Anger, fear and defiance in Iran as U.S. sanctions return

Anger, fear and defiance in Iran as U.S. sanctions return

Iran is also taking solace in the fact that most of the world strongly opposes Trump's policy, with China, India and Turkey all saying they are unwilling to substantially cut purchases from Iran when the U.S. reimposes sanctions on the energy sector on November 5.

The sanctions went back into effect early on Tuesday and target financial transactions that involve United States dollars, Iran's automotive sector, the purchase of commercial planes and metals including gold.

"They want to launch psychological warfare against the Iranian nation and create divisions among the people", he said in a televised interview.

The EU said it is simultaneously implementing a "blocking statute" as the new sanctions take effect, stopping European companies from complying with the US sanctions unless they have permission to do so.

Those sanctions will have a greater effect now than when they were imposed before the nuclear deal, he said, because "unlike a decade ago, banks and businesses have significantly grown their compliance sectors and are more tired of American secondary sanctions and the risks of doing businesses with Iran". "I am asking for WORLD PEACE, nothing less". Its currency the rial has lost nearly two-thirds of its value in six months.

But a second tranche coming into effect on November 5 covering Iran's vital oil sector, could be far more damaging - even if several key customers such as China, India and Turkey have refused to significantly cut their purchases.

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"I remain open to reaching a more comprehensive deal that addresses the full range of the regime's malign activities, including its ballistic missile program and its support for terrorism", Trump said in a statement.

He blasted the agreement yet again yesterday, calling it a "horrible, one-sided deal (that) failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb".

They said that Americans stand with the Iranian people in their demands in recent protests, mainly against how the Iranian regime is taking money from the country to fund militias and wars overseas.

President Trump said on Monday the USA was "fully committed to enforcing all of our sanctions" and would aim "to ensure complete compliance".

Most Iranians see USA hostility as a basic fact of life, so their frustration is largely directed at their own leaders for not handling the situation better.

"Consistent with President Trump's decision, the administration will be reimposing specified sanctions after August 6, the final day of the 90-day wind-down period", the White House said.

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That was a reference, widely heard in Iran these days, to the famous phrase used by Iran's revolutionary leader Ruhollah Khomeini who said signing a truce to end the brutal eight-year war with Iraq in 1988 was like drinking "a cup of poison".

That means European firms have a serious balancing act for braving USA penalties in order to do business with Iran.

Mr. Erdan was speaking after European Union foreign policy chief Federica Mogherini said the bloc is actively encouraging enterprises to increase their business with Iran.

"We are always in favour of diplomacy and talks... but talks need honesty".

The new United States sanctions will likely slash oil supply.

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