Rouhani slams United States sanctions against Iran poorly-conceived ‘crime’'

France’s President Emmanuel Macron left meets his Iranian counterpart Hassan Rouhani in New York

France’s President Emmanuel Macron left meets his Iranian counterpart Hassan Rouhani in New York

Iran has asked the European countries to come up with a new economic package to offset the US sanctions and preserve the accord. They have expressed strong disappointment at the US withdrawal.

Rouhani added that if Iran's crude oil exports were threatened, the rest of the Mideast's would be as well.

"Iran will remain committed to the deal, as long as its interests are preserved", Rouhani said.

Also in Vienna, Zarif will on Friday meet top envoys from the five powers still party to the nuclear deal - Britain, China, France, Germany and Russian Federation - for the first time since Washington's withdrawal, Iranian state media said.

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Tehran announced on Wednesday that it will buy goods only from those nations which purchase Iranian oil.

"We are not looking to grant licenses or waivers, because doing so would substantially reduce pressure on Iran and this is a campaign of imposing pressure on Iran.We are prepared to work with countries that are reducing their imports on a case-by-case basis, but as with our other sanctions, we are not looking to grant waivers or licenses", said Brian Hook, Director of Policy Planning at the State Department, on July 2, when asked specifically about concessions for India.

The European Union, once Iran's biggest oil importer, has vowed to keep the 2015 deal alive without the United States by trying to keep Iran's oil and investment flowing.

Minister for Regional Cooperation Tzachi Hanegbi also told the South China Morning Post that Iran could not rely on support from China to offset the impact of sanctions to be initiated by the United States over the nation's nuclear programme.

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"For now, that's the plan", an European Union source said.

"I really don't see how this is feasible from either a political or market perspective", said Richard Nephew, who helped negotiate the original oil sanctions on Iran and who is now at Columbia University's Center on Global Energy Policy.

Japanese officials said last week, after USA diplomats pressed the country to cut back its purchases, that they were still deliberating.

Separately, Iran's interior minister Abdolreza Rahmani Fazli warned Tuesday that "if we close our eyes for 24 hours, 1 million refugees will go toward Europe through our Western borders" via Turkey. Saudi Arabia and Russian Federation are expected to make up the bulk of the extra oil production, since few other big oil producers have room to ramp up output significantly, if at all. Saudi officials maintain that they can pump even more oil, as much as 12 million barrels a day, a level it has never before reached. The kingdom now produces some 10 million barrels of crude daily.

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In a letter to Rouhani on Wednesday, Major General Soleimani described as "a source of pride" the president's comment that if Iran's oil is not allowed to be exported, then there will be no guarantee that other countries in the region would be able to export theirs.

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