United States tells allies they must stop importing Iran oil by November

India is reportedly preparing to Iran in rupees for oil cargoes it purchases from the country in a scheme meant to avoid the impacts of US sanctions

India is reportedly preparing to Iran in rupees for oil cargoes it purchases from the country in a scheme meant to avoid the impacts of US sanctions

We are all angry with the economic situation. "The U.S. can not defeat our nation; our enemies are not able to get us to their knees".

The US has asked all countries, including India, to stop all oil imports from Iran by November as it ruled out any exemption to India and Indian companies from its reimposed Iranian sanctions regime for them carrying out any transaction with Iran.

The country also banned imports on 1,300 products, including appliances, textiles, and healthcare in a move to resist United States sanctions.

Prohibited imports include home appliances, textile products, footwear and leather products, as well as furniture, healthcare products and some machinery, Tehran Times said.

The rial is under heavy pressure from the United States sanctions threat. Some official Iranian news sites reported that the USA dollar was selling for nearly 80,000 rials last week, compared with 60,000 rials in April, according to the semi-official Tasnim News, which cited trade on the unofficial, illegal markets. The demonstration signaled widespread unease in the wake of President Donald Trump's decision to withdraw the USA from Iran's nuclear deal with other world powers and restore sanctions on the country. The rial was at 42,890 at the end of 2017.

It came after protesters in Tehran swarmed the grand bazaar on Monday and forced shopkeepers to close their stalls, months after similar demonstrations rocked the country.

President Hassan Rouhani said on Tuesday that the U.S.is seeking to "break" the Iranian people through "psychological and economic warfare".

"The prices of milk, eggs, meat, bread has skyrocketed, yet Iranian people are witnessing their government investing millions of dollars in expensive regional disputes in Iraq, Syria, Yemen to increase its regional influence, while {Iranian people} go hungry", Ansari added.

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State TV quoted Tehran's deputy governor Abdolazim Rezaie as saying "no one has been arrested in the Tehran protests", adding that all the shops will be open on Tuesday.

Iran has announced a list of 15 demands for improving relations with the United States, including a USA return to the 2015 nuclear accord, in response to a similar list of demands made by Washington last month.

Illegal trade has persisted as Iranians seek sanctuary in foreign currency.

The International Monetary Fund estimated in March that the government held $112 billion of foreign assets and reserves, and that Iran was running a current account surplus.

Massive protests have erupted in Iran with in recent days as the country's economic crisis worsens, with many Iranians blaming the government's costly foreign interventions as the root of their economic ills.

"The predisposition would be no, we're not granting waivers", the official said.

"But we should know that a failure of the deal will have very risky consequences for us", Zarif told a meeting of entrepreneurs at the Iranian Chamber of Commerce in Tehran on June 24.

Emadi and other Iranian economists noted that Iran had imposed import bans during the previous sanctions era before 2016 with only limited success.

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