EconomyLens.com
No Result
View All Result
Thursday, May 8, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Iran says won’t negotiate under ‘intimidation’ as Trump ramps up pressure

David Peterson by David Peterson
March 10, 2025
in Economy
Reading Time: 7 mins read
A A
2
36
SHARES
452
VIEWS
Share on FacebookShare on Twitter

Despite having immense oil and gas reserves, Iraq remains dependent on imports to meet its energy needs. ©AFP

Tehran (AFP) – Iran said Monday it would not negotiate under “intimidation,” after US President Donald Trump sought to ratchet up pressure on Tehran by ending a sanctions waiver that had allowed Iraq to buy electricity from its Shiite neighbour. Iran’s mission to the United Nations had indicated Sunday that Tehran might be open to talks aimed at addressing US concerns about the potential militarisation of its nuclear programme — though not to ending the program completely.

Related

Chinese fabric exporters anxious for US trade patch-up

Where things stand in the US-China trade war

China can play hardball at looming trade talks with US: analysts

Trump calls US Fed chair ‘fool’ after pause in rate cuts

US automakers blast Trump’s UK trade deal

But on Monday, Iran’s top diplomat seemed to slam the door on such discussions, saying Tehran’s nuclear programme was and always will be entirely peaceful and so there was “no such thing as its ‘potential militarization’.” “We will NOT negotiate under pressure and intimidation. We will NOT even consider it, no matter what the subject may be,” foreign minister Abbas Araghchi said on social media platform X.

Since returning to the White House in January, Trump has reinstated his policy of exerting “maximum pressure” against Iran, reimposing sweeping sanctions aimed at crushing its oil industry in particular. The US State Department said Sunday the decision not to renew Iraq’s sanctions waiver was made to “ensure we do not allow Iran any degree of economic or financial relief.” Iran supplies a third of Iraq’s gas and electricity, providing Tehran with substantial income.

On Sunday, the Iranian mission to the United Nations had sounded a more conciliatory note, suggesting Tehran might be willing to discuss certain issues. “If the objective of negotiations is to address concerns vis-a-vis any potential militarization of Iran’s nuclear program, such discussions may be subject to consideration,” said a statement from the mission. “However, should the aim be the dismantlement of Iran’s peaceful nuclear program to claim that what (President Barack) Obama failed to achieve has now been accomplished, such negotiations will never take place,” it said.

The waiver for Iraq was introduced in 2018, when Washington reimposed sanctions on Tehran after Trump abandoned a nuclear deal with Iran negotiated under Obama. A spokesman for the US embassy in Baghdad on Sunday urged Baghdad “to eliminate its dependence on Iranian sources of energy as soon as possible.” “The President’s maximum pressure campaign is designed to end Iran’s nuclear threat, curtail its ballistic missile program, and stop it from supporting terrorist groups,” the spokesman said.

The landmark 2015 deal that Obama helped negotiate between Tehran and major powers promised sanctions relief in return for Iran curbing its nuclear programme. Tehran, which denies seeking nuclear weapons, initially adhered to the nuclear deal after Trump pulled out of it, but then rolled back commitments. US officials estimate Iran would now need mere weeks to build a nuclear bomb if it chose to.

Trump pulled out of the agreement over the objections of European allies, instead imposing US sanctions on any other country buying Iran’s oil. The waiver was extended to Iraq as a “key partner” of the United States. Iraq, despite having immense oil and gas reserves, remains dependent on such energy imports. But Baghdad said it had prepared “for all scenarios” regarding the waiver.

The ending of the energy waiver is expected to worsen the power shortages that affect the daily lives of 46 million Iraqis. Gulf analyst Yesar Al-Maleki of the Middle East Economic Survey said Iraq will now face challenges in providing electricity, especially during summer. To alleviate the impact, Iraq has several options including increasing imports from Turkey.

© 2024 AFP

Tags: Irannuclear energysanctions
Share14Tweet9Share3Pin3Send
Previous Post

Japan auctions emergency rice reserves as prices soar

Next Post

Opium farming takes root in Myanmar’s war-wracked landscape

David Peterson

David Peterson

Related Posts

Economy

Trump unveils ‘breakthrough’ US-UK trade deal

May 8, 2025
Economy

Trump calls US Fed chair ‘fool’ after pause in rate cuts

May 8, 2025
Economy

EU threatens to target US cars, planes if Trump tariff talks fail

May 8, 2025
Economy

EU parliament backs emissions reprieve for carmakers

May 8, 2025
Economy

Toyota cites tariffs as it forecasts 35% net profit drop

May 8, 2025
Economy

Trump announces ‘full and comprehensive’ trade deal with UK

May 8, 2025
Next Post

Opium farming takes root in Myanmar's war-wracked landscape

Indonesians seek escape as anger rises over quality of life

Texas tech boom: Silicon Valley's southern outpost rises

'Got cash?' Tunisians grapple with new restrictions on cheques

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Bill Gates speeds up giving away fortune, blasts Musk

May 8, 2025

Trump unveils UK trade deal, first since tariff blitz

May 8, 2025

Trump calls US Fed chair ‘fool’ after pause in rate cuts

May 8, 2025

Stocks mostly rise as US-UK unveil trade deal

May 8, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.