Donald Trump warns world against business with Iran as sanctions return

Iranian Foreign Minister Mohammad Javad Zarif right greets North Korean Foreign Minister Ri Yong Ho in Tehran on Tuesday

Iran's currency has been in steady decline since the start of the year as the country anxiously awaits the re-imposition of full USA sanctions, trading at record lows and losing almost two-thirds of its value against the dollar.

'We are pleased to see German businesses stopping their trade with Iran, complying with USA sanctions, and helping pressure the Iranian regime back to the table, ' he tweeted.

Rouhani in a meeting with visiting North Korean Foreign Minister Ri Yong-hu on Wednesday again criticized the US for its withdrawal from the nuclear deal.

European countries have also vowed to protect the nuclear deal by continuing to trade with Iran.

"China's lawful rights should be protected".

North Korea's foreign minister Ri Yong Ho on Wednesday met with the Iranian President in Tehran on the second day of an ongoing trip to the country, Iranian state news outlets reported, with Rouhani stressing the DPRK should not place excessive trust in American commitments.

The reimposition of USA sanctions followed Trump's decision earlier this year to pull out of a 2015 deal to lift the punitive measures in return for curbs on Iran's nuclear program created to prevent it from building an atomic bomb.

The European Union has also unveiled a "blocking statute" meant to mitigate the impact of the USA sanctions on European firms doing legitimate business with Iran.

"It's pretty clear to us that they are trying to use that exercise to send a message to us, that, as we approach this period of sanctions here, that they have these capabilities", he said.

USA officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to force Tehran to halt its nuclear and missile programs and involvement in regional conflicts in Syria and Iraq.

Mohammad Javad Zarif told the Iran newspaper that President Donald Trump's goal of forcing the rest of the world not to buy Iranian oil was impossible.

U.S. sanctions on Iran could lead to more terror attacks, the German Foreign Minister warned today.

Trump responded by noting that Iran could face serious consequences if it threatened the United States.

Last month, Trump offered to meet Iran's leaders "without preconditions".

Few American companies do much business in Iran so the impact of sanctions mainly stems from Washington's ability to block European and Asian firms from trading there.

In comments carried by the Office of the President, Rouhani was said to have praised the two countries' "friendly and heartfelt relationship" and mutual support for each other, while warning that Washington should not be seen as trustworthy.

European governments - who signed the Iran nuclear deal along with Washington - are infuriated by Trump's strategy that has prompted many of their large firms to leave Iran for fear of U.S. penalties.

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