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Senate Republicans including Ted Cruz (R-Texas), Tom Cotton (R-Ark.) and Marco Rubio (R-Fla.) want the administration to cut off Iranian banks from conducting global transactions using the Society for Worldwide Interbank Financial Telecommunication, and are expected to introduced legislation to force President Trump's hand after the election.

But the U.S. has rebuffed them and gone ahead with its sanctions plan, arguing that nations, banks and businesses worldwide will decide they'd rather do business with the USA than Iran.

Next, he said, "Russia will attempt to leverage the Iranian sanctions by closely aligning itself with OPEC and increasing oil output in order to enable Saudi Arabia to enforce supply quotas".

Anger and distrust over the United States is surging again following Mr Trump's decision to withdraw from landmark nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration. India has to keep its development needs in mind and also not to annoy the U.S. at the same time.

"Regarding oil sanctions, we had experience of it in previous periods and we could also get through them somehow", a man named Moaref told Ruptly.

The JCPOA also provides for the lifting of worldwide sanctions in order to have a positive impact on trade and economic relations with Iran, but most importantly on the lives of the Iranian people.

New tough sanctions targeting Iran's oil sector, imposed by the United States, come into force on Monday.

The US will grant partial exemptions, known as waivers, to eight governments on condition that any purchases from Iran are at "greatly reduced levels", Secretary of State Michael Pompeo said on Friday.

RT's video agency Ruptly on Sunday asked Tehranis about the impact of sanctions on their lives.

The sanctions will remain in place until Iran meets demands that include an end to support for terrorism and to military engagement in Syria.

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The sanctions penalise other countries which do business with Iran.

Mr Pompeo said: "Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country".

Earlier, Bloomberg reported that South Korea, India, and Japan are among the exempted countries.

Foad Izadi: The difficulty, I think, is that the Trump administration isn't really interested in reaching a new agreement with Iran.

Foreign ministry spokesman Bahram Qasemi told state TV that Iran had "the knowledge and the capability to manage the country's economic affairs".

Announcing the imposition of sanctions targeting Iran's oil and gas exports, ports and banking system, secretary of state Mike Pompeo said that the U.S. will grant waivers to "eight jurisdictions" because they had "demonstrated significant reductions in crude oil and cooperation on many other fronts".

China - the leading importer of Iranian crude - is still in discussions with the United States on terms, but is among the eight countries permitted to keep buying Iranian oil, according to two people familiar with the discussions.

Tehran sold oil to private buyers through its energy exchange for the first time on October 28, as part of efforts to counter the imminent return of sanctions.

He added that it had not been determined yet whether the waivers would be temporary or permanent, specifying that additional negotiations were required for making the final decision. Iran is the world's No. 3 oil exporter.