Iran receives more airplanes ahead of renewed USA sanctions

A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran Iran on Saturday Jan. 6 2018. A wave of bad loans from unregulated lenders has rocked the banking sector and oil prices have aver

Beijing has, however, agreed not to ramp up purchases of Iranian crude, according to the officials, who asked not to be identified because discussions with China and other countries continue.

This is a blow to US President Donald Trump's efforts to isolate Iran after his withdrawal from a 2015 nuclear deal with the country, officially known as the Joint Comprehensive Plan of Action (JCPOA), they said.

Sporadic protests were taking place in cities in Iran for a fourth day, with demonstrators attacking a Shi'ite seminary west of Tehran, according to Iranian news agencies and social media on Saturday, as Iranians brace for a return of U.S. sanctions.

With tensions high ahead of the return of USA sanctions on Tuesday, the government of President Hassan Rouhani also faces opposition from conservatives and religious leaders, who have long disliked his outreach to the West and accuse him of governing only for the rich.

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The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline. The US also said that it would exert "maximum economic and diplomatic pressure" on other countries to stop buying crude oil from Iran.

India's imports from Iran could start to slow from August as some big Indian refiners worry that their access to the USA financial system could be cut off if they continue to import Iranian oil, prompting them to reduce oil purchases from Tehran.

Iran's Revolutionary Guards confirmed on Sunday it had held war games in the Gulf over the past several days, saying they were aimed at "confronting possible threats" by enemies, the state news state news agency IRNA reported.

Saudi Arabia, Russia, Kuwait and the UAE have increased production to help to compensate for an anticipated shortfall in Iranian crude supplies once planned United States sanctions take effect later this year.

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"Iran will survive this round of United States sanctions as it has survived them before", Rouhani said, describing them as a "crime and aggression".

"The unilateral sanctions should be abandoned because they are counterproductive", Chinese Foreign Ministry spokesperson Hua Chunying told reporters.

In January-July, India's oil imports from Iran rose by more than 17 percent to about 612,000 bpd, the data showed.

Iran's semi-official Fars news agency reports that a man taking part in a protest in the northern province of Alborz was fatally shot. "China will continue to cooperate with Iran adhering to its worldwide obligations", she added.

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Between April and July India's oil imports from Iran has risen by an annual 40% to about 677 500 bpd, the data showed.

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