Pompeo talks tough on Iran while visiting the Emirates

US Secretary of State Mike Pompeo right meets with Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan left at the Al Shati Palace in Abu Dhabi‎ United Arab Emirates

Iran promises to sell as much oil as it can in wake of US sanctions

Rahaghi also expressed disappointment at India not delivering on its promised investment for the expansion of the Chabahar Port and other connectivity projects that run through Iran.

While the U.S. wants all countries, India included, to reduce oil imports from Iran to zero, Washington's ambassador to the UN Nikki Haley had said a fortnight ago that the Americans were open to working with New Delhi on Chabahar in view of its strategic importance, particularly with regard to Afghanistan.

The Chabahar port is considered a gateway to golden opportunities for trade by India, Iran, and Afghanistan with central Asian countries in the wake of Pakistan denying transit access to New Delhi.

Jahangiri said Washington was trying to stop Iran's petrochemical, steel and copper exports, and to disrupt its ports and shipping services.

Iran's vice president acknowledged Tuesday that United States sanctions would hurt the economy, but promised to "sell as much oil as we can" and protect banking.

Last week, while ruling out waivers to India and Turkey - which have told Washington that they would continue to import oil from Iran - the USA had indicated willingness to work with countries that are reducing their oil imports from Iran.

"We should strive to make this relationship more sustainable and durable".

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The senior envoy said Tehran understands India's energy requirements, and added that Iran is still an open market for Indian requirements such as petroleum, urea and liquefied natural gas.

In April to June 2018, the first quarter of this fiscal year, India's oil imports from Iran rose by about 24 percent from the previous quarter to about 647,000 bpd, the data showed.

Rahaghi pointed out that certain privileges extended to India by Iran between 2012 and 2015 had helped New Delhi to continue importing oil from Tehran through the sanctions before the Iran Nuclear Deal (Joint Comprehensive Place of Action) was signed.

Iran called US' approach a "selfish" one and said that it must abandon "its policy of resorting to threats or use of force". He warned such imports largely would be "sanctionable activity and we will enforce those sanctions". The Indian refiners will want to comply with the limits to maintain their access to the US financial system. "So the United States must abandon its policy of resorting to threats or use of force", said Mr Rahaghi.

The secretary of State's comments came as the USA steps up pressure on Iran after President TrumpDonald John TrumpMcConnell to meet with Trump's Supreme Court pick Tuesday Kavanaugh offers lengthy judicial record ahead of bitter confirmation fight Hundreds protest Kavanaugh's nomination outside Supreme Court MORE's announcement in May that he would withdraw from the 2015 nuclear deal with Tehran, which sought to curb Iran's nuclear ambitions in exchange for sanctions relief.

He further went on to suggest that a regional dialogue forum should be set up in the Persian Gulf and West Asia to resolve terrorism and regional crises.

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