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U.S. sanctions to have ‘severe consequences’ for global order – Iran

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U.S. sanctions against Iran will have “severe consequences” for the world order, the Islamic republic said on Tuesday, days before new sanctions on Tehran’s oil exports take effect.

Washington reintroduced sanctions against Iran’s currency trade, metals and auto sectors in August after it pulled out of a multinational 2015 deal that lifted sanctions in return for limits on Iran’s nuclear programme.

A new set of sanctions on Iranian banking and energy sectors are to take effect Nov. 5, as U.S. President Donald Trump seeks to cut oil purchases from the Islamic Republic to zero.

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“Unfortunately a law-breaking country (the United States) seeks to punish a country (Iran) that is law abiding.

“This method will have severe consequences for the world order,” Foreign Minister Mohammad Javad Zarif said during a visit to Istanbul.

“Americans have not achieved their goals by imposing illegal sanctions against Iran,’’ Zarif added.

Tehran says it has complied fully with the nuclear accord and its commitment has been repeatedly confirmed by the UN atomic watchdog, International Atomic Energy Agency (IAEA).

Trump complained that the deal, approved by his predecessor Barack Obama, does not cover Iran’s ballistic missiles, its role in regional wars or what happens after the nuclear pact begins to expire in 2025.

“The world community has stood up to the U.S. sanctions,” Zarif said, after a trilateral meeting between Iran, Turkey and Azerbaijan’s foreign ministers.

Yinusa McBrian Momoh is an enthusiastic individual who believes in the greatest good for the greatest number as well as a creative Wordsmith with interests in Management Training, Research, Content Development and Digital Marketing

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