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Iran sanctions: U.S. can't stop our oil exports, says minister

09 August 2018

He has said the deal "failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb" and did not address Tehran's "malign activities, including its ballistic missile programme and its support for terrorism".

Tuesday's sanctions target Iran's purchases of USA dollars, metals trading, coal, industrial software and the auto sector.

Tuesday evening on his nationally syndicated radio show, LevinTV host Mark Levin interviewed national security adviser John Bolton about the Trump administration's decision to impose further sanctions on the terrorist regime that rules Iran.

Trump tweeted on Tuesday: "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level".

"NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE", Trump wrote.

"But now, all the countries in the world are supporting Iran".

The first round of USA sanctions reinstated against Iran this week makes clear to the Islamic Republic the Trump administration's willingness to financially squeeze the regime until it curbs its destabilizing behavior, according to regional experts.

Donald Trump brought back the punishing sanctions after unilaterally pulling out of a landmark 2015 deal between Tehran and Western powers to halt Iran's nuclear ambitions.

The Turkish minister described the United States sanctions as "unilateral".

European countries have also vowed to protect the nuclear deal by continuing to trade with Iran.

Media captionUS-Iran sanctions: What do they mean?

Among large European companies that have suspended plans to invest in Iran are France's oil major Total and its big carmakers, PSA and Renault.

Turkey's Energy Minister Fatih Donmez also said that his country would continue to buy natural gas from Iran.

Iranian Foreign Minister Mohammad Javad Zarif branded as doomed to fail the United States attempt of stopping Tehran from exporting oil.

US officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to force Tehran to halt its nuclear and missile programs and involvement in regional conflicts in Syria and Iraq.

The renewed USA sanctions go into effect as protests escalate against Iran's hardline ruling party over its vast military spending, which has crippled an already weak Iranian economy.

The new USA sanctions, imposed on Tuesday, target Iran's access to dollars and its ability to trade in gold and other precious metals.

"The Americans have assembled a war room against Iran".

However, a senior United States official said it was "not particularly concerned" by the move because many major firms had already announced they were pulling out of Iran.

Iran sanctions: U.S. can't stop our oil exports, says minister