Record Iranian oil imports for India in July

Ramezan Sharif

"Along with the five ATR planes, we have imported United States made and European-made plane parts", Akhoundi said on August 5, Mehr news agency reported.

In Tehran, street demonstrators chanted "Death to the dictator", according to a social media video, which could not be independently verified.

Iranian President Hassan Rouhani has warned the U.S. against any attempt to stop Tehran's oil trade, threatening to block the strategically important Strait of Hormuz.

So far, social media reports suggest the current protests are far from the scale of the unrest seen in December and January, when at least 25 people were killed in demonstrations that spread to dozens of towns and cities.

The German finance ministry said this week, after Germany's Bild daily reported on the new Bundesbank rules, that the Iranian request is still under consideration - a process that involves Germany's financial market regulator and financial intelligence unit.

Efforts by the Trump administration to choke off Iran's oil exports are being thwarted by China, which has refused to stop buying crude in the face of reimposed U.S. sanctions, according to a Bloomberg report published Friday.

Iranian Minister of Roads and Urban Development Abbas Akhoundi said the government has imported plane parts along with five ATR turboprop airplanes landing in the country.

Turkey retaliates over U.S. sanctions
After reports that the USA would sanction individuals over the case, the lira hit a record low of 5.01 against the dollar, before rallying slightly to 4.9.

China - the world's top crude buyer and Iran's No. 1 customer - has said previously that it opposed unilateral sanctions and lifted monthly oil imports from the country by 26 percent in July.

Their arrival means Iran Air has received 13 of the 20 it ordered from the French-Italian manufacturer in April 2017.

The matter is awkward for Germany because the government is also committed to keeping alive the 2015 deal it, along with the United States and other world powers, signed with Iran which provides incentives in exchange for Tehran not pursuing a nuclear weapon.

The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline.

The rallies were small but highlighted widespread discontent with the collapse of the rial, which has lost two thirds of its value against the dollar in a year.

It is not yet clear how all this will affect Iranian citizens, but a western diplomat in Tehran who monitors the economy said prices of basic foods were already creeping up.

"There is a massive loss of confidence in the financial system and the government's ability to control things and withstand sanctions", she said.

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