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US unleashes 'toughest ever' sanctions on Iran

IANS  |  Washington 

The US on Monday unleashed its "toughest ever" sanctions against Iran, a move that has already sparked mass protests in the

Donald Trump's administration reinstated all sanctions removed under the 2015 nuclear deal, targeting both and states that trade with it, reports the

More than 700 individuals, entities, vessels and aircraft were now on the sanctions list, including major banks, exporters and shipping companies.

has also said that it wanted to stop what it calls Tehran's "malign" activities including cyber attacks, ballistic missile tests, and support for terror groups and militias in the

The has granted exemptions to eight countries to continue importing Iranian oil, without naming them. They are reported to include US allies India, Italy, and

Iranian has vowed to sell his country's and break the sanctions.

has said that it would hold air defence drills on Monday and Tuesday to prove the country's capabilities.

Before travelling to a campaign rally for the US midterm elections, Trump said was already struggling under his administration's policies.

"The sanctions are very strong. They are the strongest sanctions we've ever imposed. And we'll see what happens with Iran, but they're not doing very well, I can tell you."

The UK, and - which are among the five countries still committed to the nuclear pact - have all objected to the sanctions, the said.

They have promised to support European firms that do "legitimate business" with Iran and have set up an alternative payment mechanism - or Special Purpose Vehicle (SPV) - that will help companies trade without facing US penalties.

On Sunday, thousands of Iranians chanting "Death to America" rallied, rejecting calls for talks.

The rallies coincided with the siege of the on November 4, 1979 , which took place soon after the fall of the US-backed shah.

Some 52 Americans were held hostage in the embassy for 444 days and the two countries have been enemies ever since.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 12:20 IST
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