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China said on Monday its lawful trade cooperation with Iran should be respected and expressed regret that the United States re-imposed sanctions on the Middle Eastern country.

The U.S. president abandoned the nuclear agreement in May, accusing Iran of violating the deal.

The deal had seen most global financial and economic sanctions on Iran lifted in return for Tehran curbing its disputed nuclear activity under United Nations surveillance. They include some of Iran's top oil customers - China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.

Trump administration officials have said eight entities are being given short-term waivers to allow them time to completely wind down their existing Iranian oil imports.

The reimposition of sanctions lifted under a 2015 nuclear deal adds 300 new designations in Iran's oil, shipping, insurance and banking sectors, to try to sharply reduce the country's petroleum revenues, a mainstay of its economy.

The accord provided Iran with billions of dollars in relief from worldwide sanctions in exchange for sweeping curbs on and inspections of its nuclear program. SUBSCRIBE NOW and hit the bell to be the first in the know. The U.S. cut off diplomatic relations in response.

This is where the new Iran sanctions collide with separate worldwide tensions, over trade.

U.S. officials have said the countries given temporary exemptions from the sanctions will deposit Iran's revenue in escrow accounts and Tehran will be able to use the funds for humanitarian purposes.

Oil markets have been preparing for the sanctions for months.

"We'll see what happens with Iran".

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It was his second four-wicket haul in eight matches since his comeback to the ODI team during the Asia Cup in September. The two sides will next contest a three-match T20 series, starting at Kolkata's Eden Gardens on Sunday.

Talking at the meeting, the new Economy Minister Farhad Dejpasand said Iran has "plans" to overcome sanctions.

"No one is going to argue that Secretary Pompeo isn't hard on Iran and no one is going to argue that President Trump isn't doing the same", Pompeo told Chris Wallace on "Fox News Sunday". It was also allowed to continue financial transactions with the Middle East country, it said.

"The European Union does not approve of it", said European Economic Affairs Commissioner Pierre Moscovici, regarding the sanctions. "They know very well that their economic problems are caused by the Iranian regime and not the United States", Mr Hook said in a conference call with reporters.

State media said millions turned out for rallies in towns and cities, swearing allegiance to the clerical establishment and Supreme Leader Ayatollah Ali Khamenei.

"In close coordination with our European partners, we are monitoring developments and examining options on how to protect the economic basis of this agreement and protect our companies", government spokesman Steffen Seibert said.

An effigy of Uncle Sam and pictures of Donald Trump were also torched.

"We can assure our people that the enemy will not be able to carry out its threats against our country", IRNA quoted Habibollah Sayyari, the coordinating officer, as saying.

"These negotiations are still ongoing", said US Secretary of State Mike Pompeo.

Iran's supreme leader Ayatollah Ali Khamenei denounced the measures on Saturday, saying Trump had "disgraced" U.S. prestige and would be the ultimate loser in the long-running quarrel between the countries.

"That's why they want us to round up our missiles".


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