Iran Press/Iran news: "The US sanction on Iranian metals is against the international commitments of this regime and it is against international norms," Seyyed Abbas Mousavi said.
The United States will be responsible for the caused losses," Iranian Foreign Ministry Spokesman stated as quoted by the ISNA news agency.
Earlier, US President Donald Trump signed an executive order imposing sanctions on Iran, relating to iron, steel, aluminum, and copper.
On May 09, The Treasury Department announced it would allow a 90-day 'wind-down' period as the deadline for any foreign countries involved with transactions related to Iran's metal sector.
An executive order signed by US President, Donald Trump on Wednesday says the property of anyone who owns or operates or engages in 'significant' transactions with Iran’s metals sector will be seized by the US under sanctions laws. Likewise, anyone accused of materially assisting, sponsoring or supporting anyone who is sanctioned will have their property blocked as well, reported Iran Press news agency citing Russia Today.
Trump’s latest move comes exactly a year after he unilaterally withdraw the US from the Joint Comprehensive Plan of Action ( JCPOA), negotiated by his predecessor in 2015.
Speaking in a cabinet session on Wednesday, Hassan Rouhani described the Joint Comprehensive Plan of Action (JCPOA) beneficial to the region and the world and detrimental to the enemies of Iran, stressing, “American hardliners, Zionism, and regional reactionaries have been -and are- anti-JCPOA and anti-Iran.”
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