We will 'break sanctions proudly': Rouhani

We will 'break sanctions proudly': Rouhani

Fortunately today, the U.S. is more isolated than ever following its withdrawal from the JCPOA, said Rouhani, adding "almost all countries in the world except for a few are standing with us against the United States, and that is the victory of our diplomacy".

Tom Cotton of Arkansas, Marco Rubio of Florida and Ted Cruz of Texas - have said the new sanctions aren't tough enough and have drafted legislation that would require the Trump administration to demand that Iran be suspended from the worldwide bank transfer system.

India hopes to continue to buy about 1.25 million tonnes of oil a month until the end of the fiscal year to March 31, unchanged from November's level, a government official said. Secretary of State Mike Pompeo said that as of this week, "maximum pressure on Iran will be fully in place". He said Iran was continuing its pursuit of nuclear weapons, and that the sanctions relief gave Iran cash to carry out destabilizing activities in the Middle East.

ASSOCIATED PRESS A rally against "Uncle Sam" was held in central Tehran on Sunday ahead of re-introduced United States sanctions.

Iranian President Hassan Rouhani said Iran would to continue to sell its oil despite Washington's "economic war".

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He said: "America has launched an economic and psychological war as a last resort".

The Trump administration also designated more than 200 persons and vessels in Iran's shipping and energy sectors, including the Islamic Republic of Iran Shipping Lines, which is a maritime carrier, and oil transport giant National Iranian Tanker Company. In July 2015, global powers and Iran agreed to a deal that called for lifting crippling worldwide sanctions in exchange for Iran dismantling its nuclear program.

"The maximum pressure exerted by the United States is only going to mount from here".

National Security Advisor John Bolton said the U.S. is not going to give permanent waivers to any country and the aim of the Trump administration is to drive the Iranian oil exports to zero. "We have to stand to win." the president said.

But the country's Supreme Leader, Ayatollah Ali Khamenei, is not so sure. These are not permanent waivers, no way.

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In all, eight countries will receive temporary waivers to allow them to continue importing Iranian oil after the penalties take effect.

"Iran is a much different country than it was when I took office", said Trump, adding: "They wanted to take over the whole Middle East".

The US said the sanctions were not aimed at toppling the Government, but persuading it to radically change its policies, including its support for regional militant groups and its development of long-range ballistic missiles.

U.S. allies in Europe, which backed the 2015 agreement under which Iran agreed to curb its nuclear program in return for the lifting of sanctions, oppose Mr Trump's move.

"Iran, right now, is in the escape and evasion mode". The SPV will be a European-owned, Luxemburg-based financial clearinghouse, that enables payments to and from Iran while bypassing US-connected companies. "The rial, the currency's declined about 70 per cent since the sanctions, inflation has quadrupled, the country is in recession", he said.

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Saudi Arabia is the only country with the capacity to make up for lost Iranian oil production. Congressman Ted Poe praised Trump for the new sanctions.

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