Iran to Give Up Some 'Voluntary Commitments' to Nuclear Agreement

"If the five countries came to the negotiating table and we reached an agreement, and if they could protect our interests in the oil and banking sectors, we will go back to square one (and will resume our commitments)", Rouhani said.

According to the decision of the Supreme National Security Council, Iran will no longer commit to the restrictions put on storage of enriched uranium and heavy water under the agreement.

Tehran has lost patience with Europe's efforts to create a new viable financial mechanism that would allow European firms to continue trading items such as medicines and humanitarian goods with Iran and circumvent USA secondary sanctions. They concern the suspension of sales of enriched uranium and heavy water that Iran has to other countries for 60 days, under Sections 26 and 36 of the deal, according to Press TV.

"The United States is not seeking war with the Iranian regime, but we are fully prepared to respond to any attack, whether by proxy, the Islamic Revolutionary Guard Corps, or regular Iranian forces", Bolton said in a statement, days after the USA sanction waivers for all Iranian oil buyers expired.

"We don't want that and we hope that the Iranians will not make this decision".

Rouhani is reportedly set to announce ways the Islamic Republic will react to continued US pressure after President Donald Trump pulled America from Tehran's nuclear deal with world powers. Rouhani said Iran wanted to negotiate new terms with remaining partners in the deal, but acknowledged that the situation was dire.

The decision comes after the United States dispatched an aircraft carrier strike group to the Middle East to send a "clear and unmistakable" message to Tehran.

"This surgery is to save the [deal], not destroy it", Rouhani said. "But as we do not yet know exactly what will be in it, we are preparing for different eventualities", the official said Tuesday. He is the founder and former president of the National Iranian American Council, and an adjunct associate professor in the Center for Security Studies at Georgetown University. The previous carrier in the area, the John C Stennis, left in April to sail for home at the end of its deployment.

A statement Sunday night from USA national security adviser John Bolton said the USS Abraham Lincoln, other ships in the carrier's strike group and a bomber wing would deploy to the Mideast. He gave no details of underlying intelligence.

Natanz, in Iran's central Isfahan province, hosts the country's main uranium enrichment facility, which is located underground. He will reportedly talk about the next steps his country will take in confronting the United States.

The value of Iran's currency has since been pushed to record lows, its annual inflation rate quadrupled and foreign investment driven away. It says it aims to reduce Iranian crude exports to zero.

FILE PHOTO: A tugboat moves cargo towards the Strait of Hormuz off the coast of Musandam province, Oman, July 20, 2018.

Washington has also blacklisted Iran's Revolutionary Guards force as a terrorist organization and Iran responded with threats to close the Gulf's strait of Hormuz if its ships were blocked there.

Why is there such hostility between the U.S. and Iran?

  • Joey Payne