Iran announces successful test of long-range cruise missile

Representational image

Representational image

Some source also reported that new cruise missile has a range of over 1,350 kilometers and will be used against fixed ground targets.

"The test of the Hoveizeh cruise missile was carried out successfully at a range of 1,200 kilometers and accurately hit the set target", Defence Minister Amir Hatami said, quoted on state television which broadcast footage of its launch.

But the statement said the European Council was "gravely concerned" by Iran's efforts to "increase the range and precision of its missiles, together with increasing the number of tests and operational launches".

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.

With the launch of what is being called the Instrument In Support Of Trade Exchanges (INSTEX) the European Union has taken a step towards protecting some of its business assets in Iran while also keeping the now-threatened nuclear deal alive long enough to buy time for a new agreement to be reached.

Iran carried out a failed attempt to launch a satellite into space on January 15, defying a warning from Trump. The launch followed a USA warning to Iran against undertaking three planned rocket launches that Washington said would violate a United Nations Security Council resolution.

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But Tehran denies seeking any nuclear weapons capability, and insists that its missile development programme is "purely defensive" and compliant with the resolution.

Iran, which agreed to a 2015 deal with world powers to curb its nuclear programme, has continued to develop missiles despite warnings from the United States.

However, the EU expressed concern about Iran's expansion of its missile programme, particularly its ballistic missile tests, which have been carried out in defiance of opposition from the U.S. and other European countries. United States authorities are unaware of the many other businesses that are in contact with Iran, he added.

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. On withdrawal, the USA also re-imposed its so-called primary sanctions against Iran and secondary sanctions against countries that continue to do business with it.

While Washington has embarked on re-imposing sanctions on Iran, the latter has vehemently refused to renegotiate anything or bring the missile program into the nuclear deal in any fashion.

"If Europe or anyone else tries to pursue the plot aimed at Iran's disarmament, we will be forced to make a strategic leap".

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