US drops the sanctions hammer on Iran ... again

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The move by the White House re-imposes USA 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.

This year, people have taken part in the rallies ever more enthusiastically to condemn Washington's anti-Iran policies as the United States government has chose to re-impose what it calls crippling sanctions on Tehran on November 5.

Rouhani then noted another victory for Iran, in which the U.S. was forced to agree to let eight countries, including Japan, India and South Korea, keep buying Iranian oil after the re-imposition of sanctions on November 5, even though Trump had previously vowed to cut Iran's oil sales to zero.

High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, along with German Minister of Foreign Affairs Heiko Maas, Swedish Ministry for Foreign Affairs Margot Wallström and Danish Foreign Affairs Ministe Anders Samuelsen held a conference call with Iranian Foreign Minister Mohammad Javad Zarif Saturday, to discuss the blowback to the European Union as a result of the reimposition of US sanctions. The rollback ends U.S. participation in the Obama-era accord, which now hangs in the balance as Iran no longer enjoys the billions of dollars in sanctions relief it was granted under the deal in exchange for curbs on its nuclear program.

"The authorities are in direct contact with the competent authorities of the United States, the European Union and Iran", the State Secretariat for Economic Affairs (SECO) said. "We will ultimately move Iran to zero crude oil. But America's plots and its plans for sanctions will be defeated through continued resistance", he said. "President Trump, you've done it again!" He also said the reimposed United States sanctions were part of a psychological war launched by Washington against Tehran, adding that "America's economic pressure on Iran is futile". Iran is the world's No. 3 oil exporter.

The European Union has established a mechanism to permit its multinational companies to maintain presences in Iran, but all signs are that the U.S. sanctions will be dissuasive.

"We are in the war situation", Rouhani said.

First, keep in mind that in addition to these countries, Russian Federation is thumbing its nose at the USA pressure campaign and is assisting Iran in a variety of ways economically. "Iran is a much different country since I terminated that deal".

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And Washington has now reimposed all the sanctions which were suspended in 2015 - hitting crucial parts of Iran's economy including its lucrative oil industry.

China, India, South Korea, Japan and Turkey - all top importers of Iranian oil - are among eight countries expected to be given temporary exemptions from the sanctions to ensure crude oil prices are not destabilised.

"We are in the economic war situation", he said. Similarly, Secretary Mnuchin said a list of banks subject to the new sanctions would also be provided on Monday.

Iranian officials, meanwhile, reported a cyberattack targeting the country's communication infrastructure, blaming the purported attack on Israel.

"Watch what we do" on China and Russia, Mr. Pompeo said during an interview on Fox News Sunday.

Supreme Leader Ayatollah Ali Khamenei also said Iran's arch-adversary the United States had failed to reassert its domination over Iran since the country's 1979 Islamic Revolution that toppled the US-backed Shah.

The US expects to have reduced Iranian oil exports by more than 1 million barrels even before Monday's tranche of economic penalties, which the US has long warned were incoming.

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