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Daimler abandons its Iran plans over USA sanctions

Daimler abandons its Iran plans over USA sanctions

He dismissed a USA call for talks, saying "we are always in favour of diplomacy and talks..."

The two other signatories to the 2015 pact - Russian Federation and China - also continue to support it. European allies say they "deeply regret" the US action.

President Hassan Rouhani's administration also replaced the Central Bank governor and took other measures to shore up the national currency.

Looming US sanctions against Iran will likely hit Tehran's oil sales overseas, and it could lead to a price spike in oil contracts.

He called the landmark 2015 agreement "horrible", claiming it left the Iranian government flush with cash to fuel conflict in the Middle East.

A combination of two pictures shows U.S. President Donald Trump (L) on July 22, 2018, and Iranian President Hassan Rouhani on February 6, 2018.

But a second tranche coming into effect on November 5 covering Iran's vital oil sector, could be far more damaging - even if several key customers such as China, India and Turkey have refused to significantly cut their purchases.

The other parties to the 2015 nuclear agreement - Britain, France, Germany, China and Russian Federation - say Iran was abiding by its commitments and have vowed to salvage the deal by ensuring economic benefits continue to flow to the country.

"In my opinion, there is a good chance of that".

Senior US administration officials, however, warned that the risks were real for companies working in Iran, raising the stakes in an unprecedented standoff between traditional allies.

Those sanctions target financial transactions that involve USA dollars, Iran's automotive sector, the purchase of commercial planes and metals, including gold.

Hours before revived USA sanctions were due to kick in, White House national security adviser John Bolton said Iran should pay heed to Trump's willingness to negotiate.

Many analysts have said that this time, the negative impact on Iranian oil trade will be less significant, and Iran will lose only half of the previous loss.

It is three months since Mr Trump pulled the United States out of the worldwide accord limiting Iran's nuclear activities.

USA officials estimate that almost 100 global companies have announced their intent to leave the Iranian market, particularly in the energy and the finance sectors, he said. "Negotiations with sanctions doesn´t make sense".

"They want to launch psychological warfare against the Iranian nation", Rouhani said.

"He will meet with Iranian leadership at any time to discuss a real, comprehensive deal that will contain their regional ambitions, will end their malign behavior and deny them any paths to a nuclear weapon". "That's the ask", said Pompeo on Sunday ahead of the re-imposition.

"If you're an enemy and you stab the other person with a knife, and then you say you want negotiations, then the first thing you have to do is remove the knife", he told state television.

China, Russia and Turkey have already indicated that they would not comply with the unilateral United States sanctions.

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