Published: Thu, August 09, 2018
Global News | By Blake Casey

Germany warns United States sanctions on Iran could 'boost radical forces'

Germany warns United States sanctions on Iran could 'boost radical forces'

Iranian Foreign Minister Mohammad Javad Zarif was cited by an Iranian newspaper, as saying that a USA plan to stop Iranian oil exports will not succeed.

On Tuesday, the United States reinstated sanctions targeting the Iranian government's purchase of United States dollars, Iran's trade in gold and other precious metals, and its automotive sector.

"If the Americans want to keep this simplistic and impossible idea in their minds they should also know its consequences, " Zarif said".

Last month, Trump offered to meet Iran's leaders.

Iran appears to be looking to discredit the U.S.in North Korea as a way to hamper President Trump's denuclearization effort.

The EU has revived legislation meant to insulate European companies doing business with Iran from United States sanctions, instructing them not to comply with Washington's demands, and providing a mechanism to sue the USA in European courts.

Kim Jong Un's top diplomat held talks with Iranian President Hassan Rouhani in Tehran on Wednesday, just a day after President Donald Trumpreimposed sanctions on the Islamic republic. "Nobody can do anything", Khamenei said recently, the website reported.

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Danish engineering company Haldor Topsoe, one of the world's leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to the new U.S sanctions on Iran, which made it very hard for its customers there to finance new projects.

His Tuesday morning tweet came as Washington's new sanctions on Tehran took effect overnight.

President Hassan Rouhani hinted last month that Iran could block the Strait of Hormuz, a major oil shipping route, if the USA attempted to stop the Islamic Republic's oil exports.

Few American companies do much business in Iran so the impact of sanctions mainly stems from Washington's ability to block European and Asian firms from trading there.

Already facing broad economic fallout as their currency implodes, Iranians are wondering how the next phase of the crisis in USA relations will play out - and what, exactly, America's long-term strategy is toward their country.

Countries like Russia, China and Turkey, however, have said that they would not abide by the United States sanctions, and would continue to trade with Iran. Zarif told the state-owned IRAN daily, however, there are now no ongoing talks between the countries.

Boris Johnson, who was Britain's foreign secretary when Trump removed the US from the pact in May, highlighted that the United Kingdom and other European countries viewed the nuclear deal "as vital for our shared security" and were "fully committed to upholding it".

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