Written by Reuters
27 Jun, 2018 | 2:59 am
REUTERS – President Hassan Rouhani promised Iranians the government would be able to handle the economic pressure of new U.S. sanctions, a day after traders massed outside parliament, protesting against a sharp fall in the value of the national currency.
Washington is to start reimposing economic penalties on Tehran in coming months after U.S. President Donald Trump quit an agreement between major world powers and Iran in which sanctions were lifted in return for curbs on its nuclear programme.
This may cut Iran’s hard currency earnings from oil exports, and the prospect is triggering a panicked flight of Iranians’ savings from the rial into dollars.
Rouhani, in a speech broadcast live on state TV said Iran would not be broken by U.S. sanctions, that America had trampled over a U.N. Security Council resolution and had always tried to force and end to Islamic rule in Iran.
Rouhani said the fresh U.S. sanctions were part of a “psychological, economic and political war”, adding that Washington would pay a high price for its actions
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