will announce "reciprocal actions" to the United States withdrawal from the nuclear deal, quoting "knowledgeable sources".

But under the Trump administration, the US exited the deal and revived sanctions, including an embargo against Iran's economically important oil sector.

"The Islamic Republic of Iran in reaction to the exit of America from the nuclear deal and the bad promises of European countries in carrying out their obligations will restart a part of the nuclear activities which were stopped under the framework of the nuclear deal", the source said, according to IRIB.

European "officials, who have just made unfulfilled vows during a year ago have been unofficially informed of the decision", the report continued.

Trump says the Iran nuclear deal was "fatally flawed" because it did not address Iran's ballistic-missile program or Tehran's alleged state sponsorship of terrorism.

"Iran has stated that it will treat such a reintroduction or reimposition of the sanctions ... or such an imposition of new nuclear-related sanctions, as grounds to cease performing its commitments under this JCPOA in whole or in part".

More news: Moscow vows to expand cooperation with Tehran despite U.S. sanctions threat

Iranian parliamentary speaker Ali Larijani on May 4 said Iran will continue to enrich uranium in accordance with the accord regardless of USA moves to put a stop to it. He added, "We will continue enrichment whether you want to purchase it or not", referring to the arrangement in which Iran exports low-enriched uranium in exchange for natural uranium.

Mentioning the Europe's financial mechanism for trade with Iran (known as INSTEX), the deputy minister said, "In Europe, everyone supports the nuclear deal, calling for its continuation".

United Nations nuclear inspectors have repeatedly verified Iranian compliance with the accord.

The other powers that are still involved in the pact - Britain, France, Germany, Russia, China and the European Union - have been trying to keep Tehran from abandoning the pact in spite the renewed US punitive measures.

Ironically, the evidence-free claim comes as the USA steered a carrier strike group into the Persian Gulf to "send a message" to Tehran - not exactly an olive branch gesture in itself. "So we have to increase our hard currency income and cut our currency expenditures", Rouhani said.

Over the past ten years, Tehran is reported to have sold its oil at prices far below global benchmarks using little-known private companies to facilitate quietly executed deals, according to Reuters.

"If these actions take place, if they do by some third-party proxy, a militia group, Hezbollah, we will hold the Iranian leadership directly accountable for that".

Related News:

Most liked

The significance of Prince Harry and Meghan Markle's baby boy
Wendell Pierce, who played Meghan's onscreen father, tweeted, "Congratulations to the Prince & Duchess with their new baby boy! ". Royal expert Victoria Arbiter is laying odds the couple will choose a name that connects his British and American heritage.

'Decision to rerun Istanbul elections based on law'
Howard Eissenstat, a Turkey expert at the nonprofit Project for Middle East Democracy and a Middle East history scholar at St. Following allegations from Mr Erdogan's party of "irregularities and corruption", the election will now be re-held.

Google unveils new design for Android Auto
Those of you with larger in-car displays will also be happy to know that Auto will finally expand to fill the entire screen. Indeed, Google says that now there are more than 500 different models, across 50 different brands, that support it.

A rested Man City welcomes Leicester City - Liverpool will be watching in
We needed more than quality and what we have normally needed this season. "Sometimes things are meant to happen. James' Park to beat Newcastle United 3-2 on Saturday to move back to the top of the Premier League table.

Novak Djokovic counts to 250! Roger Federer is no. 3
The defending champion in Madrid is Alexander Zverev , the German who did not drop his serve in his winning campaign a year ago . Elsewhere Stefanos Tsitsipas takes ninth spot from American John Isner following the Greek's victory at the Estoril Open.

Ex-prosecutors: Trump would’ve been charged if not president
House Democrats also criticized Barr for failing to appear at the House Judiciary Committee hearing on Mueller's report on May 2. Last month, the House Judiciary Committee subpoenaed McGahn seeking documents by Tuesday and for him to testify on May 21.

See Satya Nadella’s Build 2019 vision keynote in 5 minutes
Announced in September previous year , Microsoft's universal search feature will appear across all Office 365 applications. Many people welcomed this news, as it meant that Microsoft could allow Edge to use numerous features Chrome has.

Michael Cohen reports to prison
Cohen to claim he had major decision-making authority at the Trump Organization is ridiculous", Sorial wrote. The Otisville prison conditions should allow Cohen to spend at least some time on such projects.

It’s a boy! Meghan Markle and Prince Harry welcome their first child
The infant will be seventh in line to the British throne and Queen Elizabeth II's eighth great-grandchild. She wrote: "The birth of a baby is a joyful occasion - congratulations to Harry and Meghan ".

Trump's tariff threat leaves Beijing stalling on next talks
The Wall Street Journal , citing unidentified sources, said China's government was considering cancelling this week's talks. Last month, two US warships sailed through the Taiwan Strait, in a move that Beijing said threatened to hinder U.S.

Crescent moon sighted - Ramadan to begin from May 6
The calculation found that Ramadan can not start on the "next day", concluding that the first day of Ramadan will be on May 6. Increasingly common are Ramadan tents in five-star hotels that offer lavish and pricey meals throughout the evening.

Latest Spider-Man: Far From Home trailer hints at a wider Multiverse
It is entirely possible he will walk away from the film knowing he is not the next Iron Man, putting someone else in the hot seat. Disney's purchase of 20th Century Fox properties means Marvel Studios has the movie rights to the X-Men and Fantastic Four.

US Downplays North Korean Missile Launches
Japan's Defense Ministry said there was no evidence the projectiles had landed in its territorial waters. Analysts say one of the weapons fired appears to be a newly developed short-range ballistic missile.

U.S. to Impose Higher Tariffs on Chinese Exports
In his Sunday tweet, Trump promised to raise import taxes on $200 billion worth of Chinese goods to 25 percent from 10 percent this Friday.

House Judiciary schedules vote to hold Barr in contempt of Congress
Spokespeople for the Justice Department and Mueller declined to comment on Cicilline's remarks and on Trump's tweet . The congressman told Fox News Sunday that a "tentative date" had been confirmed with Mueller. "They will testify.