Washington Infuriates Iran With Sanctions

Forex News

New sanctions from Washington against Iran took effect today. Also, Donald Trump claimed companies that have business with Iran will be banned from operating in the U.S. Trump wrote in his Twitter account: "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!"

The President’s cabinet offered a negotiation, but Tehran rejected it. John Bolton, White House national security adviser, says the only option Iran has to avoid sanctions is to accept the offer for talks. He told: "They could take up the president's offer to negotiate with them, to give up their ballistic missile and nuclear weapons programs fully and really verifiably". He added: "If the ayatollahs want to get out from under the squeeze, they should come and sit down. The pressure will not relent while the negotiations go on".

The sanctions target Iranian purchases of U.S. dollars, metals trading, coal, industrial software and its auto sector. Iran's President Hassan Rouhani stated: "If you stab someone with a knife and then you say you want talks, then the first thing you have to do is remove the knife," and: "We are always in favor of diplomacy and talks. ... But talks need honesty".

European countries reacted on Donald Trump’s action, by issuing a statement: "We deeply regret the reimposition of sanctions by the U.S."