USA unleashes "toughest ever" sanctions on Iran

Mae Love
November 5, 2018

Meanwhile, Iranian president, Hassan Rouhani, has responded robustly, saying: "There is no doubt that the United States will not achieve success with this new plot against Iran as they are retreating step by step".

The Iranian president said: "America wanted to cut to zero Iran's oil sales. but we will continue to sell our oil.to break sanctions".

This year´s 39th anniversary fell just hours before Washington was set to reimpose sanctions - including an oil embargo - following its withdrawal from the 2015 nuclear deal earlier this year.

Pompeo emphasized how increased US sanctions on Iran leading up to today's announcement had ensured "that Iran is not able to increase its revenue from oil as its exports plummet", while keeping prices stable for the American consumer.

On Friday (November 2), the Trump administration announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored from November 5th.

He said: "I announce that we will proudly bypass your illegal, unjust sanctions because it's against global regulations". They are the strongest sanctions we've ever imposed.

Mr Pompeo said more than 100 big worldwide companies had withdrawn from Iran because of the looming sanctions.

Secretary of State Mike Pompeo said the sanctions are "aimed at fundamentally altering the behavior of the Islamic Republic of Iran".

Thousands of other protesters pressed around the compound, responding to a call by the country's new leader, Ayatollah Khomeini, to attack U.S. and Israeli interests.

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He also said the reimposed US sanctions were part of a psychological war launched by Washington against Tehran, adding that "America's economic pressure on Iran is futile".

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

Rouhani said four countries had approached him during his visit to NY for the UN General Assembly in September, offering to mediate with the United States but he turned them down.

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

The reimposition of the sanctions comes as the United States is focused on US congressional and gubernatorial elections on Tuesday.

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

Britain, France, Germany and the European Union strongly condemned the latest actions from Washington in a joint statement, and have vowed to preserve the nuclear deal, known formally as the Joint Comprehensive Plan of Action (JCPOA).

Iranian state media said millions turned out for rallies in most cities and towns around the country, swearing allegiance to the clerical establishment and its hardline authority, Supreme Leader Ayatollah Ali Khamenei. Its national currency has plummeted over the a year ago amid an economic crisis.

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