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Persian Gulf Is Iran's Lifeline

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Persian Gulf Is Iran's Lifeline A joint Military Operation Performed Iran’s Ambassador to Pakistan Mehdi Honardoost Said on By Omani Marine, Air and Border Monday That His Country Was Units and Iranian Units of IRGC and Prepared to Cooperate in Any Army Navy Were Done on Muscat Efforts for Normalization of Coasts on Monday Their Relations With Saudi Arabia VOL. XXV, No. 6664 TEHRAN Price 20,000 Rials www.irannewsdaily.com WEDNESDAY, MAY 1, - ORDIBEHESHT 11, 1398 2 4 8 DOMESTIC 3 DOMESTIC INTERNATIONAL SPORTS Zarif Slams John Bolton’s Tehran to Set Up Direct Japan’s Emperor Steps Barcelona Eye Making Chronic Warmongering Internet Link With Ankara Down in 200-Year First History in Europe > SEE PAGE 2 > SEE PAGE 3 > SEE PAGE 4 > SEE PAGE 8 Iran to Keep Exporting Persian Gulf Is viewPoint Oil Despite Sanction By: Hamid Reza Naghashian..... Oil Consumption IRAN NEWS NATIONAL DESK Iran’s Lifeline TEHRAN - President Hassan Rouhani says the country To Hit a Peak by 2030 will not allow the United States to implement its Exerting pressures on six countries, who enjoy waivers decision to bring Iranian oil exports down to zero. for Iran oil imports, to cut their oil purchases from Iran Rouhani said all Iranian officials unanimously agree are in consultation stage and according to reports, legal that Washington’s decision to bring the country’s and economic experts and elites believe that this pressure petroleum sales to zero is a wrong move. and imposition would be a chance for Iran to refer the “We won’t allow this decision to go into effect,” said case to the International Court of Justice in The Hague. Rouhani in a Tuesday meeting with workers and In recent days, U.S. President Donald Trump has labourers in Tehran. increased his pressure on the OPEC members to decrease “First of all, we are faced with an unjust and illegal the oil price and it indicates that the world response to US sanction whose pressure is directly exerted on our Trump’s demand has led to a hike in oil price. dear people, especially dear workers as well as middle- On the other hand, the famous oil news wire “Oil and low-income families,” the president added. Price” in a report, by referring to the recent report of He said Washington’s decision to slap sanctions on the Center for Studies of Bank of America, has claimed Iran’s oil sales aims to reduce the country’s forex income. that the world economy would witness serious changes “A major source of our foreign currency earnings has for replacing energies since 2030. always been the sales of oil and gas condensates The Oil Price report reiterates that oil demand should together with certain industries linked to oil and continue to grow by 2030 although at a slower and slower [natural] gas production,” President Rouhani noted. rate. According to Bank of America, the annual increase He underlined Iran should also try to boost its non-oil in global oil consumption slows dramatically in the years exports to increase forex income. See Page 7 ahead, especially between years 2020 to 2030. According to statistics, b 2024, demand growth halves, falling to just 0.6m barrels per day, down from 1.2 mb/d this year. Tehran Calls on UNSC to Force With referring to this analysis, one can definitely say that in the next ten years, the demand for crude oil would not just decrease but also it would be unsanctionable due Israel Into Ending Occupation IRAN NEWS NATIONAL DESK to the huge demand in the market and the spot oil market will always fix the price. But the main driver of the TEHRAN (MNA) – Iran’s UN ambassador has TEHRAN - Iran is commemorating the National Day of the Persian Gulf. Honoring the occasion, Foreign destruction in demand in the 2030’s is the proliferation of censured the Security Council for its continued inaction Minister Mohammad Javad Zarif has highlighted the significance of the strategic body of water, describing it as electric equipment especially vehicles. Boom in using in the face of the Israeli’s territorial violations and the a “lifeline” for the country. train and electronic vehicles will lead to the fall in US unreserved support for the regime. Every year, Iranians observe the Persian Gulf Day on the 10th of Ordibehesht, the second month on the Persian demand for oil and its products. Bank of America in its Addressing an open debate in the United Nations calendar, which usually falls on April 30. report did offer a few caveats and uncertainties which can Security Council (UNSC) on Monday, Majid Takht-e The date coincides with the anniversary of a successful military campaign by Shah Abbas I of Persia in 1622, have their impacts on the oil