Iran President Warns of 'War Situation' as Sanctions Resume

Khamenei Trump

Khamenei Trump

Asked if the U.S. had firm commitments from India and China to stop all oil purchases from Iran within six months, Pompeo replied: "Watch what we do".

"Iranian exports and production had been declining steadily ... We are prepared to resist any pressure", Rouhani said.

According to government officials, oil imports from Iran this year will be down by nearly 30 per cent and it could be cut further next year (FY20) to about 50 per cent of FY18 levels or more. Contrary to what he called "fueled misinformation", he stated that SWIFT, "if it provides financial messaging services to certain designated Iranian financial institutions...could be subject to sanctions".

Rouhani said in a the meeting on Monday: "I announce that we will proudly bypass your illegal, unjust sanctions because it's against global regulations".

They are reported to include USA allies Italy, India, Japan and South Korea, along with Turkey, China and India.

"The countries will deposit Iran's revenue in an escrow account, USA officials have said".

Crowds of Iranians called for "Death to Israel" and "Down to U.S." in a rally to mark the 39th anniversary of the U.S. Embassy in Tehran.

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In this regard, India is also looking to adopt the strategy as it developed prior to 2015 when a West-imposed sanction on Tehran affected supplies. We've already reduced Iranian crude oil exports by over a million barrels per day.

Washington's top diplomat refused to comment on what specific actions the Trump administration may take against Moscow and Beijing, should both countries decide to continue to do business with Tehran.

Trump has long argued that the 2015 nuclear deal is badly flawed, in part because its provisions would expire in 10 to 15 years and partly because it does not adequately constrain Iran's destabilizing behavior in the region. But he said the eight unidentified nations "need a little bit more time to get to zero". President Trump, you've done it again! Washington says it wants a new deal with Iran, curtailing its regional interventions and missile programme - demands which have been flatly rejected by Tehran.

On Friday, the EU, Germany, Britain and France said in a joint statement that they "deeply regret the further reimposition of sanctions by the United States".

Salami made the remarks on a day when the authorities in Iran organize anti-U.S. gatherings nationwide, unleashing slogans to mark the 1979 seizure of the USA embassy in Tehran.

Benjamin Netanyahu said Monday at parliament that the Trump administration's decision to restore sanctions was already having an effect.

In another interview that also aired on Sunday, this one to CBS News, Pompeo made clear that secondary sanctions for violating the Iran curbs will apply only to specific entities and not their countries.

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