Iran ambassador: Trump's sanctions violate United Nations security council resolution

Daimler has a long presence in Iran where it sold up to 10,000 vehicles a year before 2010

The U.S.is also seeking to get Iran to curb its ballistic missile program, which was not restrained as part of the nuclear deal.

"With regard to our situation do not be anxious at all".

Despite not saying which consequences the USA will face in his latest statement, Iran had previously warned it could block the Strait of Hormuz, widely used by the regional states to export their oil and gas, as a comeback against the sanctions. "Nobody can do anything", Khamenei said recently, the website reported.

Trump has said he is ready to hold talks with Iranian leaders, without preconditions but meanwhile, his administration has vowed to press on with its pressure campaign.

The foreign minister also scolded the USA, arguing that the decision of pull out from the Iran nuclear deal in May made the White House an untrustworthy partner to hold negotiations with.

On Tuesday, the USA reinstated sanctions targeting the Iranian government's purchase of U.S. dollars, Iran's trade in gold and other precious metals, and its automotive sector. Even stronger sanctions targeting Iran's oil sector and central bank are to be re-imposed in early November.

European countries, hoping to persuade Tehran to continue to respect the deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

"They can't think that Iran won't export oil and others will export".

Among those that have suspended plans to invest in Iran are France's oil major Total, its big carmakers PSA and Renault, and their German rival Daimler. Turkey buys an estimated 9.5bn cubic metres of gas from Iran.

His Tuesday morning tweet came as Washington's new sanctions on Tehran took effect overnight.

Separately, Iranian Foreign Minister Mohammad Javad Zarif said Wednesday that a USA plan to reduce Iran's oil exports to zero will not succeed, according to the Iran newspaper.

The Iranian rial fell to a record low late last month, dropping in value by half since April, leading to sharp price increases and fast-rising inflation.

Already facing broad economic fallout as their currency implodes, Iranians are wondering how the next phase of the crisis in U.S. relations will play out - and what, exactly, America's long-term strategy is toward their country.

The chief executive of reinsurance group Munich Re said it may abandon its Iran business under pressure from the United States, but described the operation as very small.

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