Iran sanctions: Rouhani defiant as USA re-imposes measures

A Saudi Arabian oil facility

"America wanted to cut to zero Iran's oil sales. but we will continue to sell our oil.to break sanctions", Rouhani said.

The move by the White House re-imposes US sanctions that were lifted as part of a 2015 multinational deal with Tehran and impose hundreds of additional sanctions created to hit Iran's key economic sectors - including oil and gas, shipping and banking.

Iran's Foreign Ministry spokesman Bahram Ghasemi also predicted the sanctions will actually work against America's interests.

"We believe we should look for mechanisms that would allow us to continue developing cooperation with our partners, with Iran", Mr. Novak said in an interview with the Financial Times. "No one's going to argue that Secretary Pompeo isn't tough on Iran and no one is going to argue that President Trump isn't doing the same".

Iran's supreme leader Ayatollah Ali Khamenei said Saturday that the biggest loser of all was the U.S.

"These sanctions have already had an enormous impact", Pompeo said, adding that Trump's policy will be "fully in place" as of Monday. "The new sanctions might prove to be costly if the Kingdom of Saudi Arabia, with spare production capacity, is unable or unwilling to put more oil in the market".

'We are in the economic war situation.

The Donald Trump administration's decision to issue waivers also marked a significant reduction from the Barack Obama administration, which issued such exemptions in 2012 to 20 countries over 3 years during last sanctions.

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Switzerland said it was holding talks with the United States and Iran about launching a humanitarian payment channel to help food and drugs keep flowing to Tehran. In addition to hundreds of Obama-era sanctions being reinstated, the measures kicking in on Monday also expand the range of targets for United States punishment.

He further stepped up the rhetoric, comparing Iran's situation in the 1980s war against Iraqi dictator Saddam Hussein with the current one and President Donald Trump's move to reinstate USA sanctions.

USA officials said the jurisdictions that had been given waivers would be identified on November 5, although they have not yet been disclosed. Trump told reporters Sunday as he left the White House for political rallies in the South that the sanctions, which include an oil embargo, are the strongest ever imposed by the United States. "We also noted that the global community is widely against unilateral sanctions", he told a daily news briefing in Beijing.

Iranian leaders and particularly IRGC officials often make threatening remarks about the USA and its allies in the region.

During the rallies, the demonstrators chanted slogans against the US and Israel and condemned US President Donald Trump's aggressive policies and stances against the Islamic Republic.

Iran has greeted the re-imposition of USA sanctions with air defense drills and an acknowledgement from President Hassan Rouhani that the nation faces a "war situation".

All of the other signatories - China, the European Union, France, Germany, Iran, Russia, and the United Kingdom - have remained in the deal despite the US action.

"Details of the sanctions will be released at a news conference scheduled for 8:30 a.m. ET with Secretary of State Mike Pompeo and".

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