United States unleashes 'toughest ever' sanctions on Iran

United States unleashes 'toughest ever' sanctions on Iran

Israel has been a fierce opponent of the 2015 Iran nuclear deal from which the USA withdrew this year, saying the deal didn't rein in Iran's regional military activities.

China says it regrets the USA decision to re-impose sanctions on Iran but will continue to uphold the nuclear deal Beijing agreed to as a permanent member of the United Nations Security Council.

The United States has made a decision to issue temporary allotments to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey to continue importing Iranian oil, due to the specific countries' circumstances and to ensure a well-supplied oil market, U.S. Secretary of State Mike Pompeo said on Monday, the day on which U.S. sanctions on Iranian oil return.

The countries allowed to keep buying oil from Iran temporarily under the sanctions include China's two biggest oil customers, China and India, Pompeo announced.

This has reduced purchases by more than 1 million barrels per day and has cost Iran $2.5 billion in oil revenue since May, he said. The others had sanctions that were lifted as part of a nuclear deal world powers struck with Iran reimposed.

The sanctions end all USA economic benefits America granted to Tehran for its 2015 nuclear deal with world powers and in particular target Iran's vital oil industry. SUBSCRIBE NOW and hit the bell to be the first in the know.

Salami made the remarks on a day when the authorities in Iran organize anti-U.S. gatherings nationwide, unleashing slogans to mark the 1979 seizure of the US embassy in Tehran.

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin are due to provide more details about the sanctions at a morning news conference. This round specifically targets over 700 Iranian entities and assets including: 50 Iranian banks, Iran Air, as well as numerous people and vessels in the country's shipping sector.

Iran's United Nations ambassador Gholamali Khoshroo said the United Nations should hold the U.S. accountable for re-imposing the sanctions.

Alamolhoda, an influential figure on the government's Assembly of Experts, told his followers that Iran would launch a missile attack against "all Persian Gulf countries" in the event its oil markets are curtailed. That compromise aside, the Swift move is a victory for Iran hawks in the US administration, such as National Security Adviser John Bolton, who feared the creation of a sanctions loophole.

However, Iran's clerical rulers have dismissed concerns about the impact of sanctions on the economy.

Mr Rouhani, meanwhile, pledged to government officials in comments aired on state television that Iran would overcome the sanctions.

News President Hassan Rouhani seen here chairing a cabinet meeting on Monday as USA sanctions are re-introduced. "We are in the economic war situation".

"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".

An effigy of Uncle Sam and pictures of Donald Trump were also torched.

Asked about the eight exempted countries, White House press secretary Sarah Huckabee Sanders said the US was exerting intense pressure on Iran.

Britain said on Monday it regretted the decision to reimpose sanctions on Iran.

"US bullying is backfiring". The other parties to the deal - Britain, France, Germany, China and Russian Federation - say they will not leave.

News of the waivers initially helped lower oil prices early on Monday, since they allow major buyers to import Iran's oil for a while.

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.

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