Iran hasn't cut offshore oil nor halted exports, according to IOOC

Iran hasn't cut offshore oil nor halted exports, according to IOOC

Some Rouhani supporters have seen the charges against Fereydoun, a close adviser to the president and a senior diplomat who took part in talks that led to the 2015 nuclear deal between Iran and world powers, as a move by the hardline judiciary to discredit the pragmatic Rouhani.

United Nations inspectors say that Iran has remained in compliance with the nuclear deal, which is still backed by European powers as well as Trump's Democratic rivals seeking to unseat him next year.

On May 8, 2018, US President Donald Trump pulled his country out of the JCPOA.

According to nuclear inspectors, Tehran has kept its nuclear program within the main limits imposed by the accord.

"I think this is manufactured by Bolton to try to justify the administration's very harsh policy toward Iran despite the fact that Iran has been complying with the nuclear deal", said Barbara Slavin, the director of the Future of Iran Initiative at the Atlantic Council think tank. It was also allowed to store excess heavy water produced in the uranium-enrichment process in Oman.

India's oil imports from Iran increased by some 5 percent between March 2018 and March 2019 compared to the previous fiscal year through March 2018, because Indian refiners rushed to buy Iranian oil before the US sanctions kicked in in November and hurried to wind up purchases ahead of the waiver's end last week.

Last night, Washington confirmed that a "carrier strike group and a bomber task force" to the region in order to send a clear message to the state.

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Iran was to sell off any enriched uranium above the limit on global markets in return for natural uranium.

Washington did extend five other waivers for up to 90 days related to elements of Tehran's civilian nuclear program.

United Nations nuclear inspectors have repeatedly verified Iranian compliance with the accord.

"We have mobilised all of the country's resources and are selling oil in the "grey market", Zamaninia was quoted by state news agency IRNA as saying.

Reports of Iran's upcoming announcement come specifically in response to the US State Department's decision on May 3 that it would revoke waivers for Iran that would allow it to ship its heavy water overseas for storage and swap its enriched uranium for natural uranium.

The United States has said it wants to cut Iranian oil exports to zero to deny the clerical establishment a principal source of revenue.

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