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Iran cool on talks as U.S. sanctions target economy

Middle East | 2018-08-07 07:42:27
Iran cool on talks as U.S. sanctions target economy
U.S. President Donald Trump’s top security adviser Monday urged Iran to take up an offer of talks with the United States or suffer more pain from economic sanctions, but Iran’s president said Washington needed first to prove it can be trusted.

Hours before revived U.S. sanctions were due to kick in, White House national security adviser John Bolton said Iran should pay heed to Trump’s willingness to negotiate.

“They could take up the president’s offer to negotiate with them, to give up their ballistic missile and nuclear weapons programs fully and really verifiably,” Bolton told Fox News. “If the ayatollahs want to get out from under the squeeze, they should come and sit down. The pressure will not relent while the negotiations go on,” said Bolton, one of the administration’s main hawks on Iran.

So-called snapback sanctions, slated to come into force early Tuesday, target Iranian purchases of U.S. dollars, metals trading, coal, industrial software and its auto sector.

Foes for decades, the U.S. and Iran have been increasingly at odds over Tehran’s growing political and military influence in the Middle East since Trump took office in January 2017.

The renewed sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program. Trump abandoned the deal in May.

Heavier U.S. sanctions, aimed at Iran’s oil sector, are due in November.

Iran’s rial currency has lost half its value since April under the threat of revived U.S. sanctions. The currency’s collapse and soaring inflation have sparked sporadic demonstrations in Iran against profiteering and corruption, with many protesters chanting anti-government slogans.

President Hassan Rouhani said Monday Iran could hold talks with the United States only if Washington proved its trustworthiness.

Rouhani implied that if the U.S. signed up again to the nuclear deal and lifted sanctions, then that could pave the ground for negotiations.

“If you stab someone with a knife and then you say you want talks, then the first thing you have to do is remove the knife,” Rouhani said in a speech broadcast live on state television. “We are always in favor of diplomacy and talks. ... But talks needs honesty,” Rouhani said.

Trump pulled the United States out of the nuclear deal, saying it fails to address Iran’s ballistic missile program, the terms by which inspectors visit suspect Iranian nuclear sites, and “sunset” clauses under which some of its terms expire.

The two countries are also in dispute over Iran’s involvement with Hezbollah and Yemen’s Houthi rebels and tensions between Tehran and Israel.

Trump plans to reintroduce more damaging sanctions on Iranian oil in November and wants as many countries as possible to cut their imports of Iranian oil to zero.

But the U.S. sanctions strategy has several weak spots, especially a reluctance by Europe and China to curtail business with Iran.A senior official at Iran’s Economy Ministry said Tehran did not think the economic impact of the sanctions would be “massive.” The official, who asked not to be identified, said, “Many countries, including Europeans, disagree with the U.S. sanctions and are willing to work with Iran.”

The sanctions aim to modify Iran’s behavior and not bring about a “regime change” targeting Rouhani, U.S. officials said on a conference call Monday.

They said the government’s handling of social and labor protests was a concern. Fear of sanctions and economic hardship have led to sporadic protests in several cities in recent days, with ordinary Iranians chanting slogans against Iranian leaders. One U.S. official said the administration was deeply concerned about reports of violence against unarmed citizens. “The United States supports the Iranian people’s right to peacefully protest against corruption and oppression without fear of reprisal,” the official added.

Trump warned Monday of “severe consequences” for people or entities that fail to wind down economic activities with Iran.

“The United States is fully committed to enforcing all of our sanctions, and we will work closely with nations conducting business with Iran to ensure complete compliance,” he said in a statement.

The European Union vowed Monday to counter the renewal of sanctions on Iran. The EU and other parties to the 2015 nuclear deal, China and Russia, are working to maintain trade with Iran, which has threatened to stop complying with curbs on its nuclear work if it fails to see the economic benefits of relief from sanctions under the deal.

“We deeply regret the reimposition of sanctions by the U.S.,” the bloc said in a joint statement with the foreign ministers of France, Germany and Britain. They pledged to work on preserving financial flows and Iran’s oil and gas exports, a lifeline of its economy.
Reuters
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