Mike Pompeo Warns Sanctions on Iran Will Be the ‘Toughest’ Ever

Down with US’ Trump effigy & dollars burned in Iran as protesters decry sanctions return

The Trump administration has reimposed all sanctions previously put on hold under the Obama-era Iran Nuclear Deal.

The rally in the capital of Tehran comes as the United States restored all sanctions that had been lifted on Iran during the era of the Iran nuclear deal.

US Trump administration's tough new sanctions on Iran took effect on Monday but eight major importers of Iranian oil were spared from immediate penalties.

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.

Iranian crude oil exports have already been reduced by over 1 million barrels a day and will continue to fall, he added.

He hammered the Iran nuclear deal on the campaign trail, and rebuffed pleas by Mrs May and other world leaders to stick to it once in power. SUBSCRIBE NOW and hit the bell to be the first in the know.

The exemptions are created to last up to 180 days.

In a press conference with Secretary of State Michael Pompeo, Mnuchin said the sanctions are Treasury's "largest single-day action ever targeting Iran".

The new sanctions will particularly hurt Iran's oil industry, a crucial source of money for its anaemic economy.

And she said Britain would stick to the nuclear deal thrashed out with Iran - which sees sanctions waived in return for a curb on the regime's development of nuclear weapons.

"Today, Iran is able to sell its oil and it will sell", Rouhani vowed Monday as the sanctions kicked in. "We are watching the Iranian regime with laser focus".

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While detailing sanctions on Iran's banking sector, the administration announced the USA will allow transactions for humanitarian purposes.

The US appears to have heeded Alamolhoda's warning as the sanctions, announced today by US secretary of state Mike Pompeo, fell short stopping oil exports from Iran entirely.

"President Trump's bold decision is the sea-change the Middle East has been waiting for", Israeli Defence Minister Avigdor Lieberman said in a statement.

"We are prepared to resist any pressure", Rouhani said.

"The United Nations and its member-states, in accordance with the charter of the United Nations and the global law, should resist against these wrongful acts and hold the United States accountable for such acts", he added.

Further sanctions will also affect the Iranian banking sector, adding to strict rules imposed on the trade of gold, metals and auto parts.

"We are in a situation of economic war, confronting a bullying power".

European leaders and representatives from Russian Federation and China defended the deal and urged Trump to allow them to continue to uphold it.

Hua says: "We regret this decision by the U.S". They will also affect non-Iranian companies that deal with sanctioned Iranian firms and officials. "Right now they just want to survive".

When questioned about whether the European Union or other nations or jurisdictions would receive waivers (or SREs, "significant reduction exemptions"), he answered "T$3 he EU will not be receiving an SRE".

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