Iranian-Turkish anti-sanctions financial mechanism to be set up

Iranian president says talks possible only if Washington shows

Washington re-imposed sanctions a year ago and ratcheted them up in May, ordering all countries to halt imports of Iranian oil.

The military hardware was dispatched to the Middle East in May citing "credible threats" from Iran to which the USA did not offer evidence.

To a report released by Director General of International Atomic Energy Agency reaffirming Iran's obligations to fulfill the comprehensive agreement, he commented that the 15th consecutive report confirmed that Iran continued to fulfill the comprehensive agreement and cooperated fully with the institutions, agencies continue to monitor and verify the work carried out in an objective, neutral attitude, adding, "the Chinese side expresses high appreciation".

Tension between the US and Iran has increased sharply in the past month, after Iran chose to partially abandon the 2015 nuclear deal aimed at curbing Tehran's nuclear program.

U.S. President Donald Trump has condemned the nuclear deal, signed by his predecessor Barack Obama, as flawed for not being permanent and for not covering Iran's ballistic missile programme and role in conflicts around the Middle East.

The Trump administration has delayed new, tougher sanctions on Iran's petrochemical sector, said people familiar with the matter, as it seeks to dial back tensions that have threatened to spiral out of control.

Iranian President Hassan Rouhani on Saturday suggested that Tehran would be open to negotiations with the United States if Washington showed respect and abided by worldwide rules.

Nonetheless, on the same day, the Islamic Republic Supreme Leader, Ayatollah Ali Khamenei, "absolutely rejected" any talks between the two, let alone negotiating about the issues that involve Iran's "honor".

Trump said last Monday he was hopeful Iran would come to the negotiating table.

Khamenei, a hardline cleric in power since 1989, is Iran's ultimate authority although the elected president is in charge of day-to-day affairs.

Now, Iran's Foreign Minister Mohammad Javad Zarif has insisted that there will no talks between the two countries until the economic sanctions have been lifted.

Zarif, however, said the prospects of potential talks are "not very likely, because talking is the continuation of the process of pressure".

"This may work in a real estate market. He is imposing pressure", Zarif said.

Last month, Iran partially suspended its commitments under the 2015 deal on its nuclear programs, known as the JCPOA.

As tensions intensify between Iran and Japan's key ally the United States, Abe has reportedly proposed serving as a go-between and is said to be weighing up a state visit to Iran. Pompeo said Washington has its own "independent understanding of what is taking place there".

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