Iran’s Rouhani: Iran will not give in to pressure from Trump

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"If U.S allies cut to zero and India and China also reduce imports, the oil market could lose up to 1.5 MMbpd of Iranian oil - this is far, far greater than anyone was expecting only a week ago", said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.in London.

Khamenei said an "atmosphere of security" must be reinstated and that judiciary officials "must confront those who disrupt economic security".

The protests by the merchants, known as bazaaris in Iran, began in Tehran's Grand Bazaar on June 25, 2018, and turned into a mass socioeconomic and political rally outside the Parliament building where police fired tear gas at crowds chanting anti-state slogans.

Washington has sought to emphasize that the protests are part of rising economic discontent in Iran hoping it will force the government to negotiate a new nuclear deal to avoid sanctions.

After US President Donald Trump made a decision to withdraw from world powers' deal with Iran on its nuclear program, some US sanctions are to be reimposed in August and some in November. On Monday traders massed outside parliament to complain about the plunge to record lows of Iran's currency. The rial traded at 78,500 against the dollar in the unofficial market on Wednesday, according to foreign exchange website Bonbast.com.

Senior State Department and Treasury officials are pressing allies in Europe, Asia and the Middle East to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a follow-up agreement to halt its nuclear programs.

The head of Iran's Chamber of Guilds, Ali Fazeli, later was quoted by Tasnim as saying the situation at the bazaar is calm. "And the judiciary must confront those who disrupt economic security".

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In Tehran on Sunday and Monday, protesters shut down several shops in Tehran's Grand Bazaar. India is the second largest buyer of Iranian oil after China.

Guterres supported the nuclear deal, which was criticized by the U.S.

AFP further reports that the senior U.S. anonymous official has admitted that this would be unpopular. This compares to around 43,000 at the end of a year ago.

Oil prices jumped on Wednesday as plunging USA crude stockpiles compounded supply concerns due to uncertainty over Libyan exports, a production disruption in Canada, and us demands that importers stop buying Iranian crude from November.

He also urged for "honest talks" between the two nations, which Ahmadinejad said would be of interest to both. Oil prices in the USA increased more than 3.5 percent as the news hit the market.

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