US unleashes “toughest ever” sanctions on Iran
US unleashed its "toughest ever" sanctions against Tehran on Monday, while a defiant Iranian President Hassan Rouhani vowed to continue selling its crude oil in the international market despite the measures.
"We should break the sanctions very well and we will do that," Rouhani said shortly after the anti-Iran sanctions took effect.
US President Donald Trump's administration reinstated all sanctions lifted under the 2015 nuclear deal, targeting both Iran and countries that trade with it, the BBC reported.
Tehran had struck the nuclear deal with six world powers and the EU, agreeing to curb its nuclear programme in return for the lifting of restrictions mainly on its oil sales.
Accusing Iran of stirring up regional instability and exporting violence, Washington terminated the nuclear accord on May 8 and said called it "one of the worst and most one-sided deals the US had ever entered into".
More than 700 individuals, entities, vessels and aircraft were now on the sanctions list, including major banks, oil exporters and shipping companies. The measures will make it difficult to do business with the oil-rich nation.
Rouhani said Europe, too, was angry at the US policies, Press TV reported.
"Today, we are not the only ones who are angry at US policies; even European businesses and governments are angered by US policies, too."
India, China and Japan are among eight countries temporarily allowed to continue buying Iranian oil as they showed "significant reduction" in oil purchase from the Persian Gulf country after the US reimposed crippling sanctions on Tehran, Secretary of State Mike Pompeo said on Monday.
"We have decided to issue temporary allotments to a handful of countries responsible to specific circumstances and to ensure a well-supplied oil market. The US will be granting these exemptions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey," Pompeo told reporters here.