New US Sanctions On Tehran

The US Treasury has sanctioned over 50 individuals, companies, and vessels, including Indian firms, for facilitating Iranian oil and LPG exports to China, Pakistan, and other countries

IRNA also reported that Kazem Gharibabadi, the deputy foreign minister, said that Tehran had received a proposal regarding the next round of indirect talks with Washington

The US Treasury Department in a statement said it imposed sanctions on five Iran-based entities and one person based in Iran for their support of Iran's nuclear program

The US has long accused Tehran of using a decades-old civilian nuclear program to disguise ambitions to develop weapons, a claim repeatedly denied by Iran

After India and Iran signed a long-term deal for running the Chabahar port, the US warned that any country having business dealings with Tehran ran the 'potential risk of sanctions'

India and Iran have signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran

EU leaders condemned the Iranian attack, reaffirmed their commitment to Israel's security and called on all sides to prevent more tensions, including in Lebanon

US President Joe Biden on Friday extended for another year the national emergency declared with respect to Iran in the year 1995, the White House announced.In a letter to House Speaker Nancy Pelosi, Biden said, "I have determined that it is necessary to continue the national emergency declared in Executive Order 12957 with respect to Iran and to maintain in force comprehensive sanctions against Iran to respond to this threat."He further said that the decision has been taken as the actions and policies of the Government of Iran continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the US.According to Sputnik, he also accused Iran of proliferating and developing "missiles and other asymmetric and conventional weapons capabilities," maintaining "network and campaign of regional aggression," supporting "terrorist groups and... malign activities of the Islamic Revolutionary Guard Corps.

Secretary of State Mike Pompeo in a statement on Friday announced sanctions against Iran's Marine Industries Organization (MIO), Aerospace Industries Organization (AIO), and the Aviation Industries

The US blacklisted 12 Iranian steel and metals makers and three foreign-based sales agents of an Iranian metals and mining holding company, seeking to deprive Iran of revenues

Says more Iran sanctions related to arms coming

Small firms are filling the vacuum for consumer goods as Iranians struggle to buy foreign brands

Rial fell to a record low against US dollar in the grey market on Sunday

The White House plans to issue an executive order on Monday spelling out how the U.S. will enforce the restored sanctions

How this dispute plays out in the weeks ahead remains to be seen, but Thursday's US move set the stage for a showdown in the United Nations

Iran will come up with 'smart' reaction to sanctions not get itself: Abbas Araghchi