IRGC Chief: Strait of Hormuz either for All or for None

Leroy Wright
July 6, 2018

They also vowed to maintain financial channels, promote export credit cover and air, sea and overland transport links, and to work for the "the protection of companies from the extraterritorial effects of United States sanctions".

"Unfortunately, the proposed package lacked operational solution and specific method for cooperation, and featured just a set of general commitments like the previous statements by the European Union".

The Vienna meeting Friday will discuss the European package of economic measures that aims to persuade Iran to stick with the deal, a European diplomat said without specifying the measures on offer.

Referring to the firm stands adopted by Iran's president against recent USA ill-wishing strategies and imposition of new oil sanctions against Iran, General Jaafari expressed hope that people from all walks of life along with the country's officials to adopt a unified stance to achieve their goal. The former administration downplayed them while it sought to negotiate a complicated nuclear deal.

As an original signatory to the deal, the USA - under then-President Barack Obama - also pledged to waive secondary American sanctions as long as Iran continues to abide by the agreement. "For the start August it seems a bit short, but we are trying to do it by November", he was quoted by Reuters news agency as telling a French radio station.

"We want to make it clear to Iran today that it still has economic benefits from this agreement", Maas told reporters.

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Since Trump's shock move in May, which dismayed all other signatories, Washington has warned other countries to end trade and investment in Iran and stop buying its oil from early November or face punitive measures.

He said the European powers but also Russian Federation and China were working on coming up with a financial mechanism to mitigate planned tough USA sanctions.

Speaking also on July 6, German Foreign Minister Heiko Maas said world powers would not be able to fully compensate for companies leaving Iran due to new US sanctions. This was extrapolated by United States officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt, and that Tehran still has access to the SWIFT global bank payments messaging system or an alternative.

Iran should make more effort to ensure stability in the Middle East and get along with its neighbors, a senior Chinese diplomat said on Friday, as Iran's Revolutionary Guards warned they may block oil shipments through the Strait of Hormuz.

Since Trump's announcement, Iran's rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

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