market. The report points to Ravanchi stressed that “the Golan is and will remain an which drove the Portuguese navy out of the Strait of Hormuz, a waterway which separates the Persian Gulf from the current economic condition and probable disrupt in integral part of Syria.” the Sea of Oman. the free trade process in the world due to President Donald Trump signed a proclamation in late March in The national occasion is meant to call attention to the fact that the inland sea has been referred to by historians and Trump’s policies in the recent years as the worrying which the US recognized Israeli regime’s annexation of the ancient texts as the Persian Gulf since the Achaemenid Empire was established in what is now modern day Iran. factors for instability of the oil market. Impacts of both strategic plateau that it seized in 1967 and annexed in 1981. Honoring the national day in an Instagram post on Monday, Zarif released a video of his recent interview with factors would be significant in the decade ahead. “The Islamic Republic of Iran once again condemns, in the Asia Society last week, in which he underlined the historical identity of the Persian Gulf and clarified that Since the day Trump’s Administration took office, it has been the strongest possible terms, these internationally wrongful those who use the fictitious name the “Arabian” Gulf to refer to the sea are, in fact, attempting to “revise history.” the source of most instabilities in the world economy and it has acts,” said Takht-e Ravanchi, in reference to both the move Zarif was apparently referring to certain Arab states and their allies, which have recently mounted attempts to led to losing its credibility for dictating its policies. It seems the and Washington’s decision to relocate its embassy from Tel remove the word ‘Persian’ from the name of the gulf. impacts of Trump’s policies will not last more than one or Aviv to Jerusalem al-Quds in May 2018 after recognizing “It’s called [the] Persian Gulf and we repeat the word Persian so that people know it’s not the Gulf of Mexico. People two years and it could be completely controlled and thwarted. the occupied holy city as Israel’s ‘capital.’ just call it “the Gulf” because it’s easier, and people confuse that it may be the Gulf of Mexico that we’re talking about.” “Both acts are against the peremptory norms of The top Iranian diplomat warned the U.S. against any measure to prevent Tehran from using the Strait of international law, let alone Council’s resolutions,” he said. Hormuz as a safe passage for the transit of its oil. “According to international law, the territory of a State shall “The Persian Gulf is our lifeline … so stability of [the] Persian Gulf, freedom of navigation in the Persian Gulf, British Officials Introduce not be the object of acquisition resulting from the threat or [and] free flow of oil in the Persian Gulf [are] in our vital national security interest,” Zarif said. use of force, and no such territorial acquisition shall be “We guarantee [the security and stability of the Persian Gulf] as long as it is in our national security interest. INSTEX to UK Businessmen recognized as legal,” the official added. See Page 7 If we are prevented from using [the] Persian Gulf for our national security, then why should we guarantee it?” he added, noting, “If the United States takes the crazy measure of trying to prevent us from doing that, then it LONDON (Dispatches) - Director of the Instrument in should be prepared for the consequences.” Support of Trade Exchanges Per Fischer and the British The administration of U.S. President Donald Trump has stepped up its attempts to cut Iranian oil sales, government officials told the economic activists and LG, Samsung Deny Leaving threatening sanctions on countries that continue purchasing Iranian crude after May 1. UK companies interested in trade with Iran that from The Persian Gulf — which spans some 250,000 square kilometers — is bounded by the Arvand River in the now on they can use INSTEX. north, which forms the frontier between Iran and Iraq, and the Strait of Hormuz in the south, which links the INSTEX was adopted by foreign ministers of the Iran Over U.S. Sanctions Persian Gulf to the Sea of Oman and the Indian Ocean. European trio on the sidelines of a European Union SEOUL (Dispatches) - South Koreas Samsung The Persian Gulf is also important as an international trade route connecting the Middle East to Africa, India and China. summit in the Romanian capital Bucharest on January 1. Electronics has denied reports that it was withdrawing INSTEX has been registered at the address of from the Iranian market in the face of US sanctions, France’s Economy and Finance Ministry in Paris.
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