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Obama Welcomes Sanctions Against Iran

by nehaahmed on 24/01/12 at 11:43 am

The United States welcomed the EU sanctions against Iran. Moscow and Tehran on the other hand warns of negative consequences. A halt in oil imports will move Iran to make concessions in the nuclear dispute.

Iran has threatened the Strait of Hormuz to shipping – especially for tankers with oil for the West

U.S. President Barack Obama has welcomed the European Union sanctions against Iran. “These sanctions demonstrate once more the unity of the world community when it comes to the serious threat posed by Iran’s nuclear program,” the president said on Monday (local time). The U.S. would continue to penalties, and thus increase the pressure on Tehran, Obama announced to continue.

Immediately after the oil embargo by the EU against Iran, Washington had issued sanctions against Iran’s third largest bank, Bank Tejarat. Are the nuclear dispute with Tehran now sanctions against 23 financial institutions in force stood in connection with Iran, said the U.S. Treasury. Among them were also the largest state-owned banks in the country.

Financial institutions with ties to Bank Tejarat is now threatening the loss of their access to the U.S. financial system. “Today’s measures directed against bank Tejarat against one of the last access of Iran to the international financial system,” said the Secretary of the Treasury, David Cohen.
Tehran warns of rising crude oil prices

“We will not accept that Iran acquires a nuclear weapon,” it said in a joint statement by Federal Chancellor Angela Merkel and French President Nicolas Sarkozy and British Prime Minister David Cameron. Iran denies, under the guise of a civilian nuclear research in the development of nuclear weapons to work.

Iran responded unforgiving. The leadership in Tehran warned of negative consequences such as rising crude oil prices. They also announced to make any concessions in the nuclear dispute. Deputy Foreign Minister Abbas Araqchi added, according to the official Iran news agency: “The more they (the EU) is moving towards sanctions, the more obstacles there will be in resolving the nuclear dispute.”

“These unilateral steps are not helpful,” Russian Foreign Minister Sergei Lavrov criticized. There is no need to go beyond the UN Security Council agreed in the joint line.
International scrutiny of Iran’s nuclear program as a target

The Deputy Foreign Minister Danny Ayalon told Israel Radio Israel on Monday, with the sanctions the EU is the danger of war has fallen.

The EU foreign ministers decided on Monday next to the oil embargo, freeze the accounts of the Iranian Central Bank in Europe. The “unprecedented sanctions” – Federal Foreign Minister Guido Westerwelle – to persuade Iran to accept an international monitoring of its controversial nuclear program and thus to renounce nuclear weapons. The EU foreign ministers decided on Monday in Brussels and to freeze the accounts of the Iranian Central Bank in Europe.

Iran had 2010 total oil imports to the EU accounted for only 5.7 percent. In some countries the proportion is higher: Greece has a 25 percent to 13 ordered Italy and Spain to about 10 percent of Iranian oil. For the German market Iranian oil plays no role. 2010, Germany introduced nearly 1.5 million tons, an Iranian oil. This corresponds to 1.6 percent of German oil imports. Iran exported to the EU, only 20 percent of its crude oil. Other major oil customers are China, Japan and India.
Iran threatens to block Strait of Hormuz

At the latest by the first July, to stop oil imports from Iran. Until then, ongoing oil purchase contracts by EU member states are settled.

Ostentatiously passed the U.S. aircraft carrier “Abraham Lincoln” despite massive threats from Iran freely the Strait of Hormuz in the Persian Gulf. He was accompanied by British and French warships. Iran had threatened the Straits to shipping – especially for tankers with oil for the West – to block. Washington again threatened Iran with military force for this case.

The EU ministers decided that, until 1 July ongoing oil-supply contracts from the EU countries must be settled. Italy may also introduce more oil because it pays nothing for it to Iran. Although the accounts of the central bank were frozen, but should be “legitimate businesses” continue “under strict controls” be possible. It is all about, to allow for the repayment of debt by Iran.

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