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Iran demands compensation from USA
04-10-2019 15:47
Iran demands compensation from USA
Iran demands compensation from USA

This is the case when sanctions can turn out to be profitable. Iran must have decided to make money on the American sanctions. The country's authorities defined new conditions to return to the nuclear deal whereby the United States should pay $50 billion in compensation. According to Secretary of the Iranian Expediency Council Mohsen Rezai, Tehran needs conditions that go beyond the Joint Comprehensive Action Plan (JCPOA). If the Americans want to restore the deal, they themselves must comply with the agreement and pay compensation, he believes. The damage from the imposed oil restrictions was estimated at $50 billion. The official also said that the recent sanctions from the US against the National Bank of Iran had almost completely isolated the Islamic Republic and continued to do so.

Not long ago, Iranian President Hassan Rouhani accused Washington of violating international laws and announced Tehran's readiness to return to negotiations on the nuclear deal on the condition that the US would lift all sanctions against the Republic. He suggests that the only reason for such action is that the United States wants to conquer the region and take over oil in eastern Saudi Arabia. This is the same reason why the country is fighting with China and other market players, the President of Iran thinks.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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