financetom
Economy
financetom
/
Economy
/
Iran dismisses possibility of conflict, says does not want war
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Iran dismisses possibility of conflict, says does not want war
May 18, 2019 11:57 AM

Iran's top diplomat on Saturday dismissed the possibility of war erupting in the region, saying Tehran did not want a conflict and that no country had the "illusion it can confront Iran", the state news agency IRNA reported.

Share Market Live

NSE

Tensions between Washington and Tehran have increased in recent days, raising concerns about a potential US-Iran conflict. Earlier this week the United States pulled some diplomatic staff from its Baghdad embassy following attacks on oil tankers in the Gulf.

"There will be no war because neither do we want a war, nor has anyone the idea or illusion it can confront Iran in the region," Foreign Minister Mohammad Javad Zarif told IRNA before ending a visit to Beijing.

President Donald Trump has bolstered economic sanctions and built up US military presence in the region, accusing Iran of threats to US troops and interests. Tehran has described those steps as "psychological warfare" and a "political game".

"The fact is that Trump has officially said and reiterated again that he does not want a war, but people around him are pushing for war on the pretext that they want to make America stronger against Iran," Zarif said.

He told Reuters last month that Trump could be lured into conflict by the likes of US national security adviser John Bolton, an ardent Iran hawk.

REGIONAL TENSIONS

In a sign of the heightened tension across the region, Exxon Mobil evacuated foreign staff from an oilfield in neighboring Iraq after days of sabre rattling between Washington and Tehran.

Elsewhere in the Gulf, Bahrain warned its citizens against traveling to Iraq or Iran due to "unstable conditions."

In Washington, officials urged US commercial airliners flying over the waters of the Gulf and the Gulf of Oman to exercise caution.

A Norwegian insurers' report seen by Reuters said Iran's elite Revolutionary Guards were "highly likely" to have facilitated the attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates.

In Tehran, the commander of the Revolutionary Guards named a new head of the force's intelligence unit on Saturday, the Fars news agency reported.

Iranian officials have denied involvement in the tanker attacks, saying Tehran's enemies carried them out to lay the groundwork for war against Iran.

US officials, however, are concerned that Tehran may have passed naval combat expertise onto proxy forces in the region.

Following the re-imposition of US sanctions, a senior Iranian maritime official said Iran had adopted new tactics and new destinations in shipping its oil exports.

Iranian crude oil exports have fallen in May to 500,000 barrels per day or lower, according to tanker data and industry sources, after the United States tightened the screws on Iran's main source of income.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US banks look for new bill of health from Fed stress tests
US banks look for new bill of health from Fed stress tests
Jun 24, 2026
WASHINGTON, June 24 (Reuters) - Financial markets will gain a fresh glimpse into the overall health of the largest U.S. banks on Wednesday when the Federal Reserve releases the results of its latest stress test. The results will reflect the health of 32 banks, including JPMorgan and Bank of America, but will likely be less dramatic than in prior years. The Fed...
Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports
Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports
Jun 23, 2026
June 23 (Reuters) - The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank, CNBC reported on Tuesday, citing two unnamed people familiar with the matter. The extent of any changes to the process or the candidates under consideration is not...
Bessent says US supply chains must be able to withstand shocks, coercion
Bessent says US supply chains must be able to withstand shocks, coercion
Jun 23, 2026
June 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that the Trump administration aimed to build enough supply chain capacity to allow critical industries to withstand economic shocks, pandemics, wars, coercion from adversaries and other foreign chokepoints. Bessent told the Economic Club of New York that supply chain resilience does not require every component to be domestic...
June Mid-Atlantic Manufacturing Activity Eases More Than Expected
June Mid-Atlantic Manufacturing Activity Eases More Than Expected
Jun 23, 2026
01:29 PM EDT, 06/23/2026 (MT Newswires) -- Manufacturing activity in the US Mid-Atlantic region fell more than projected in June, with shipments, new orders and employment all weakening sequentially, data from the Federal Reserve Bank of Richmond showed Tuesday. The composite manufacturing index decreased to 4 this month from 13 in May. The consensus was for a smaller drop to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved