Anger, Fear And Defiance In Iran As US Sanctions Return Today

Iran FM says Trump, Mohammed Bin Salman, Netanyahu are ‘isolated’

"The European Union's updated Blocking Statute enters into force on 7 August to protect EU companies doing legitimate business with Iran from the impact of U.S. extra-territorial sanctions", said a joint statement by Ms Mogherini and the foreign ministers of France, Germany and Britain.

"Talk to anyone, anywhere in the world and they will tell you that (Israeli Prime Minister Benjamin) Netanyahu, (US President Donald) Trump and (Saudi Crown Prince Mohammed) bin Salman are isolated, not Iran", he said.

Rouhani told state television on Monday night that Iran had no intention of negotiating a new deal with the United States.

He called the landmark 2015 agreement "horrible", claiming it left the Iranian government flush with cash to fuel conflict in the Middle East.

Some of the sanctions took effect overnight, with others taking effect in November, and President Trump tweeted about them early this morning.

Whether to comply with United States sanctions or keep doing business in Iran is a "purely economic decision", one senior official argued. But on Iran, Mr Trump now has a team who share his contempt for the regime and are even more determined to see its end.

Washington suspended the financial measures under the 2015 deal under which global sanctions were lifted in return for curbs on Iran's nuclear programme. The currency's collapse and soaring inflation have sparked sporadic demonstrations in Iran against profiteering and corruption, with many protesters chanting anti-government slogans.

A combination of two pictures shows U.S. President Donald Trump (L) on July 22, 2018, and Iranian President Hassan Rouhani on February 6, 2018.

They are also created to scare off foreign investors in the Iranian automotive industry, something that appears to have been achieved already.

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"If you're an enemy and you stab the other person with a knife, and then you say you want negotiations, then the first thing you have to do is remove the knife", he said.

The second phase of United States sanctions, which takes effect on 5 November and will block Iran's oil sales, is due to cause more damage, but several countries including China, India and Turkey have indicated they are not willing to entirely cut their Iranian energy purchases.

The European Union has vowed to defend its companies working in Iran.

A "blocking statute" comes into force on Tuesday that will nullify potential court action taken by the U.S. over breach of the sanctions.

Saudi Arabia and Israel, Iran's key regional rivals, are among the only countries to strongly support the reimposition of U.S. sanctions.

"The world has distanced itself from their hostile policies", Zarif said, adding that they "have become the symbol of mistrust in the world".

"In anticipation of the sanctions, a lot of Iranian business people have transferred their assets and capital overseas, so that's why the economic situation has already been deteriorating".

European Union foreign affairs chief Federica Mogherini and the French, German and British foreign ministers said they deeply regretted Trump's action.

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