Iran's Khamenei undermines USA sanctions, says nothing to worry about

Iranian Foreign Minister Mohammad Javad Zarif right greets North Korean Foreign Minister Ri Yong Ho in Tehran on Tuesday

Companies doing business with Iran will be barred from the United States, Trump said on Tuesday. Under the accord, Iran agreed to limit its sensitive nuclear activities and allow worldwide inspections in return for the lifting of crippling economic sanctions.

In recent weeks Rouhani renewed the threat, saying that if sanctions threatened Iran's crude oil exports, the rest of the Mideast's exports would be threatened as well. "As always, CUFI stands behind the Iranian people as they stand to unburden themselves from the damage caused by this oppressive regime".

"China's commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions", the Chinese foreign ministry said in a statement to Reuters.

"China's lawful rights should be protected".

The sanctions, which were initially lifted under the deal, center on the auto industry and any instance of Iran buying US dollars.

However, Mr. Lautwein said it isn't likely to bring a wave of lawsuits. "There is no doubt about this".

North Korea's top diplomat, Ri Yong Ho, visited Iran as the United States reintroduced sanctions against the Islamic Republic.

And Danish engineering firm Haldor Topsoe said it was cutting 200 jobs in the country as a result of the sanctions. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level.

Netanyahu also expressed hope that the European Union would follow the American example and would join Trump's efforts to reverse the Obama Administration's premature lifting of sanctions in 2016.

"As North Korea doesn't hold many cards in negotiations with the U.S., it appears to be diversifying its diplomatic partners and strengthening its alliance with them to increase its leverage", he said.

Despite threats voiced by Washington, a number of countries have refused to bow to Trump's demands to cut ties with Iran.

German Foreign Minister Heiko Maas warned Wednesday that US President Donald Trump's decision to reimpose sanctions on Iran could further destabilize the Middle East and boost radical forces in the region. Instead, he said the Iranian navy had extensive military abilities that could be problematic for the area.

Iranian Supreme Leader Ayatollah Ali Khamenei, the highest authority in Iran, said the country had nothing to be concerned about, his official website said. They had also proposed setting up accounts for the Central Bank of Iran in their national banks, he added.

How quickly they caved - Daimler, Volkswagen, Siemens, Bayer and many others.

Rouhani hinted last month that Iran could block the Strait of Hormuz, a major oil shipping route, if the USA attempted to stop the Islamic Republic's oil exports. The Trump tactics have deepened an already serious economic crisis in Iran, fuelling protests around the country.

The general said he has come up with no explanation why those aggressive actions - the vast majority carried out by Iranian Revolutionary Guard swift boats - have ceased. "We can't get drawn into a confrontation with America by falling into this war room trap and playing on a battlefield".

Following its withdrawal from the Iran nuclear deal earlier this year, on Tuesday the United States slapped Iran with "the most biting sanctions ever".

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