Iranian President Rouhani leaves for Europe visit

Iranian President Rouhani leaves for Europe visit

As Breitbart Jerusalem reported, Rouhani wants Europeans to financially compensate Iran if they want to preserve the Joint Comprehensive Plan of Action (JCPOA) that was originally drawn up by former president Barack Obama.

"Continuation of exporting oil is symbol of victory against the USA sanctions and I hope we would witness this great victory through planning by the Oil Ministry", the vice president explained.

"He has agreed!", though statements from Saudi media have made no mention of an agreement to raise Saudi oil production.

In the previous round of sanctions on Iran's oil, India was one of the few countries that continued to import Iranian oil, albeit at lower volumes because the USA and European sanctions at that time were choking most of the banking, shipping, and insurance processes.

Rising gasoline prices could create a political headache for Trump ahead of the November elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the economy.

On Fox, Trump directed blame at the Organization of Petroleum Exporting Countries, of which Saudi Arabia is a member.

German Interior Minister offers to resign over asylum policy
Merkel's party, her options would include joining forces with the migration-friendly Greens or heading a minority government. One possibility is for the 70-year-old CDU and CSU alliance to split which would rob Merkel of her parliamentary majority.

Trump was not specific on whether the additional 2 million barrels was a per-day figure - but worldwide daily demand is nearing 100 million bpd. "We are prepared to work with countries that are reducing their imports on a case-by-case basis, but as with our other sanctions, we are not looking to grant waivers or licenses".

The comments by Iranian President Hassan Rouhani and the unexpected announcement by the UAE's oil-rich capital Abu Dhabi came as USA benchmark crude traded around $75 a barrel. Iranian imports will either have to be replaced by purchases from Kuwait or Saudi Arabia or will have to be paid for in alternate currency other than the Dollar.

Rouhani accused the United States of trying to fully prevent the Iranian oil export. After the United States pulled out of the nuclear deal with Iran, Washington has been pushing allies to cut oil imports from Iran altogether by November.

On Tuesday a senior State Department official described tightening the noose on Tehran as "one of our top national security priorities". But he says the USA "is prepared to work with countries that are reducing their imports on a case-by-case basis".

Rouhani's trip will be of "prime importance" as it could "provide a more precise picture of cooperation between Iran and Europe", Iranian foreign ministry spokesman Bahram Ghassemi said in comments carried by the semi-official ISNA news agency on Saturday.

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