\u201cWe are facing an economic war and the U. S. government is restoring sanctions and also trying to increase them,\u201d Abdolnasser Hemmati, the governor\u2026<\/b>
\n\u201cWe are facing an economic war and the U. S. government is restoring sanctions and also trying to increase them,\u201d Abdolnasser Hemmati, the governor of Iran\u2019s Central Bank, said, according to the Associated Press. \u201cBut our government is powerful \u2026 and is capable of opening up the foreign currency market on the same day.\u201d
Hemmati reportedly said the Central Bank also approved Iranian \u201clegal institutions and businesses\u201d to bring gold and foreign currency into the country.
Meanwhile, Majid Takht Ravanchi, deputy director for political affairs at Iran\u2019s presidential office, called for the European Union to take immediate action against U. S. sanctions, in an interview with Iran\u2019s state-run Tasnim News agency that was published on Sunday.
Ravanchi reportedly said, \u201cWe would not hold negotiations for (another round of) negotiations, not with Europeans and not with any other side. We want our negotiations to be purposeful and fruitful.\u201d
On Sunday, Europe\u2019s Franco-Italian manufacturer ATR sent five passenger airplanes to Iran\u2019s national airline, Iran Air. The delivery reportedly arrived on the eve of the reimposition of U. S. sanctions against Iran. According to the EU Observer, \u201cEU countries have given European firms legal cover to continue operating in Iran, despite the US pullout from the nuclear deal in May.\u201d
Last month, the United States refused European requests for exemptions from its new sanctions on Iran.
\u201cWe will seek to provide unprecedented financial pressure on the Iranian regime,\u201d the U. S. said, rebuffing Britain, France, and Germany.
On November 4, the United States will reimpose sanctions on Iran\u2019s oil industry and banking industry. President Trump said nations that continue to import Iranian oil after the deadline could face sanctions.
The reimposition of sanctions was announced on May 8 when President Donald Trump officially withdrew the United States from the Joint Comprehensive Plan of Action (JCPOA), of Iran nuclear deal.
In the face of these threats, Iran\u2019s President Hassan Rouhani and his top commanders have threatened to block the Strait of Hormuz, which is where approximately one-third of the world\u2019s oil passes through.
China, India, Turkey, and South Korea are among Iran\u2019s top oil importers.
On Friday, Iran\u2019s Foreign Minister Mohammad Javad Zarif said, \u201cThe role of China in the implementation of JCPOA, in achieving JCPOA, and now in sustaining JCPOA, will be pivotal.\u201d
Adelle Nazarian is a politics and national security reporter for Breitbart News. Follow her on Facebook and Twitter.<\/p>\n

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