Rouhani says Iran to continue oil exports and resist US economic war
TEHRAN – Reuters
This handout picture released by the Iranian presidency on Nov. 17 shows Iran's President Hassan Rouhani and Iraq's President Barham Salih (L) during a press conference in Tehran.
By reimposing sanctions on OPEC’s third biggest crude producer, Washington wants to force Tehran to drop its ballistic missile programs, further curb its nuclear work and limit its support for proxy militias from Syria to Lebanon and Yemen.
“They have failed to stop our oil exports. We will keep exporting it ... Your regional policies have failed and you blame Iran for that failure from Afghanistan to Yemen and Syria,” he added, to chants of “Death to America!”
The European Union, France, Germany, Britain, Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations.
In particular, the EU has been trying to establish a Special Purpose Vehicle (SPV) for non-dollar trade with Iran.
Iran has threatened to exit the deal if its economic benefits are not preserved, but Foreign Ministry spokesman Bahram Qasemi told a news conference that it remained “hopeful that the Europeans can save the deal.”
The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods, circumventing the U.S. sanctions, which are based on the global use of the dollar for oil trade.
The EU wanted to have the SPV set up by this month, but no country has offered to host it, six diplomats told Reuters last week.
“We expect EU to implement the SPV as soon as possible,” Qasemi said. “Iran adheres to its commitments as long as other signatories honor theirs.”