Iran, Turkey Working On Mechanism To Ditch US Dollar In Bilateral Trade

Saul Bowman
June 6, 2019

Since then, the Trump administration has also re-imposed sanctions on Iran's banking and energy sectors, while Iran has threatened to close the strategic Strait of Hormuz to USA oil shipments.

Yahya Rahim Safavi, a top military aide to Khamenei, said: "The Americans are fully aware that their military forces (in the region) are within the Iran's missile range and all USA and foreigners' navy in the Persian Gulf are within the range of land-to-sea missiles of the Revolutionary Guards".

The military hardware was dispatched to the Middle East in May citing "credible threats" from Iran to which the US did not offer evidence.

"The Iranians see the [maximum] pressure campaign as all-out war on Iran's economy, with regime change as the goal", DiMaggio said.

Iran and Turkey are working on a new gas trade mechanism to enable the two countries to resist U.S. sanctions pressure, Iranian Ambassador to Turkey Mohammad Farazmand said, the Islamic Republic News Agency has reported, citing an interview by the ambassador with Turkish television.

In an interview that aired Sunday on ABC's This Week, foreign minister Javad Zarif saw little chance of taking up Trump's offer, and said Trump's tough negotiating techniques from his real estate career would fail in diplomacy. "I think that's very smart of them, and I think that's a possibility to happen. It does not work in dealing with Iran".

Zarif said Iran draws its power from people.


Zarif dismissed the U.S. claims that there was a new Iranian threat to the region and countered that it was the U.S. Navy's presence that was destabilizing.

"Just imagine if Iran were to come to California coast [or the] Florida coast", he added.

The United States, he denounced, is the one sending nuclear warships to our jurisdictional waters, to our region.

On Saturday, US Secretary of State Mike Pompeo arrived in Switzerland as part of a four-country European tour to assure allies that despite US intentions to step up economic pressure on Tehran with sanctions, Washington was not seeking war, and may explore opening a channel of communications with Tehran.

"My guess is probably what PM Abe is going to suggest is a meeting between [Iranian President Hassan] Rouhani and President Trump on sidelines of the UN General Assembly [in NY this fall]", Vaez said.

"If the United States decide to cause so much pain on the Iranian people by imposing economic warfare, by engaging in economic terrorism against Iran, then there will be consequences", he said. "The U.S.is engaged in war against us, and a war is painful to our participants". "What we say is that we exercise our self defense".

Since Donald Trump was elected as the US President, relations between Washington and Tehran have continued to spiral out of control.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER