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"We call on the regime to abandon its nuclear ambitions, change its destructive behaviour, respect the rights of its people, and return in good faith to the negotiating table", President Trump said in a statement, adding, the USA "remains open to reaching a new, more comprehensive deal".

Ayatollah Ali Khamenei, Iran's supreme leader, voiced defiance of the United States president and said "the world opposes every decision made by Trump".

They added, "on November 5, 2018, all United States sanctions that were lifted under the disastrous Iran nuclear deal will be fully reimposed".

"We have committed to work on ... the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas", it said.

"The US has had some success in terms of frightening away major corporations". In anticipation of sanctions, oil exports from Iran have already dropped by about a third since May.

Mr Pompeo said the sanctions are "aimed at depriving the regime of the revenues it uses to spread death and destruction around the world".

Iran said it was not troubled over the re-imposition of US sanctions, which target not only its vital oil and gas sector but also shipping, ship-building and banking industries.

Another problem is that the product used in the SPV to trade with Iran may also violate secondary sanctions, says Leigh Hansson, head of global trade and national security at Reed Smith.

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She told the newspaper: "Truth has always worked for me, so to see the truth defiled every day is very, very painful for me". "And that became the title of the first song".

The renewed sanctions are designed "to paralyse (Iran's) economy and keep it backward".

"With the blessing of God and the insight and vigilance of the Iranian nation, the 13th of Aban this year will turn into a show of national prowess and unity, the humiliation of the Great Satan, the condemnation of the hegemonic nature of the notorious USA regime and the Iranian nation's slap in the face of the deceitful United States president and officials", it added.

"Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country". The EU is creating a special mechanism that would circumvent USA financial sanctions on Iran. The Islamic Republic is a preferred supplier for India, making the country the second-largest purchaser of Iranian crude after China due to sweeteners such as 60-days credit, free insurance and shipping, among others.

Pompeo defended the oil waivers and noted that since May, when the USA began to press countries to stop buying Iranian oil, Iran's exports had dropped by more than 1 million barrels per day.

The US has made it clear it wants eventually to cut off Iran's oil trade entirely, but has allowed eight countries to maintain imports as a temporary concession to give them time to reduce imports.

"The administration has indicated it will not support requests by foreign governments or companies for exemptions", the report said.

Six of the countries had agreed to "greatly reduced" levels of oil purchases, Pompeo said, and two said they would soon end their imports of Iranian oil.

"Regarding oil sanctions, we had experience of it in previous periods and we could also get through them somehow", a man named Moaref told Ruptly.