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Iran's leaders are looking for ways to protect the economy from US sanctions



DUBAI (Reuters) – Iran is looking for ways to continue exporting oil and other measures to counter US economic sanctions, the state news agency IRNA said Saturday.

Iranian Supreme Leader Ayatollah Ali Khamenei Speaks In Tehran September 14, 2007. REUTERS / Morteza Nikoubazl / Files

Since last month, when US President Donald Trump withdrew from the NPT, most sanctions were lifted in 201

5 The value has dropped to 40 percent, leading to furious protests from bazaar traders who were normally loyal to Islamist rulers.

After three days of protests, Supreme Leader Ayatollah Ali Khamenei said US sanctions are designed to turn Iranians against their government.

"They bring economic pressure to separate the nation from the system … but six US presidents in front of him (Trump) tried this and had to give up," Khamenei said on his website Khamenei.ir.

With the return of US sanctions, which could make access to the global financial system increasingly difficult, President Hassan Rouhani met with the Speaker of Parliament and the judiciary to discuss countermeasures.

"Various scenarios of US government threats to the Iranian economy have been investigated and appropriate action taken to prepare for and sanction potential US sanctions," said IRNA.

One such measure was the search for self-sufficiency in gasoline production, the report added.

The government and parliament have also set up a committee to investigate potential oil buyers and ways to reduce their income after US sanctions have come into effect, said Fereydoun Hassanvand, chairman of Parliament's Energy Committee.

"Given the possibility of US sanctions on Iran, the committee will examine the competence of buyers and how to obtain proceeds from the sale of oil, safe sales alternatives that are compatible with international law and do not lead to corruption and profits." Hassanvand said.

The United States has advised its allies to cut all imports of Iranian oil as of November, a State Department official said Tuesday.

Khamenei said the United States, along with Sunni Muslim Arab Gulf states, which consider Shiite Muslim Iran as their main regional enemy, have been destabilizing the government in Tehran.

"If America were able to act against Iran, it would not have to form coalitions with notorious and reactionary states in the region, and ask for help in riots and instability," Khamenei said in state television broadcasts.

Reporting by Dubai Newsroom; Arrangement of Robin Pomeroy


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