Rouhani to address Iranians on economy, foreign policy on eve of sanctions

Rouhani to address Iranians on economy, foreign policy on eve of sanctions
The Iranian president will address foreign policy and the economy as well as respond to US President Donald Trump.
2 min read
06 August, 2018
President Hassan Rouhani will address Iranians before sanctions come into effect [Getty]
Iran President Hassan Rouhani is to make a major speech Monday night to Iranians ahead of US sanctions that come into effect on Tuesday.

Responding to the first wave of restrictions on trade, imposed after Washington withdrew from the 2015 nuclear deal, Rouhani will address foreign policy and the economy, the president's deputy chief of staff for communication Parviz Esmaeli tweeted.

The speech will also respond to President Donald Trump, domestic currency, rising prices and the economy.

Despite Tehran's European allies, China and Russia vowing to stand by the hard-won deal which lifted sanctions in return for Iran curbing its nuclear programme, Washington has warned other countries to end trade and investment in Tehran and stop buying its oil by November or face punitive measures.

Tensions have mounted at home with Iranians frustrated over the economic conditions and soaring inflation in the country with the collapsing rial - losing half its value since April.

Sporadic protests have been simmering since last Monday ahead of the reimposition of sanctions on 7 August.

The conservative Fars news agency acknowledged protests have taken place in "five or six cities" since 31 July over water shortages, rising prices and joblessness, with "about 1,000 or 2,000 people" taking part.

Trump said last week in a tweet that he was prepared to meet the Iranian leader "without preconditions". The Jerusalem Post on Monday quoted a senior diplomatic source suggesting the pair could meet on the sidelines of the UN General Assembly the leaders are due to attend in New York next month.

Agencies contributed to this report.

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