Iranians, fed up with wars, take to streets as economy worsens

India is reportedly preparing to Iran in rupees for oil cargoes it purchases from the country in a scheme meant to avoid the impacts of US sanctions

"Companies that buy Iranian crude oil must completely cut those exports by the start of November or else they will face powerful US sanctions", a senior State Department official told reporters on Tuesday.

The Trump administration on Wednesday began dismantling the sanctions relief that was granted to Iran under the 2015 nuclear deal, a step that follows President Donald Trump's withdrawal from the global accord.

With regards to the mechanism wisely-planned by the negotiating team, the Joint Comprehensive Plan of Action (JCPOA) is still strong despite US' pullout, Spokesman for Iranian foreign ministry, Bahram Qassemi, said, referring to the official name of the deal.

Those penalties are expected to reduce the country's hard currency earnings from oil exports, prompting public panic in Iran.

He predicted Iran might ultimately enter a fresh recession as lower oil revenues prompted the government to put public sector projects on hold and as the economy became more militarized in response to US pressure.

"We will certainly be requesting that their oil imports go to zero", the State Department official said on condition of anonymity.

Additional reporting from Newsy affiliate CNN. India finds itself caught in other pulls and pressure - while New Delhi has worked with Washington to address legitimate concerns related to Tehran's nuclear programme, India has had long-standing friendly relations with Iran, which remains the third-largest supplier of crude after Saudi Arabia and Iraq despite efforts to reduce dependence on Iranian crude. Iran has announced a list of 15 demands for improving relations with the United States, including a U.S. return to the 2015 nuclear accord, in response to a similar list of demands made by Washington last month. I would be hesitant to say zero waivers ever.

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China, India, Japan, and South Korea are the biggest buyers of Iran's crude oil.

On May 29, Minister of External Affairs Sushma Swaraj, while addressing her annual press conference, the day when she met Iranian foreign minister Javad Zarif in New Delhi, said, "We believe in United Nations sanctions".

"In fact, people are grappling with political and social concerns and if the authorities don't do anything about them, these economically rooted civil protests will turn into disturbances", he added.

Iranian President Hassan Rouhani on Tuesday said his country is in a "fight" with the United States, a day after protesters angered by Iran's tanking economy confronted police in front of parliament. Reuters was not immediately able to confirm the report.

In the wake of popular protests against the deteriorating economic situation in Iran, Katz said: "The Central market in Tehran shut down and the economy is shaking".

"There is a level of frustration that people have with regard to the regime activity and behavior, the enrichment of the military and clerical elite and the squeezing out of the life of the economy", the senior State Department official said. Facing potential escalations again, Iranian officials have threatened a crackdown.

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