Iran vows to continue oil exports despite Trump's threats

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TENSE IN TEHRAN: The President Slams Iran With 'MOST BITING SANCTIONS EVER IMPOSED'

Even stronger sanctions targeting Iran's oil sector and central bank are to be re-imposed in early November. At current market rates, the imports are worth some $15 billion a year.

The reimposition of USA sanctions followed Trump's decision earlier this year to pull out of a 2015 deal to lift the punitive measures in return for curbs on Iran's nuclear program created to prevent it from building an atomic bomb.

The leaders of United States allies Britain, France and Germany are also pushing back against USA sanctions by pledging their commitment to the deal and protecting companies from U.S. penalties for doing business with Iran.

Iran's foreign minister Javad Zarif turned the tables on Washington's efforts to isolate the regime, saying Monday that it is in fact the US, Israel, and Saudi Arabia who are isolated in their hostility towards Iran. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level.

According to Rouhani's own Mehr press agency, he also spoke of the USA withdrawal from the Iran nuclear deal, saying the move resulted in complete loss of faith in Washington.

The comments from Beijing and Berlin signaled growing anger from partners of the United States, which reimposed strict sanctions against Iran on Tuesday, over its threat to penalize businesses from third countries that continue to operate there.

'We are pleased to see German businesses stopping their trade with Iran, complying with USA sanctions, and helping pressure the Iranian regime back to the table, ' he tweeted.

Last month, Trump offered to meet Iran's leaders "without preconditions".

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"Tantrums & CAPPED TWEETS won't change the fact that the world is sick & exhausted of U.S. unilateralism".

Mr Trump abandoned the Joint Comprehensive Plan of Action (JCPOA), which saw Iran limit its controversial nuclear activities in exchange for sanctions relief, in May.

Few American companies do much business in Iran so the impact of sanctions mainly stems from Washington's ability to block European and Asian firms from trading there.

"I feel like my life is being destroyed", said one construction worker on the streets of the capital.

The DPRK foreign minister in response reiterated the praise for the two countries' longstanding relationship and agreed with the Iranian President's calls for strengthening ties.

Most Iranians see U.S. hostility as a basic fact of life, so their frustration is largely directed at their own leaders for not handling the situation better.

Iran's regional rivals Israel and Saudi Arabia have welcomed the tough new USA policy. Ali Vaez, Iran project director for the International Crisis Group, told AFP that the sanctions would inflict "significant harm" on the Iranian economy.

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