Trump warns European Union over decision to protect Iran trade

Trump warns European Union over decision to protect Iran trade

In an executive order Monday, Trump said the sanctions seek to pile financial pressure on Tehran to force a "comprehensive and lasting solution" to Iranian threats, including its development of missiles and regional "malign" activities.

The US is weighing case-by-case exemptions for some countries from the next set of sanctions - which take effect in 90 days - targeting Iranian oil exports, according to Trump administration officials who briefed reporters on Monday, despite its announced goal of allowing "zero" Iranian oil exports.

"It also forbids European Union persons from complying with those [US] sanctions unless exceptionally authorised to do so by the commission", said spokeswoman Mina Andreeva. "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level", Trump wrote in an early morning tweet Tuesday.

Those sanctions will have a greater effect now than when they were imposed before the nuclear deal, he said, because "unlike a decade ago, banks and businesses have significantly grown their compliance sectors and are more tired of American secondary sanctions and the risks of doing businesses with Iran".

"I am asking for WORLD PEACE, nothing less!"

The sanctions reimposed today - targeting access to U.S. banknotes and key industries such as cars and carpets - were unlikely to cause immediate economic turmoil.

Iran's Foreign Minister Mohammad Javad Zarif told reporters the global reaction to Mr Trump's move showed that the United States was diplomatically "isolated", but acknowledged the sanctions "may cause some disruption".

Mr. Erdan, who also heads the Strategic Affairs Ministry, praised the US for reimposing punitive sanctions on Iran that brought back into effect the harsh penalties lifted under the Iran nuclear deal.

Media captionWhat is the Iran nuclear deal?

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Saudi Arabia and Israel, Iran's key regional rivals, are among the only countries to strongly support the reimposition of U.S. sanctions. "We would like to see a change in the regime behavior, and I think the Iranian people are looking for the same thing".

"They want to launch psychological warfare against the Iranian nation", Rouhani said.

Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington's main European allies Britain, France and Germany, as well as Russian Federation and China.

Iranian President Hassan Rouhani said that Iran still can rely on China and Russian Federation to keep its oil and banking sectors afloat.

But that has proven hard: European companies have pulled out of Iran, arguing that they can not risk the prospect of damage to their USA business. European allies said they "deeply regret" the U.S. action.

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

Iranians are already seeing the effects of the sanctions, with Iran´s rial currency losing around half its value since Trump announced the USA would withdraw from the 2015 nuclear accord.

It sets out to allow firms to recover damages from bodies that enforce United States sanctions - and bans companies from complying with USA sanctions without European Union permission.

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