The US President had warned countries to halt purchasing oil from Iran before November 4 otherwise, they’ll have another round of US sanctions.
A senior State Department official said the US would not be “granting waivers” to any country and described tightening the noose on Tehran as “one of our top national security priorities.”
President Hassan Rouhani has issued a statement of assurance that the nation can withstand US sanctions.
President has been perplexed recently not only because of the sanctions but the internal protest by Iranians against his administration which was the more fueled by the US sanction on the country.
The country had recently emerged from several years of sanctions after accenting to the requirements of the nuclear deal with the world powers in 2015.
Defending his economic record, Rouhani said the government’s income had not been affected in recent months, and the fall in the rial was the result of “foreign media propaganda.”
“Even in the worst case, I promise that the basic needs of Iranians will be provided. We have enough sugar, wheat, and cooking oil. We have enough foreign currency to inject into the market,” Rouhani said in a speech broadcast live on state television.
Theodore Karasik, a senior advisor to Gulf State Analytics, said the eruption of the new phase of Iranian rioting is now being seen throughout the Iran.
“The country is entering a phase of discontent with the existing regime,” he told Arab news.
“The protests are getting louder and more violent and increasingly targeting the regime itself.”
That the new protests are centred around the powerful traders in Iran’s bazaars, is particularly significant Karasik said.
“The protests and the closures of bazaars throughout the country are at the heart of not only the 1979 revolution but also the Tobacco Protests against a British monopoly in 1891–92, and the Constitutional Revolution of 1905-1911.”
The United States will impose sanctions on Iran in the coming months after withdrawing from the nuclear deal.
“Withdrawal was the worst decision he (Trump) could make. It was appalling. It hurt America’s global reputation,” he said.