United States anti-Iran measures to take effect from today: White House

Oil Tanker in Iran

Oil Tanker in Iran

U.S. President Donald Trump said on Tuesday the new U.S. sanctions on Iran were "the most biting sanctions ever imposed".

President Trump reimposed sanctions targeting Iranian purchases of United States dollars, metals trading, coal, industrial software and its auto sector. Perhaps seeking to head off more unrest, Iran announced steps this week to make it easier to access foreign currency, and said it was prosecuting an ex-central bank official for economic crimes.

European allies said they "deeply regret" the U.S. action.

The other parties to the 2015 nuclear agreement - Britain, France, Germany, China and Russian Federation - say Iran was abiding by its commitments and have vowed to salvage the deal by ensuring economic benefits continue to flow to the country.

The European Union's diplomatic chief Federica Mogherini said the bloc deeply regrets the USA move.

"Preserving the nuclear deal with Iran is a matter of respecting global agreements and a matter of worldwide security". "The EU, along with China, Russia, France, Germany and the United Kingdom, was also a signatory to the deal and has not withdrawn".

"I am asking for WORLD PEACE, nothing less!" he said.

Daimler (DDAIF) said in a statement that Iran's automotive markets have been significantly weaker than expected, and it had not yet resumed production or sale of Mercedes cars or trucks in the country.

The sanctions, which take effect at midnight on Monday in Washington, bar transactions with Iran in U.S. currency, gold, precious metals, graphite, coal and semi-finished metals, as well as large sales of Iranian rials, issuing Iranian debt and auto sanctions.

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"Prices have been increasing for three or four months and everything we need has become so expensive, even before sanctions returned", said Yasaman, a 31-year-old photographer in Tehran.

"We are always in favour of diplomacy and talks".

"Sanctions will go into full effect and will remind the Iranian regime of the diplomatic and economic isolation that results from its reckless and malign activity", said Secretary of State Mike Pompeo in May. "Anyone doing business with Iran will NOT be doing business with the United States", he wrote.

"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 told state television.

We are doing our best to keep Iran in the deal, to keep Iran benefiting from the economic benefits that the agreement brings to the people of Iran because we believe this is in the security interests of not only our region, but also of the world. The value of the Iranian rial has plunged ahead of the move. "But if the government has a serious plan they can control the situation".

He added, "To this day, Iran threatens the United States and our allies, undermines the worldwide financial system, and supports terrorism and militant proxies around the world".

"There will be pressure because of sanctions, but we will overcome this with unity".

"It is a commercial decision for companies whether they continue to work in Iran".

The European Union has also spoken out against the sanctions, vowing to protect firms doing "legitimate business".

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