Iraq stops trading with Iran in dollar due to sanctions

US President Donald Trump and first lady Melania Trump walk stepping off Air Force One as they arrive at London's Stansted Airport last month

US President Donald Trump and first lady Melania Trump walk stepping off Air Force One as they arrive at London's Stansted Airport last month

Iran has cancelled a visit by Iraq's prime minister after he said that while he was opposed to renewed U.S. sanctions on Tehran he had no choice but to abide by them, an Iraqi official said.

Abadi will still go ahead with a planned visit to Turkey on Tuesday but has scrapped the Iran leg of the trip "because of his busy schedule", his office said.

The official said that economic issues in addition to political developments in the region would be primarily discussed during the meetings in Turkey and Iran.

In a joint statement last week, Britain, France and Germany said the Iran deal was "working and delivering on its goal" and said they "deeply regret" the reimposition of U.S. sanctions. Shortly after the sanctions snapped back into place last week, Trump warned in a tweet that countries doing business with Iran would "NOT be doing business with the United States".

Iraq has also established close relations with the United States in the subsequent years, especially in the fight against Al-Qaeda and IS.

Despite opposition from European allies, US President Trump in May pulled the United States out of a deal between world powers and Tehran under which global sanctions were lifted in return for curbs on Iran's nuclear program.

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The US will also sanction companies in third countries, such as Morocco, from trading both with Iran and the US.

Johnson said the Tehran regime had used the flow of money coming in to the country since the easing of sanctions not to improve the lives of ordinary Iranians but to beef up spending on the military and networks of proxy forces and terrorists. "We don't sympathize with the sanctions, we don't think they are appropriate, and we don't interact with them, but we are committed to protect our people".

"Can I, the prime minister of Iraq, endanger the interests of Iraqis just to take a stand?" he said.

Iraq is the second-largest purchaser of Iranian non-oil exports, buying some $6 billion worth of goods from its eastern neighbor in 2017.

Trump's decision in May to withdraw from the 2015 nuclear deal, signed by his predecessor Barack Obama, in which Tehran agreed to nuclear curbs in return for sanctions relief, paved the way for the restoration of unilateral American economic penalties on Iran.

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