Iran bans imports of all products from Saudi Arabia

January 08 01:48 2016

Tehran said Saudi warplanes had attacked its embassy in the Yemeni capital Sanaa, damaging the building and injuring its staff.

Iran’s state-run news agency earlier said a Saudi-led airstrike last night hit the embassy, citing the country’s Foreign Ministry.

The deputy head of Iran’s powerful Revolutionary Guards (IRGC) told Saudi Arabia on Thursday it would “collapse” in coming years if it kept pursuing what he called its sectarian policies in the region.

A coalition led by Saudi Arabia and its Sunni Muslim allies has been fighting the Shia Houthi movement, which controls the capital.

Iranian state media even said embassy staff have been wounded in the strike, while Sanaa residents said that a bomb fell nearly 800 yards from the embassy and that only some stones and shrapnel fell into the embassy’s yard, Reuters reported.

Somalia says it has cut diplomatic ties with Iran amid ongoing tensions between the Islamic Republic and Saudi Arabia.

Iranians outraged by the Shiite cleric’s execution stormed Saudi Arabia’s embassy in Tehran on Saturday, prompting Riyadh to sever diplomatic ties with Iran the next day.

Instead, the tensions – fuelled by Saudi Arabia’s recent execution of Shia cleric Sheikh Nimr al-Nimr – have curbed speculation that OPEC members will agree to production cuts to boost prices. “Saudi Arabia has moved against our efforts and, unfortunately, they opposed the nuclear agreement”.

Bahrain, Sudan, and the United Arab Emirates also distanced themselves from Iran.

The statement also condemned remarks that directly accused President Erdogan, and said the publications aimed to create a negative image of him in the eyes of Iranian people.

Ibrahim al-Jaafari was speaking on Wednesday in a joint press conference with Iranian Foreign Minister Mohammad Javad Zarif, who appeared to indicate that Tehran was open to resolving the stand-off.

The Saudi-led coalition spokesman Brigadier General Ahmed Asseri said the accusations would be investigated and explained that the coalition had conducted heavy airstrikes against Houthi militants’ missile launchers.

Iranian state television made the announcement on Thursday.

On Tuesday, Iran’s President Hassan Rouhani accused Saudi Arabia of focusing attention on the incident to “cover its crime” of executing Nimr.

Iran’s embargo on imports from Saudi Arabia will reportedly affect goods worth about $40 million (36.7 million euros).

The price of oil has plummeted to its lowest price for 11 years

Iran bans imports of all products from Saudi Arabia
 
 
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