Iran files suit against USA in International Court of Justice over sanctions

18 July, 2018, 12:41 | Author: Regina Silva
  • Iran's Foreign Minister Mohammad Javad Zarif addresses economists in Tehran

President Donald Trump withdrew the United States from the 2015 nuclear pact with Iran reached by his predecessor Barack Obama and other world powers, and ordered tough U.S. sanctions on Tehran.

President Donald Trump withdrew the United States from the 2015 nuclear pact with Iran reached by his predecessor Barack Obama and other world powers, and ordered tough USA sanctions on Tehran. The intention was to allow European companies to engage in some business with Iran.

The other countries that reached the nuclear agreement with Iran - the UK, France, Germany, Russia and China - pledged to continue to honour the nuclear agreement to lift economic sanctions in return for curbs on Iran's nuclear program. US sanctions will make Europe's task exceedingly hard, if not impossible.

"We are all in this together, since the European Union is facing a net loss of 10 billion euros ($11.7 billion) in lost trade with Iran next year", Scholz said.

The first person said India should take heart from a statement by USA treasury secretary Steven Mnuchin wherein he talked about making exceptions of the countries that import Iranian crude.

There were no official comments from the Indian and the U.S. side. The actions are extraordinary and aggressive, and point to a desire for regime change in Iran even if that goal is not the explicit policy of the Trump administration. "I don't think India has much of a choice" about not adhering to the sanctions given that opposing the sanctions would cost India, he said.

A State Department official said the application was without merit and the United States would fight it in the court.

Caught on camera: Michelle Obama dancing at Beyoncé and Jay Z’s concert
Our beloved FLOTUS, who rocked a chill AF all-white outfit, went to the concert with her 17-year-old daughter, Sasha . It's certainly not every day that people see the former first lady looking so casual and dancing as she pleases.


The Open 2018: Tiger Woods aims for major return at Carnoustie links
Andrews, where much of the third round was delayed due to windy conditions; balls would not stop rolling on greens. Patrick Reed - The 2018 Masters champion followed his win at Augusta National by making a run at the 2018 U.S.


New christening photo of Prince Louis released
Add Royal Family as an interest to stay up to date on the latest Royal Family news, video, and analysis from ABC News. The candid photograph shows a glowing Kate Middleton cradling her youngest son - a grinning Prince Louis .


The day-long discussions were led by Marshall Billingslea, assistant secretary for terrorist financing in the USA treasury department on the American side and by officials from the petroleum and foreign ministries on the Indian side, two people familiar with the developments separately confirmed. That sounded like a backtracking from all the talk of taking Iran exports down to "zero". Mnuchin's comments were embargoed for release on Monday, perhaps to coincide with the visit of the United States delegation to Delhi.

"We agreed to keep up the consultations", the person said, describing them as good and free of tensions.

He added: "The State Department has the ability to issue waivers around significant reductions in the oil markets, that's something that Treasury and State will be doing".

Trump has said he asked Saudi Arabia to raise oil production if needed to ensure global oil supplies and the country has 2 million barrels per day of spare capacity.

China, the biggest single importer of Iranian oil at 650,000 bpd according to trade flow data in Thomson Reuters Eikon, may ignore US sanctions and keep importing.

Saudi Arabia and Russian Federation have suggested that OPEC+ could provide more than the 1 million barrels per day that they pledged last month, in the event that the oil market needs it. Ports and shipping also come under USA sanctions. Also, the Trump administration is considering options on releasing oil from the strategic petroleum reserve, which, again, would seek to offset supplies from disrupted locations around the world. The remaining 45 percent payment was remitted in rupees in accounts Iranian oil companies had with the UCO Bank.

Recommended:



Popular

Japan, EU sign free trade pact amid worries about Trump
About 94 percent of the tariffs on European exports to Japan will be lifted, rising to 99 percent in the future. She says security, counterterrorism, and energy will be on the agenda, as well as trade.

Donald Trump: How the Queen SNUBBED US leader with brooches
The brooch was a gift from former US President Barack Obama , and his wife Michelle when they visited the United Kingdom in 2011. It all started when one social media user tweeted about something interesting they noticed about the Queen's fashion that day.

Serena Williams' husband feared she would die after childbirth
After all the time away, Williams spoke about being impressed with herself for just reaching the final. "I try to enjoy every single moment now".

‘Oddball’ among 12 new moons discovered around Jupiter
Astronomers who were searching for a planet beyond Pluto discovered 12 previously undetected moons orbiting around Jupiter. This orbital arrangement means Jupiter appears as the largest disc in the sky and will be visible from sundown to sunrise.

Chelsea to re-sign Cech when Courtois joins Real Madrid
Meanwhile, at Chelsea , Thibaut Courtois looks to be on his way out of the club as he nears his desired move to Real Madrid . Chelsea sold the 36-year-old to the Gunners for around £10 million three years ago after losing his place to Courtois.

Chennai: Hearing-impaired minor gang raped for 7 months
The complainant told the police that Ravi, a 66-year-old elevator operator, first sexually assaulted her over seven months ago. Police have arrested the development's security guard, lift operator and water supply controller among other suspects.

Texas house guest 'bit off and swallowed woman's nose'
Doctors told Tatiana she needs to have the surgery within two weeks, or it will become more complicated as the wound heals. Collins, seen at right, was released from custody after posting $1000 bond on the misdemeanor charge.

Liverpool stage world-record bid for Alisson
Simon Mignolet , meanwhile, is expected to leave Anfield this summer after he lost his place to Karius last season. The 25-year-old stopper has spent two years in Italy following his arrival from Internacional in his homeland.

CVS Manager Calls Cops on Black Woman for Using Wrong Coupon
No action was taken when officers arrived. "Profiling or any other type of discriminatory behavior is strictly prohibited". The company reviewed the incident over the weekend, and terminated both employees and issued a public apology to Hudson.

Liverpool make £62m bid for Roma goalkeeper Alisson
Karius found out two weeks later that he had suffered concussion in the game following a collision with Sergio Ramos. But they have now made a decision to swoop for the shot stopper, who they have been watching for over 12 months.