New U.S. Sanctions on Iran Impose Cost on Regime’s Hostile Behavior


North Korea is under USA and United Nations sanctions over its nuclear weapons programme.

'Isolating Iran could boost radical and fundamentalist forces, ' he said, adding that 'chaos in Iran, as we have experienced in Iraq or Libya, would further destabilise an already troubled region'.

German Foreign Minister Heiko Maas warned Wednesday that US President Donald Trump's decision to reimpose sanctions on Iran could further destabilize the Middle East and boost radical forces in the region.

The EU has revived legislation meant to insulate European companies doing business with Iran from United States sanctions, instructing them not to comply with Washington's demands, and providing a mechanism to sue the U.S. in European courts.

The comments from Beijing and Berlin signaled growing anger from partners of the United States, which reimposed strict sanctions against Iran on Tuesday, over its threat to penalize businesses from third countries that continue to operate there.

Despite not saying which consequences the U.S. will face in his latest statement, Iran had previously warned it could block the Strait of Hormuz, widely used by the regional states to export their oil and gas, as a comeback against the sanctions.

The Turkish minister described the United States sanctions as "unilateral".

European countries, hoping to persuade Tehran to continue to respect the deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.

The sanctions go back into place after Trump in July threatened Iranian President Hassan Rouhani.

The US now plans on adding Iranian oil and gas to the sanctions in November this year.

Turkey's Energy Minister Fatih Donmez also said that his country would continue to buy natural gas from Iran.

Danish engineering company Haldor Topsoe, one of the world's leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to the new U.S sanctions on Iran, which made it very hard for its customers there to finance new projects.

"The countries now the U.S. is negotiating with have told Washington that they will continue their oil purchases from Iran", he explained.

The report said the two discussed significant worldwide issues and mutual interests, likely including both country's ongoing nuclear negotiations with the US, and "welcomed further enhancement of relations", according to the state-owned Islamic Republic News Agency (IRNA).

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.