Trump Remarks “Unlikely to Impact Oil Market”

While Trump did not pull Washington out of the nuclear deal, he gave the US Congress 60 days to decide whether to reimpose economic sanctions against Tehran that were lifted under the pact. Reimposing sanctions would put the US at odds with other signatories of the accord such as the UK, France, China, Russia and Germany, as well as the European Union.

Trump also announced sanctions on the IRGC, which he accused of destabilizing the Middle East and threatening American interests in the region.

“I am authorizing the Treasury Department to further sanction the entire Islamic Revolutionary Guard Corps for its support for terrorism and to apply sanctions to its officials, agents and affiliates,” he claimed.

Iran’s Foreign Ministry said in a statement earlier Friday that the Iranian Armed Forces, including the IRGC, are the symbol of power and defenders of security and are supported by the Iranian government and nation.

The statement, which came a few hours before Trump’s speech, emphasized that Iran’s core policy is to support regional peace and stability and confront any destabilizing and divisive measures aimed at creating tensions and conflicts in the region.

(Source: Shana)

One Response to Trump Remarks “Unlikely to Impact Oil Market”

  1. Jim 18th October 2017 at 2:31 pm #

    No intelligent person will pay any attention to that clown!

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