Trump warns world against business with Iran as sanctions return
“Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less.”
“I feel like my life is being destroyed. Sanctions are already badly affecting people’s lives. I can’t afford to buy food, pay the rent...” said a construction worker on the streets of the capital.
The sanctions reimposed on Aug. 7 -- targeting access to U.S. banknotes and key industries such as cars and carpets -- were unlikely to cause immediate economic turmoil.
Iran’s markets were actually relatively buoyant, with the rial strengthening by 20 percent since Sunday after the government relaxed foreign exchange rules and allowed unlimited, tax-free gold and currency imports.
But the second tranche on Nov. 5 covering Iran’s vital oil sector could be far more damaging -- even if several key customers such as China, India and Turkey have refused to significantly cut their purchases.
“Either change its threatening, destabilizing behavior and reintegrate with the global economy, or continue down a path of economic isolation.
“I remain open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities, including its ballistic missile program and its support for terrorism,” Trump said.
But his Iranian counterpart Hassan Rouhani dismissed the idea of talks while crippling sanctions were in effect.
“If you’re an enemy and you stab the other person with a knife, and then you say you want negotiations, then the first thing you have to do is remove the knife,” he told state television..
“They want to launch psychological warfare against the Iranian nation,” Rouhani said.
“Negotiations with sanctions doesn’t make sense.”
British Foreign Office Minister Alastair Burt told the BBC that the “Americans have really not got this right.”
He said it was a commercial decision for companies whether to stay in Iran, but that Britain believed the nuclear deal was important “not only to the region’s security but the world’s security.”
Iranian Foreign Minister Mohammad Javad Zarif told reporters the global reaction to Trump’s move showed that the U.S. was diplomatically “isolated.”
There is also mounting pressure at home, where U.S. hostility has helped fuel long-running discontent over high prices, unemployment, water shortages and the lack of political reform.
Those protests have proliferated over the past week, though verifiable information is scarce due to heavy reporting restrictions.