Pompeo says Iran sanctions will be enforced

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A handout picture provided by the Iranian presidency shows Iranian president Hassan Rouhani during a meeting in Tehran on July 14, 2018.

Trump administration officials say the sanctions are being restored starting Monday in an effort to change the Iranian regime's behavior.

"For Bolton and others, pressure is an end in and of itself", Suzanne Maloney, deputy director of the foreign policy program at the Brookings Institution, told AFP.

But, while the circumspect approach mirrors Trump's "maximum pressure" campaign that helped force North Korea and China to change their tunes, this time he's opened with an offer for a summit. "Even U.S. presidents after you will not see that day". The renewed sanctions target the trade of automobiles, coal, gold and other metals, as well as Iranian purchases of USA dollars.

Ironically, Iran's government may regret cracking down on black market operators that facilitated oil sales during the last sanctions regime, such as billionaire Babak Zanjani who was sentenced to death for corruption in 2016.

"He's assuming that if he talks tough, that will bolster the credibility of American military power", Dubowitz said.

It is likely that low-ranking members of the Iranian delegation and Trump's team will meet to hear each other's point of view before the regime decides whether to accept Trump's offer of talks.

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It's not inconceivable a meeting on the sidelines could occur then - Tehran will be looking anxiously to a November deadline for oil buyers to stop purchasing Iranian crude. "If they want to meet, I'll meet".

Trump himself was more blunt in a tweet he posted Saturday, writing: "Iran, and it's economy, is going very bad, and fast!"

ANKARA, Aug 5 (Reuters) - Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about USA sanctions likely to be imposed this week.

Though the United States sanctions post-deal will be unilateral and not as strong as the pre-deal UN-imposed sanctions, fear angering the USA, the world's largest economy, will likely scare off Europeans who are otherwise committed to the deal.

Iranian authorities have yet to comment on them and several officials contacted by Reuters declined to comment. The strait at the mouth of the Persian Gulf is crucial to global energy supplies as about a third of all oil traded at sea passes through it. "The Trump administration is doing that on objective to keep everyone feeling threatened", said a Western businessman in Tehran working in the oil and gas sector.

"It should be discussed in the Supreme National Security Council", said Nategh Nouri, who is also a former aide to Supreme Leader Ayatollah Ali Khamenei. The videos could not be authenticated. There were no additional details.

Sanctions against Iran will be strictly adhered to and act as long as the Iranian government will not change its course radically, said the US Secretary of state Mike Pompeo, reports the Associated Press.