Iran's Foreign Minister Mohammad Javad Zarif (2nd-L) meets with his British counterpart Jeremy Hunt (2nd-R) in the capital Tehran on November 19, 2018. / AFP / ATTA KENARE
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Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said Monday.The European Union, France, Germany, Britain, Russia and China, participants with the United States in the 2015 deal that lifted sanctions on Iran in exchange for curbs on its nuclear program, have been trying to find ways to circumvent the U.S. limitations. In particular, the EU has been trying to establish a Special Purpose Vehicle for non-dollar trade with Iran.But this has not stopped foreign businesses ranging from oil companies and trading houses to firms leaving Iran for fear of incurring U.S. penalties.British Foreign Secretary Jeremy Hunt discussed the future of the nuclear deal in meetings with Iranian authorities in Tehran Monday, Iranian state media reported.Despite technical difficulties and delays, the EU believes this formula could shield individual member states from being hit by U.S. sanctions that have been reimposed on trade with Iran after Washington's pullout from the nuclear deal.
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