Will Iran circumvent Washington sanctions?

The Iran nuclear deal may be doomed, at least if you believe the global oil market.
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Iran’s officials plan to supply oil through private companies to avoid US-imposed sanctions, said the country’s first vice president, Eshaq Yahanguiri.

The Iranian politician called for “psychological war” on US plans to reduce Iranian oil imports by US companies to zero by November. At the same time, he stressed that if any country tries to replace Iran in the market, it will become a “traitor to Iran and the entire international community.”

In an interview with the Mehr news agency, Yahanguiri explained that “we examine the problem with our allies and find our own way to supply oil. Iranian oil will be available on the domestic stock exchange so that the private sector can buy and export it without problems”.

To do this the authorities need the help of the political and economic actors as well as the Iranian elites.

Yahanguiri, who is also the former Minister of Industry and Mines of Iran, said that currently about 60,000 barrels of oil are already available on the stock exchange and added that this project was drafted by the Iranian authorities and the Ministry of Petroleum.

At least 24 individuals and 10 Iranian entrepreneurs are blacklisted in the United States, while US organizations are banned from acquiring Iranian oil.

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Meanwhile, A US chemical vessel, accompanied by a destroyer, has entered the Persian Gulf, Mehr reported on Sunday.

According to the spokesman of the Armed Forces of Iran, General Brigadier Abolfazl Shekarchi, it is the ship MV Cape Ray.

He also reported that the ship carries chemicals destined for certain regions in Iraq and Syria. The United States, the spokesman believes, intends to maintain their presence in these two countries, using “dangerous methods”.

He added that Iran has detailed information on the vessel, number of crew members and cargo, stating that data will be released later as well as the purpose of the ship’s arrival in the region.

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