Published: Sun, August 05, 2018
Finance | By Cynthia Curry

Iranian protesters attack Islamic school as sanctions loom

Iranian protesters attack Islamic school as sanctions loom

Iran wants to bring home 300 million euros ($347 million) it has in the European-Iranian Trade Bank ahead of new United States sanctions set to be reimposed on Monday.

In Tehran, street demonstrators chanted "Death to the dictator", according to a social media video, which could not be independently verified.

The US is now also pushing Pyongyang to scrap its nuclear capabilities after President Donald Trump and North Korea's leader Kim Jong Un agreed a vague commitment to "denuclearisation of the Korean Peninsula" at their landmark summit in June.

"Most have two passports and their families are overseas".

In a statement, Captain Bill Urban, the military's Central Command spokesman, said the USA was "aware of an increase" in Iranian naval operations in the Gulf, the Strait of Hormuz and the Gulf of Oman.

This is a blow to US President Donald Trump's efforts to isolate Iran after his withdrawal from a 2015 nuclear deal with the country, officially known as the Joint Comprehensive Plan of Action (JCPOA), they said.

There were allegations at the time that they had been sparked by conservative opponents of Rouhani in Mashhad before quickly spiralling out of hand.

North Korea reportedly building new ballistic missiles
North Korea may want to use the remains' return to keep diplomacy with the United States alive and win a reciprocal US concession. During his Senate testimony on July 25, Pompeo said that factories in North Korea "continue to produce fissile material ".

In May, the United States pulled out of a 2015 deal between world powers and Tehran under which global sanctions were lifted in return for curbs on its nuclear program.

The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline. Their arrival means state carrier Iran Air has received 13 of the 20 it ordered from the French-Italian manufacturer in April 2017. However, only 13 planes have been delivered since sanctions on Iran were lifted under the nuclear pact.

Iran's Aseman Airlines was ordered to ground its fleet of ATR planes in February after one of them crashed in the Zagros mountains, killing all 66 people onboard.

Increased US hostility has also driven a run on Iran's currency, which has lost around two-thirds of its value in six months.

Some smaller foreign companies have vowed to get around the United States sanctions but large multinational firms such as France's Total and Peugeot, and Germany's Siemens have already announced they'll abide by the sanctions.

It is not yet clear how all this will affect Iranian citizens, but a western diplomat in Tehran who monitors the economy said prices of basic foods were already creeping up.

"There is a massive loss of confidence in the financial system and the government's ability to control things and withstand sanctions".

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