Economy

Iran plays down threat of new USA sanctions

Iran plays down threat of new USA sanctions

"We do not seek conflict with Iran or any other country", he continued.

While Trump at first said that new sanctions come in response to the USA drone's downing and "the hostile conduct of the regime", he later noted that these sanctions would be imposed regardless of that incident.

"Are there really any sanctions left that the United States has not imposed on our country recently or in the past 40 years?"

US President Donald Trump is ready to talk to Iran about a deal that would lift American sanctions but Tehran would need to curtail its nuclear and missile programs, as well as its support for proxies, a senior US official said on Monday. Iran's foreign minister said he was in talks with leaders from several countries, including China, India and Russian Federation to establish trade "backchannels" in the hopes of side-stepping those sanctions.

Iran's naval commander, however, has warned that Iranian forces would not hesitate to act again and shoot down more us surveillance drones that violate Iranian airspace.

His remarks come a few days after he called off military strikes against Iranian targets amid increased tensions between Washington and Tehran.

"If you're going to look at Saudi Arabia, look at Iran, look at other countries - I won't mention names - and take a look at what's happening", he said.

Tensions have flared after Iranian forces shot down a United States drone Thursday, the latest in a series of incidents including attacks on tankers in sensitive Gulf waters that have raised fears of an unintended slide towards conflict.

Iran dismissed the cyber attacks as a failure.

More news: Trump repeats contested claim he does not know latest sexual assault accuser

Iran claims to have shot down the drone while it was over Iranian territory, however the USA has denied any drone was in that airspace.

Iranian officials then held a news conference and displayed what they said were pieces of drone wreckage collected in Iran's territorial waters.

Trump said last week that he called off "for now" planned retaliatory attacks on Iran after he learned that 150 people could have been killed. Today's action follows a series of aggressive behaviors by the Iranian regime in recent weeks, including shooting down of USA drones, ' he said in the Oval Office. Gen. Hossein Salami, a commander of Iran's Revolutionary Guard, said hours after the shootdown, according to the semiofficial Tasnim news agency. It said that any foreign financial institution that engages in a "significant financial transaction" with the Iranians targeted by the sanctions could be cut off from US financial deals. Countries such as Russian Federation and China have continued their trade with Iran.

Zarif, viewed as Iran's most skilled diplomat, was lead negotiator in the multi-party nuclear accord reached in 2015 under the Obama administration that Trump has since rejected.

The US special representative for Iran, Brian Hook, visited Oman and was headed to Europe to explain USA policy to allies. Iran has said it is not interested in a dialogue with Trump.

President Hassan Rouhani, whose administration negotiated the nuclear deal with the U.S., European countries and other world powers, is sometimes considered a moderate in comparison with Khamenei, Iran's supreme leader.

The main difference between Rouhani and the hard-liners is Rouhani's willingness to engage with the outside world to achieve Iran's goals.

The rising tensions over recent events, as well as concerns over Iran's nuclear programmes, saw Brent prices rise 5% last week, its first weekly gain in five weeks.


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