Iran: US wish to halt Iran's crude exports won't come true

“Iran will not abandon its defensive weapons... including its missiles that make America so angry,” Rouhani said

“Iran will not abandon its defensive weapons... including its missiles that make America so angry,” Rouhani said

U.S. President Donald Trump pulled out the United States from the 2015 worldwide Iranian nuclear deal in May.

President Trump and his Iranian counterpart will offer duelling addresses to the United Nations today after threats of new U.S. sanctions and a claim from the Supreme Leader that American allies funded an attack on a Revolutionary Guard parade on Saturday.

Under the accord, most worldwide sanctions against Tehran were lifted in 2016 in exchange for Iran curbing its nuclear program.

However, Iran is rejecting calls to give up its missiles despite strong pressure from the U.S.in the form of sanctions.

"In practical terms this will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world", she said. In July, Trump said he would be willing to meet Iran's leader without preconditions to discuss how to improve ties. Economic pressure would not force Tehran to the negotiating table, Rouhani said.

Tensions have ramped up between Iran and the United States after Trump withdrew from a landmark multilateral nuclear deal in May and reimposed sanctions on the Islamic Republic last month.

The value of Iran's currency, the rial, has been damaged by the new United States policy.

On Thursday, Trump called on OPEC to lower prices, after benchmark Brent oil reached $80 a barrel, mainly stemming from a decline in exports from Iran, because of fresh US sanctions.

Rouhani has sought to reassure Iranians, many deeply frustrated by high unemployment and low living standards, that Iran's oil-reliant economy could withstand the US pressure. "America will suffer the same fate as Saddam Hussein", he said, according to Reuters. "And we expect to go on exporting", Hossein Kazempour Ardebili said after the meeting of the Joint Ministerial Monitoring Committee (JMMC) of members from the Organization of the Petroleum Exporting Countries (OPEC) non-cartel oil producers.

"Rouhani's political career is in danger if he talks to Trump because then the multinational nuclear deal will be out of the picture and Rouhani will lose the support of his European allies for ignoring them", said a senior Iranian official from Tehran.