Iran's leader links talks with U.S. to lifting sanctions

Iranian President Rouhani and his Austrian counterpart Van der Bellen inspect a guard of honor in Vienna

He also said Tehran expects the European countries to bring forward a practical package of proposals to salvage Iranian nuclear deal, also known as JCPOA, after the USA pull-out in May.

The Korea International Trade Association estimates exports to Iran dropped by more than 15-percent during the first half of this year from the same period last year to around one-point-seven billion US dollars.

Iranian forces might decrease its presence in Syria and even cease it after the situation in the war-torn country normalizes and the fight against terrorism there brings significant results, Iranian Foreign Ministry's spokesman Bahram Qassemi said. He also signed support for the Iranian people. "USA hypocrisy knows no bounds".

"We are monitoring it closely, and will continue to work with our partners to ensure freedom of navigation and free flow of commerce in global waterways", said Navy Captain Bill Urban, the chief spokesman at Central Command, which oversees United States forces in the Middle East.

"We are intent on cutting off the regime's access to resources that they have systematically used to finance terror, fund weapons proliferation, and threaten peace and stability in the region", the official said.

A senior administration official said the United States is "not particularly concerned" by EU efforts to protect European firms from the re imposition of sanctions.

The UK, France and Germany - which were also parties to the 2015 accord along with Russian Federation and China - have expressed "deep regret" at the U.S. move.

They pledged to work on preserving financial flows and Iran's oil and gas exports - a lifeline of its economy. When Iran's military has lashed out or tested the USA in Syria, the United States has beaten them back emphatically, as has Israel.

The statement by European Union diplomatic chief Federica Mogherini and the foreign ministers of the United Kingdom, France and Germany said it would also work to keep "effective financial channels" open with Iran.

However, an unnamed senior Trump administration official said the U.S. was "not particularly concerned" by the move. "We are seeing a substantial impact".

The second administration official said Iran's economy was already on a "downward spiral" before Trump chose to reimpose sanctions and pointed to Iran's weakening currency, rising unemployment and growing protests across the country as evidence.

US sanctions targeting Iranian trade in automobiles, gold and other key metals will be re-imposed on Monday, while sanctions targeting the country's energy and banking sector will resume November 4.

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

In a statement released Monday, President Trump cast the move to restore sanctions as a means of rectifying what it says is the Obama administration's mistake in agreeing to the Joint Comprehensive Plan of Action, or JCPOA.

"Reimposition of nuclear-related sanctions through today's actions further intensifies pressure on Tehran to change its conduct", Trump said.

Those sanctions will also target Iran's Central Bank, the country's port operators and shipping and ship building sectors, as well as the provision of insurance and financial messaging services.

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