Iranian Oil Imports Will Not Be Decreased, China Tells US

Protesters in Iran attack seminary, break windows

Iran has been furious over U.S. President Donald Trump's decision to pull out of an global agreement on Iran's nuclear program and re-impose sanctions on Tehran. Economic woes are sparking sporadic, leaderless protests across the country.

The US is now also pushing Pyongyang to scrap its nuclear capabilities after President Donald Trump and North Korea's leader Kim Jong Un agreed a vague commitment to "denuclearisation of the Korean Peninsula" at their landmark summit in June.

On Sunday Iran Air will take delivery of five ATR commercial aircraft from the French-Italian firm, slipping in under the wire before the sanctions return.

The AP reported that ATR has pushed the US for permission to send the final seven airplanes to Iran. The U.S. Treasury must approve the sale of airplanes whose components are at least 10 percent American-made, like the AT72-600.

Unipec did not respond to requests for comment.

In May, Trump controversially pulled America out of the nuclear deal Obama agreed with Iran in 2015.

Trump claimed the deal wasn't stopping Iran supporting terror groups or developing ballistic missiles.

Iran "has treated its people very poorly, and that's led to terror". Hormuz is the place they can transfer that pain to the rest of the world. That's what America is trying to get Iran to stop doing. "When we decide anything on Iran, we will inform you". The Iranian nation "has always proved that they will firmly resist any threat to their national interests", the President warned.

Trump himself was more blunt in a tweet he posted Saturday, writing: "Iran, and it's economy, is going very bad, and fast!"

The nuclear deal with world powers would have allowed Iran to replace its entire domestic fleet although military aircraft were always prohibited.

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On Tuesday, the reimposition of USA sanctions will include purchasing of United States dollars, trade in gold and precious metals, coal and industrial-related software, U.S. imports of Iranian carpets, foodstuffs and some financial transactions.

The Iranian riyal is down 25% against the dollar.

In recent days, protests have broken out in several cities, with at least one person shot and killed.

The first round of U.S. sanctions on Iran goes into effect on August 6, followed by ones targeting Iran's oil exports on November 4.

Hardship is coming to Iran.

Reuters reported last week that India's oil industry is preparing for a blanket cut in Iranian imports, although officials from the two countries continue to hold talks on the issue.

Iran's navy and its paramilitary Revolutionary Guard routinely conduct seaborne exercises in the Gulf and the strait.

The oil market has been speculating about how much of Iran's exports could be eroded by the USA sanctions, with analysts from BMI Research to Mizuho Securities predicting that China might boost its imports of cheap supplies from the state and offset cuts by other nations.

The exercise was held with aim of "controlling and maintaining the security of the worldwide waterway of the Persian Gulf and the Strait of Hormuz, and to proportionately counter any threats by the enemy", semiofficial Tasnim news agency reported. He said the exercise, which he described as an annual drill, was aimed at maintaining the security of the worldwide waterway.

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