Washington imposed sanctions against Iran on Monday, restoring measures lifted under a 2015 nuclear deal negotiated by the administration of former US president Barack Obama, and adding 300 new designations including Iran's oil, shipping, insurance and banking sectors.
The president in May pulled out of the Iran nuclear deal made by the Obama administration.
US President Donald Trump announced his decision to withdraw from the Iranian nuclear deal in May, along with the plans to reimpose its sanctions against Iran that had been lifted under the agreement.
Rouhani's vow to keep exporting oil came as the Trump Administration snapped back sanctions on more than 700 individuals and companies that received sanctions relief when a landmark 2015 nuclear deal took effect. SUBSCRIBE NOW and hit the bell to be the first in the know. The U.S. should expect some retaliation, perhaps with terror proxies.
The United States is re-imposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran.
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The official Xinhua News Agency said Friday 13 bodies had been retrieved from the river and two others were still missing. Chongqing police say the female passenger was hitting the driver because she was upset after missing her stop.
The new American sanctions particularly hurt Iran's vital oil industry, a crucial source of hard currency for its anaemic economy.
They have promised to support European firms that do "legitimate business" with Iran and have set up an alternative payment mechanism - or Special Purpose Vehicle (SPV) - that will help companies trade without facing U.S. penalties.
Alamolhoda, an influential figure on the government's Assembly of Experts, told his followers that Iran would launch a missile attack against "all Persian Gulf countries" in the event its oil markets are curtailed.
Secondary sanctions also mean that any USA company doing business with a company that trades with Iran could face punishment.
Senior Iranian officials have dismissed concerns about the impact to its economy.
While detailing sanctions on Iran's banking sector, the administration announced the US will allow transactions for humanitarian purposes.
France, Germany, UK, EU condemn United States move reinstating all Iran sanctions
Iranian oil exports have already dropped by about 800,000 barrels per day from their peak. United States of America sanctions on Iran will come in effect on November 5.
"I announce that we will proudly bypass your illegal, unjust sanctions because it's against worldwide regulations", Mr Rouhani said in a televised speech. "The countries will proactively push their imports down, and they will not be paying for what they are getting in cash, preventing the flow of funds to Iranian proxies in the Middle East, including Hezbollah".
"Sanctions waivers being given to key purchasers of Iranian oil, most alarmingly China, give Iran a financial reprieve, and should be eliminated as soon as possible", Rubio said in a press release on Friday. "We are in the economic war situation". Thank you, President Trump, for this historic move.
But proponents as well as the other parties to the deal - Britain, China, France, Germany, Russia and the European Union - have vehemently defended it.
Pompeo wouldn't say if India and China are receiving waivers, or if they'd delivered commitments to stop their buying. But US bullying is backfiring, not just because JCPOA is important, but because the world can't allow Trump & Co.to destroy global order.
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FILE- In this September 21, 2018, file photo customers look at new Apple watches including the Series 4 at an Apple store in NY . We recommend prospective investors wait for a more attractive margin of safety for this narrow-moat behemoth.