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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

President Hassan Rouhani Threatens for Consequences

The US pressure on global community to stop buying Iranian oil by early November may trigger a regional crisis and force Iran to completely stop oil movement in the region. This was indicated by Iranian President Hassan Rouhani on Monday when he stressed that “it is not possible for the region’s oil to be exported while Iran’s oil is not”.

While addressing Iranian Diaspora in Swiss capital Bern, Rouhani said, “It would be meaningless that Iran cannot export its oil while others in the region can. Do this if you can and see its consequences.” Observers believe this could be serious threat.

Read More: US asks nations to stop Iranian oil import by Nov.4 or face sanctions

He said that Iranian nation has never bowed and will never bow to the foreign pressures. He said that Swiss officials have voiced their support to JCPOA and reiterated for continuation of economic ties with Iran. Representatives of 40 Swiss companies are scheduled to hold talks with Iranian counterparts on Tuesday, he informed.

Rouhani is currently visiting Europe to discuss the fate of the multilateral nuclear deal after US withdrawal. After visiting Switzerland he is scheduled to go to Austria where he will meet President Alexander Van der Bellen and Chancellor Sebastian Kurs.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

On Monday, Rouhani met his Swiss counterpart Alain Berset and discussed issues of common interest and explored the ways to strengthen ties in various fields. He described the Iran deal as “multilateral international agreement” adding that the US withdrawal from the accord proved its lack of commitment to its international obligations.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile, Brian Hook, the State Department Director of Policy Planning, on Monday, has spelled out a campaign of “maximum economic and diplomatic pressure” to drive Iran towards negotiating a “better” deal to replace the Iran nuclear deal.

He told reporters that Iran is not a “normal” country and must meet 12 demands in order to be relieved of US sanctions. “Normal countries don’t terrorize other nations, proliferate missiles and impoverish their own people,” he said.

He further said, “This new strategy is not about changing the regime, it is about changing the behaviour of the leadership in Iran to comport with what the Iranian people really want them to do.”

Read More: US urge Security Council to punish Iran for malign behaviour

US Department of State called on its allies in Europe, Asia and the Middle East to adhere to the sanctions with the aim of pressuring Iran into negotiating a new agreement.

By the end of this week Hook is scheduled to visit aome European allies: Britain, France and Germany to discuss Iran. Hook has also said he and senior Treasury Department officials would visit Gulf states “in the coming days.”

Hook told reporters that the goal of the US was to get as many countries as possible down to zero Iranian oil imports. “Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue on crude oil sales,” he said.

“We are working to minimize disruptions to the global market but we are confident there is sufficient global spare oil capacity.”

Read More: Khamenei: US will fail in dividing Iran’s people and government

He also claimed that more than 50 international firms have already announced their intention to leave the Iranian market, especially in the energy and financial sectors.

The State Department official said that new sanctions, describes as “snap back” sanctions, will begin on August 4, targeting Iran’s automotive sector and its trade in gold and other key metals.

The second set of sanctions will snap back on November 6 targeting Iran’s energy sector, focusing on petroleum-related transactions, plus transactions with the central bank of Iran.

The move comes two months after US President Donald Trump announced US withdrawal from the Iran nuclear deal.

During 1980-1988 Iraq-Iran war, when most of the Arab states and Western countries were supporting Iraq’s Saddam Hussein regime against newly established Islamic Republic of Iran after throwing pro-US Shah Pehlavi out of power, Tehran had threatened to stop oil movement from regional Arab countries by blocking the Strait of Hormuz, the world’s most strategic important choke point. It is the narrowest strait having width of 54 kms.

Observers consider that Iran’s President Hassan Rouhani’s threat of “consequences” in case Iran’s oil was not allowed to be exported may cause a huge crisis in the region.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile Major General Gholam Ali Rashid, a senior commander of Islamic Revolution Guards Corps (IRGC), said on Monday, that any threat against Iran at any level will not be left unanswered and emphasised that the country’s armed forces were fully prepared to give a firm and crushing response to enemies.

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Iranian President Pezeshkian at UN says Iranians have been victims of US terrorism

Iranian President Masoud Pezeshkian said at the UN General Assembly that Iranians had been victims of US terrorism and insisted that Iran had acted in self-defence.

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Iranian President Masoud Pezeshkian accused the United States of subjecting Iranians to what he described as terrorism while addressing the United Nations General Assembly on Wednesday.

Pezeshkian said Iran had defended itself against attacks and rejected the characterisation of the country as a terrorist actor. His remarks came during a rare wartime appearance at the UN as tensions between Iran and the United States remain high.

Pezeshkian accuses US and Israel of attacks

Speaking at the General Assembly, Pezeshkian said Iranian civilians had been targeted by attacks and described the actions against his country as aggression.

“We have only defended ourselves. We are not terrorists,” he said, according to the report.

