On the eve of new talks, key players from Iran and the world’s six major powers remained firmly committed to rival positi
On October 11, the Financial Crimes Enforcement Network of the U.S. Treasury issued a detailed advisory on Iran’s attempts to exploit the U.S. financial system. It was intended to help financial institutions to detect illicit transactions tied to the Islamic Republic and avoid exposure to U.S. sanctions. When President Trump announced the U.S. withdrawal from the nuclear deal, he indicated that U.S. sanctions were to be reimposed in two rounds, one on August 7 and one on November 5. The upcoming round of sanctions will target Iran’s oil exports, the most important part of the economy.
On October 4, Supreme Leader Ayatollah Ali Khamenei asserted that Iran’s economy is strong enough to “defeat” U.S. sanctions. He delivered a defiant address to a stadium filled with thousands of members of the Basij paramilitary. Khamenei criticized President Donald Trump for “wishful thinking” about the frailty of the Islamic Republic. Khamenei acknowledged that having an oil-dependent economy was a shortcoming, but he claimed that Iran's enemies were using the media to present a distorted picture of the situation in Iran.