Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

  • Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

New sanctions placed on Iran by US President Donald Trump are likely to have the reverse effect the White House is hoping for, according to new reports, as Tehran's petroleum exports are set to increase just as Washington's restrictions commence.

Rouhani insisted on state TV that Iran will "sell its oil and it will sell" despite the crippling sanctions.

"But an alternative sourcing strategy needs to be worked out soon as the USA relaxation would be temporary and Washington would expect India to keep cutting imports from Iran to reach zero level", said an energy sector expert.

US President Donald Trump withdrew the US from the nuclear accord earlier this year, an agreement he called the "worst deal ever negotiated".

On Friday, Mr Trump's government announced the restoration of sanctions on Iran's shipping, financial and energy sectors, the second batch of penalties to be restored.

Rouhani said in a the meeting on Monday: "I announce that we will proudly bypass your illegal, unjust sanctions because it's against worldwide regulations".

In this regard, India is also looking to adopt the strategy as it developed prior to 2015 when a West-imposed sanction on Tehran affected supplies.

But "Iran has weathered multiple rounds of sanctions before".

The US has said it will temporarily allow eight importers to keep buying Iranian oil, with China, India, South Korea, Japan and Turkey - all top importers - expected to be among those given temporary exemptions to ensure crude oil prices are not destabilised.

"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".

All of the other signatories, China, the European Union, France, Germany, Iran, Russia and the United Kingdom, have remained in the deal despite USA action.

"The JCPOA is a key element of the global nuclear non-proliferation architecture and of multilateral diplomacy", they said.

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

'We'll see what happens with Iran.

In the capital city of Tehran, the rally was held at the venue of the former United States embassy, which is known by Iranians as the "Den of Espionage".

A woman holds a picture of Ayatollah Khamenei, Iran's supreme leader.

Washington has also said that it wanted to stop what it calls Teheran's "malign" activities including cyber attacks, ballistic missile tests, and support for terror groups and militias in the Middle East.

Salami made the remarks on a day when the authorities in Iran organize anti-U.S. gatherings nationwide, unleashing slogans to mark the 1979 seizure of the USA embassy in Tehran.

Iran's economic chaos sparked mass anti-government protests at the end of a year ago which resulted in almost 5,000 reported arrests and at least 25 people being killed.