US Renews Iran Sanctions, Grants Waivers to China, Seven Others

US Renews Iran Sanctions, Grants Waivers to China, Seven Others

"If you notice, oil prices are going down very substantially, despite the fact that already half of their capacity is gone".

The US secondary sanctions have been re-imposed at the end of a 180-day wind down period which followed the announcement that the US was pulling out of the Iran deal.

"This has nothing to do with Iran".

Alamolhoda, an influential figure on the government's Assembly of Experts, told his followers that Iran would launch a missile attack against "all Persian Gulf countries" in the event its oil markets are curtailed.

Iran said it would continue to sell oil overseas.

The sanctions hit oil exports, shipping and banking.

"Today's designation includes 50 Iranian banks and their foreign and domestic subsidiaries, in conjunction with Iran's regime support for global terrorism, proliferation of mass destruction or their means of delivery, and human rights abuses", Treasury Secretary Steven Mnuchin said.

The United States has snapped sanctions back in place to choke off Iran's oil and shipping industry, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

The Iranian official also stressed that Iran's allies are seeking to find ways of defeating United States sanctions.

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While Gillum leads 54 percent among women compared to DeSantis' 40 percent, the candidates are split at 46 percent among men. Obama urged more decisive action by Americans who have grown frustrated by the first 21 months of Trump's presidency.

Speaking on Iran's nuclear program, three non-proliferation projects have been allowed to continue, which will improve oversight on the country's civil nuclear program and "make these facilities less susceptible to illicit and illegal nuclear uses".

On Monday, worldwide benchmark Brent crude oil futures were up almost 0.8 percent to $73.41 per barrel and U.S. crude futures were at $63.41, up 0.4 percent. "This is not about hurting the people of Iran, but we will not let money be diverted to humanitarian purposes and then put for terrorist activities".

President Rouhani said Iran would "continue to sell oil". "We are in the economic war situation".

"US bullying is backfiring. We have to stand to win". Trump withdrew from the 2015 nuclear accord in May, but all of the others that signed on to the agreement - including countries belonging to the European Union - are hoping to keep the deal in place.

"U.S. sanctions on Iran proved to be less severe than previously anticipated", said Hussein Sayed, chief market strategist at futures brokerage FXTM.

"We believe that China's normal cooperation (with Iran) within worldwide law is legal and legitimate, and this shall be respected", Hua said. "We expect to see more progress as our sanctions start to bite".

While the sheer number of people and entities sanctioned is larger than ever, many Middle East experts believe they will be less effective than the United Nations sanctions in place before the deal. On Monday, Israeli Prime Minister Benjamin Netanyahu, who has led an anti-Iran campaign for years, thanked Trump "for a courageous, determined and important decision".

"Today is a historic day", Netanyahu told lawmakers from his Likud party, according to his office.