Pezeshkian also accused the United States and Israel of attacking Iran, while maintaining that Tehran’s response was an act of self-defence.

The Iranian president displayed photographs of former Supreme Leader Ali Khamenei and more than 150 schoolchildren who, according to his account, were killed during the early days of the conflict.

Iran’s message at the UN

Pezeshkian’s address came against the backdrop of the ongoing conflict between Iran and the United States and heightened tensions in the region.

Iranian officials had indicated ahead of the UN visit that they intended to highlight what Tehran considers attacks against its people and raise concerns over the international response to the conflict.

The Iranian delegation’s visit to New York also comes amid restrictions imposed by the United States on the delegation’s movement and other aspects of its stay, according to reporting ahead of the address.

Pezeshkian says Iran defended itself

Pezeshkian’s central message at the UN was that Iran’s military actions should be viewed as a response to attacks rather than terrorism.

His description of the conflict and the allegations against the United States and Israel represent the Iranian government’s position. They should therefore be attributed to Pezeshkian rather than presented as independently established facts.

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PM Modi’s Canada visit could help wrap trade talks, says Canada PM Mark Carney

Canadian PM Mark Carney said he is looking forward to hosting PM Narendra Modi, with both countries aiming to conclude their ongoing trade negotiations.

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Canadian Prime Minister Mark Carney has said he is looking forward to hosting Prime Minister Narendra Modi, as India and Canada continue efforts to advance their bilateral relationship and conclude ongoing trade negotiations.

The two countries have been working towards a Comprehensive Economic Partnership Agreement (CEPA), with both sides previously setting a target to conclude the negotiations in 2026.

Carney and Modi have held discussions on strengthening economic ties between India and Canada, including trade and investment. Their engagement has gained momentum following Carney’s visit to India earlier this year.

India-Canada trade talks

India and Canada formally resumed efforts towards a broader trade agreement after a period of strained bilateral ties. The two sides have committed to advancing negotiations on a CEPA covering their economic relationship.

In June, Carney and Modi reviewed progress in bilateral economic cooperation during their meeting on the sidelines of the G7 Summit in France. They expressed satisfaction with the progress in CEPA negotiations and reaffirmed their shared objective of concluding the talks in 2026.

During Carney’s visit to India in March, the two leaders had also agreed to accelerate negotiations on the CEPA and work towards finalising the agreement during 2026.

Modi’s proposed Canada visit

Carney had invited PM Modi to visit Canada in 2026, and the two leaders agreed to remain engaged through diplomatic channels to work towards a mutually convenient date for the visit.

The proposed visit comes as New Delhi and Ottawa seek to build on renewed diplomatic and economic engagement, with trade negotiations remaining a key part of the relationship.

The focus on completing the trade talks comes as both countries look to expand commercial ties and establish a broader economic framework through the proposed CEPA.

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Trump issues fresh Iran warning at UN General Assembly, signals deal after midterms

US President Donald Trump issued a fresh warning to Iran during his UN General Assembly address, saying he faces a choice between a deal and further escalation.

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US President Donald Trump used his address to the United Nations General Assembly on Tuesday to outline what he described as a major decision over Iran, putting the possibility of a deal against further military escalation.

Speaking at the UN in New York, Trump said he had a “big decision” to make. He questioned whether the United States should pursue an agreement that would allow Iran to rebuild or instead take further action against the Islamic Republic.

Trump later indicated that he believed an agreement with Iran could be reached after the US midterm elections, which are scheduled for November 3.

Trump says deal with Iran remains possible

During his speech, Trump presented two possible paths. He said a deal could allow Iran to rebuild and become a stronger country, while also raising the possibility of destroying the Islamic Republic if an agreement was not reached.

Trump said he believed a deal could eventually be reached, arguing that Iran was waiting to see the outcome of the US midterm elections.

His comments came amid the continuing US-Iran conflict and renewed diplomatic activity surrounding the confrontation. Trump’s UN appearance came as Washington was also engaged in discussions with multiple international leaders over the Iran conflict and other global issues.

Iranian delegation walks out during Trump’s speech

The Iranian delegation reportedly left the General Assembly chamber as Trump began describing the military confrontation with Iran.

According to the report, only one person from the Iranian delegation remained seated as Trump spoke about the conflict and the military strikes of the past six months.

The walkout came as tensions between Washington and Tehran remained high, with both sides facing pressure over the continuation of the conflict.

Trump’s latest warning follows earlier comments

Trump’s UN remarks came days after he said he was approaching a major decision over whether to intensify military action against Iran or pursue another route.

He had also indicated before his UN appearance that he could be open to meeting Iranian President Masoud Pezeshkian during the UN General Assembly in New York.

The possibility of renewed negotiations comes against the backdrop of continuing military and diplomatic tensions between the two countries.

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