Iran Warns Europe Not to Force 'Strategic Leap' on Missile Range

Iran Warns Europe Not to Force 'Strategic Leap' on Missile Range

Iran Warns Europe Not to Force 'Strategic Leap' on Missile Range

According to Iranian Defense Minister Brigadier General Amir Hatami, who spoke at the ceremony, "The range of Hoveizeh missile is over 840 miles and it is good for targeting ground targets".

Iran had overcome initial problems in producing jet engines for cruise missiles and could now manufacture a full range of the weapons, according to Amirali Hajizadeh, head of the Revolutionary Guard's aerospace division.

Iran has voluntarily limited the range of its missiles to 2,000 kilometres, but this is still sufficient to reach Israel and Western bases in the Middle East.

The launch was broadcast on state television in a 37-second clip which showed the missile from different angles.

Britain, France and Germany last week launched a system to facilitate non-dollar trade with Iran and avoid US sanctions, although Iran's top judge said the system's conditions were unacceptable.

Since agreeing to a 2015 nuclear deal with world powers, Iran has expanded its missile programme despite warnings from the United States.

The EU also wants Iran to end its ballistic missiles tests in order to enable INSTEX, Larijani said.

304k Jobs Added to U.S. Economy in January
While employment grew, hourly wages dipped lower than usual with a 0.1% increase, less than the predicted 0.3% estimate. With these revisions, employment gains in November and December combined were 70,000 less than previously reported.

Red Cross talks to US about risks of sending Venezuela aid
The European Parliament has called on the EU's member states to recognize Guaido as interim president. All, without exception, have said they are coming for the oil of Venezuela.

Stock rally flags after strong U.S
Against a basket of currencies, the dollar was a fraction firmer at 95.622 thanks in part to a pullback in the euro to $1.1439. Gold prices hovered just short of nine-month highs, supported by the fall in bond yields and expectations for a softer dollar.

The resolution - which was in Iran's nuclear deal - called upon the country to not develop ballistic missiles created to deliver nuclear weapons for eight years.

He went on to say that Tehran managed to protect its nuclear program and gains while isolating Washington in the global arena. It also says its missile tests are not in violation of the resolution and denies that its missiles are capable of carrying nuclear warheads.

In January, a number of countries, including Germany and France - the signatories to the 2015 Joint Comprehensive Plan of Action, commonly known as the Iran nuclear deal - condemned Iran's satellite launches, accusing Iran of using ballistic missile technology and violating the United Nations Security Council's resolution 2231 on the agreement.

The Iranian judiciary chief said on Monday that his country would never accept the "humiliating conditions" in the EU's payment channel for trade with Iran, Tasnim news agency reported.

The SPV will operate as a clearinghouse via mirror-image financial transactions, essentially facilitating barter trade, such as the exchange of Iranian oil for medicine or food exports from Europe.

France said last month it was ready to impose further sanctions on Iran if no progress was made in talks about the missiles, described by Tehran as defensive but seen in the West as a destabilising factor in a volatile region. Prior to the announcement of INSTEX, the Iranian hierarchy expressed doubts regarding whether European would deliver on its JCPOA [Joint Comprehensive Plan] pledges and of ease the pain caused by USA sanctions.

Related news

[an error occurred while processing the directive]