Published: Sun, August 05, 2018
Economy | By Shawn Conner

China rejects United States demand to reduce Iran oil imports

China rejects United States demand to reduce Iran oil imports

He also said Tehran expects the European countries to bring forward a practical package of proposals to salvage Iranian nuclear deal, also known as JCPOA, after the US pull-out in May.

Iranian protesters have attacked a religious school in Karaj province near Tehran, a conservative Iranian news agency has said, as sporadic protests simmered ahead of the reimposition of U.S. sanctions.

"We need to create a future full of hope for our people", he stressed.

US President Donald Trump announced in May Washington's withdrawal from a landmark multinational nuclear deal with Iran.

Efforts by the Trump administration to choke off Iran's oil exports are being thwarted by China, which has refused to stop buying crude in the face of reimposed USA sanctions, according to a Bloomberg report published Friday.

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If the USA wants negotiations, it should stop pressures and sanctions, Qasemi was quoted as saying by official IRNA news agency.

Following the approval by Saudi Arabia's Foreign Ministry, head of the Oman and Yemen Department at Iran's Ministry of Foreign Affairs, Mohammad Alibek, has been appointed as the caretaker of the Islamic Republic's interests section in the city of Jeddah, the official Iranian news agency further said.

The protests have often begun with slogans against the high cost of living and alleged financial corruption but quickly turned into anti-government rallies.

The Trump administration argued that the nuclear deal, which lifted some economic sanctions in exchange for restrictions on Tehran's nuclear program, was fatally flawed because it didn't address the country's destabilizing behavior or limit its development of ballistic missiles, among other things.

US Secretary of State Mike Pompeo said last month his country was open to consider waivers for certain buyers of Iranian oil.

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On August 7, Washington will reimpose sanctions on Iran's purchase of USA dollars, its trade in gold and precious metals and its dealings with metals, coal and industrial-related software.

The Associated Press reported that a shipment of five new ATR72-600 planes arrived in Tehran as part of a deal with a French-Italian manufacturer for 20 aircraft.

Iran says the sanctions are endangering lives by blocking the sale of new planes and spare parts for its ageing fleets.

The move was condemned by United States allies including the UK, Germany and France.

Saudi Arabia, Russia, Kuwait and the UAE have increased production to help to compensate for an anticipated shortfall in Iranian crude supplies once planned United States sanctions take effect later this year.

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"We are already seeing vehicle prices going through the roof over fears about raw material imports", she said.

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