Iran Releases Video Vowing Global Partners Will Help It Beat Sanctions

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On Monday, the U.S. introduced another package of sanctions against Iran, which affect key sectors of the economy. We have this success from political view... today all countries in the world, except a few number of countries, are against the USA and stand beside Iran.

"Rest assured, Iran will never come close to getting a nuclear weapon on President Trump's watch", Pompeo said.

The deal had seen most worldwide financial and economic sanctions on Iran lifted in return for Tehran curbing its disputed nuclear activity under United Nations surveillance.

In a statement issued over the weekend, the Kremlin's foreign ministry "strongly condemned" the new wave of USA sanctions, arguing that the move deals "another powerful blow to the Nuclear Nonproliferation Treaty (NPT)".

Speaking before Pompeo detailed the US sanctions, Iranian President Hassan Rouhani accused the United States of targeting ordinary Iranians and said the Islamic Republic would find a way to "continue to sell our oil ... to break sanctions".

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India, the world's third-biggest oil consumer, meets more than 80 per cent of its oil needs through imports. State department officials expressed American desire to bring Iran's oil export, which makes up 80 per cent of its revenue, to zero in the coming months.

Zarif said that the talks with the United States over a new nuclear agreement remains open if Washington changes its approach to the 2015 worldwide nuclear deal, Press TV reported.

US National Security Advisor John Bolton claimed that the nuclear deal with Iran failed to "permanently block all paths to an Iranian nuclear bomb". The Administration has granted waivers to eight countries that have reduced their oil purchases from Iran but not stopped them entirely.

Powerful Shia cleric Ayatollah Ahmad Alamolhoda issued the chilling warning to the Trump administration about the consequences of cutting off Iranian oil exports in its latest round on sanctions.

Iran's economy has faced stagnant growth and high unemployment, even after sanctions were lifted following the nuclear deal it negotiated with world powers. "Today the enemy (the United States) is targeting our economy. the main target of sanctions is our people", Rouhani said.

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Several of these countries depend partially on Iranian oil, including Turkey, which imports a quarter of its 830,000 barrels per day from its Iranian neighbour, according to a Bloomberg report.

In June Iran said that Baghdad and Tehran had begun exchanging crude oil.

On the eve of sanctions kicking in, US Secretary of State Mike Pompeo had named India, along with seven other countries, as being granted a waiver from US' unilateral sanctions on Iran.

"[The] infrastructure allows European companies to avoid USA sanctions in the future ... long-term it's very worrying for the future of US sanctions infrastructure", Ashford said.

A MAN buys Iranian rials from a seller of Iranian currency in Basra, Iraq, before the United States sanctions on Tehran, which began yesterday.

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It is now in talks with its other five partners in the deal - France, the UK, Germany, Russia and China - to keep the global document alive and blunt the impact of the United States bans.