US reinstates sanctions but Iran capable of riding them out
Tehran (KNA) - The United States has reinstated all its sanctions lifted under a 2015 nuclear deal on Iran but experts say the measures will only have a modest effect on the Iranian economy and will instead end in humiliation for the US.
The measures, described by Washington as "the toughest sanctions ever," were reimposed on Monday after President Donald Trump controversially decided in May to abandon the nuclear deal with Tehran.
They are the second tranche of sanctions - with the first batch already imposed in August - which aim to significantly cut Iran's oil exports.
Secretary of State Mike Pompeo on Sunday vowed to push Iran's oil sales to zero even as the US earlier gave temporary exemptions to eight countries to continue buying oil.
Source: PressTV