Iran’s President Hassan Rouhani has vowed to “break” swingeing sanctions re-imposed by the US targeting core parts of the economy. The Trump administration is restoring all sanctions lifted under the 2015 nuclear deal in a bid to pressure Iran.
They will hit oil exports, shipping and banks, and make it difficult to do business with the oil-rich nation. But Mr Rouhani struck a defiant tone, saying that Iran would “continue selling oil”. “We will proudly break the sanctions,” he said at a meeting of economic officials.
European countries which are still party to the accord designed to curb Iran’s nuclear activity say they will help businesses bypass the sanctions. But there are doubts how successful this will be.