Iran rejected the United States accusations that Tehran has long violated the provisions of its nuclear agreement - Photo: Special

JAKARTA (TheInsiderStories) Iran on Tuesday (07/02) rejected the United States (US) accusations that Tehran has long violated the provisions of its nuclear agreement with world leader powers, after the Islamic Republic said it had collected enriched uranium lower than what was allowed under the agreement.

The move marked Iran’ first major step beyond the terms of the pact since the US pulled it more than a year ago. However, the Iranian leader said the move was not a violation of the agreement, arguing that Tehran was exercising its right to respond to the American strike.

The International Atomic Energy Agency (IAEA), an US nuclear watchdog, which monitors Iran’ nuclear program under the agreement, confirmed in Vienna that Tehran had violated the 300 kg (661 lb) limit permitted by agreement.

Then, the White House alleged that Iran might violate a nuclear agreement before and after it was achieved in 2015 very differently from CIA Director Gina Haspel’ testimony in January to the Senate Intelligence Committee which said, “Currently, technically, they have fulfilled”.

Iran’ statement could have far-reaching consequences for diplomacy when European countries try to pull the US and Iran back from confrontation. On June 24, US’ President Donald Trump just signed an executive order to reject Iran‘ supreme leader Ruhollah Ali Khamaeni and his associates access to American key financial resources and support.

The country also apply to anyone who makes a significant transaction with Iran. He authorized the US’ treasury secretary Steven Mnuchin to impose the sanctions on anyone who provided material support to the Office of the Supreme Leader.

Beside Khamaeni, Trump also targeting the worst elements of the Iranian regime, such as the Islamic Revolutionary Guard Corps get the sanction. Trump is imposing hard-hitting new sanctions on Iran, including on the office of the supreme leader.

He revealed, the additional sanctions were a response to Iran’ actions against the shooting of US drones and many other things in the gulf zones. Washington’ anger has intensified after Iran took various provocative actions in a recent weeks.

Iranian missile destroyed the US Global Hawk unmanned aircraft several week ago. Iran also attacked two commercial vessels and used proxy forces to attack civilian infrastructure in Saudi Arabia.

Trump explained the military action “is always on the table”. Nevertheless, he opens the possibility of reaching an agreement more quickly with Iran where the country is increasing the country’ sluggish economy.

He then wrote on his Twitter account from Camp David: “We gave a large additional sanction to Iran on Monday. I look forward to the day when Sanctions come from Iran, and they become a productive and prosperous country again.”

Washington uses promises of economic revival to resolve foreign policy challenges, including the Israeli-Palestinian peace process and plans to create global investment funds to help the Palestinian and neighboring Arab state economies.

Previously, US also taking action to reimpose nuclear-related sanctions with respect to Iran that were lifted in connection with the Joint Comprehensive Plan of Action of July 14, 2015. These actions include reimposing sanctions on Iran’s automotive sector and on its trade in gold and precious metals, as well as sanctions related to the Iranian rial. These measures will take effect on August 7, 2018.

All remaining American nuclear-related sanctions was effective since Nov. 5, 2018. These include sanctions targeting Iran’ energy sector, including petroleum-related transactions, as well as transactions by foreign financial institutions with the Central Bank of Iran.

Meanwhile, followed the high tension between US and Iran, the Organization of Petroleum Exporting Countries and its allies led by Russia, or OPEC+, agreed to extend the reduction in oil production until March 2020. The agreement to extend the pact follows a decision by the OPEC producer the previous day.

The extension of the production pact will certainly anger Trump, who has demanded the OPEC leader Saudi Arabia to supply more oil and help reduce fuel prices if Riyadh wants US military support in its dispute with its arch-enemy Iran.

In April, Trump decided not to reissue waivers for all countries that continue to import Iranian oil without facing US sanctions. The policy has been implemented in early May. White House also stated will supporting allies and partners to switch from Iranian crude to other alternatives.

It said, this move aims to bring Iran’ oil exports to zero, denying the regime its principal source of revenue. Trump also said, US, Saudi Arabia, and the United Arab Emirates, three of the world’ great energy producers, are working to ensure global oil markets remain well supplied.

America and its partners will take immediate action to ensure that supplies are made available to replace all Iranian oil removed from the market, Trump said. He assured, that US to maintain the global oil market supplied in good condition.

In 2018, crude oil production increased by 1.6 million barrels per day above the 2017 level. And the US Energy Information Agency projects an increase of 1.5 million additional barrels per day in 2019 calendar year.

Before sanctions were imposed, Iran generates as much as $50 billion annually in oil revenues. But with the sanctions, it is estimated to have cut $10 billion from Iranian revenues.

The money is used by the Iranian regime to support terror groups such as Hamas and Hizballah and continue the development of its missiles which are in conflict with United Nation Security Council Resolution 2231, and that will perpetuate the humanitarian crisis in Yemen.

The termination of this exception will hit Iran‘ biggest oil customers, China and India, both of which have lobbied for extensions to sanctions. Similarly, South Korea is the main buyer of Iranian condensate, the form of ultra-light crude oil that the refining industry has relied on to produce petrochemicals.

Iran expressed its readiness for the US decision to end the waivers given to buyers of Iranian crude and the Revolutionary Guards repeated threats to close the strategic Strait of Hormuz if Tehran was banned from using it.

In addition, Iran has threatened to disrupt oil shipments through the Strait of Hormuz, the main oil shipping channel in the Gulf, if the US tries to strangle Tehran’s economy by stopping its oil exports.

Written by Staff Editor, Email: theinsiderstories@gmail.com