US drops the sanctions hammer on Iran ... again

Iran's Khamenei claims Trump has ‘disgraced’ US prestige as renewed sanctions set to enter force

Ayatollah Ali Khamenei

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

The U.S. has officially imposed what the Trump administration describes as the "toughest ever" sanctions against Iran, meant to curb Tehran's nuclear and ballistic missile programs and contain its growing influence in the Middle East.

Oil prices dipped on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.

The new American sanctions particularly hurt Iran's vital oil industry, a crucial source of hard currency for its anemic economy.

This is true even where their governments have signaled support for Iran, as the sanctions would expose them to harm they can otherwise avoid.

Mr Pompeo said more than 100 big worldwide companies had withdrawn from Iran because of the looming sanctions.

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The US withdrawal from the nuclear deal has already had a huge effect, including the devaluing of the Iranian rial and oil exports falling by about a million barrels a day.

"The expected United States waiver for India is a good development that should allow the country to continue getting its share of oil on attractive terms from Iran".

The students believed the USA would launch a counter-coup to return deposed shah Mohammad Reza Pahlavi to power - similar to the CIA-backed coup that overthrew Iran's elected government in 1953 - unaware that the king was already critically ill with cancer.

The deal - agreed by the US, China, Russia, France, Germany and the United Kingdom - brought about the lifting of most worldwide financial and economic sanctions on Iran in return for Tehran curbing its disputed nuclear activity under UN surveillance.

The ghost of USA sanctions on Iran seems to have calmed down at least for major energy importing countries like India.

Among events held on the embassy anniversary was a cartoon exhibit called "Donald Salman" - a reference to the close ties between the US President and King Salman, ruler of Iran's arch-rival for regional predominance, Saudi Arabia.

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He said "economic warfare" was a final bid by Washington to overthrow the Islamic republic after decades of failed attempts.

They will directly affect companies from third countries doing business with Iran.

Another demonstrator Sunday, Jamshid Zarei, waved a banner in English quoting Iran's Supreme Leader Ayatollah Ali Khamenei saying: "America can't do a damn thing". According to production data, Iran was producing about 3.8 million barrels daily in 2017.

Iranian students stormed the US Embassy on November 6, 1979, shortly after the Islamic Revolution, taking 52 Americans hostage for 444 days.

In contrast, with the US-EU trade wars toned down, most large EU businesses are cooperating with US sanctions against Iran.

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