A ship in Iran that appears to be carrying oil to Japan January 2016/ KYODO

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has said Japan has once again started importing oil from Iran.

Iran Press/Iran news: "After China, India and Turkey, Japan also started importing oil from Iran," Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said.

According to an Iran Press report, Hemmati added: "Gradually, Iran's revenues from exporting oil and also its active resources and investments including billions of dollars in foreign banks will come into the trade cycle." 

"Iran's resources in foreign banks are a great guarantor of Iran's trade with other countries. Gradually, Iran's non-oil exports will join to the rates of whole export by the country with the cooperation between Tehran and the importers," Governor of the Central Bank of Iran added.

Hemmati added: "As we said before to the dear Iranian people, our currency reserves stand at a good level, and we can fully meet the expectations and actual currency needs of the people. There are several entities inside and outside Iran which try to send a negative signal in order to adversely affect the market."

On May 2018, the US President Donald Trump withdrew from 2015 multilateral nuclear agreementJoint Comprehensive Plan of Action (JCPOA), and re-imposed the sanctions that had been lifted under the accord.

Washington reinstated a series of unilateral sanctions against Iran in early August and re-impose a second batch in November which as Trump said the goal was bring Iranian oil export to zero.

According to experts the US can't completely remove Iran oil exports from the market because the loss of Iran supply would result in a politically unpalatable increase in oil prices. 101/ 211 /201

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